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1st Colonial Community Bank loans review

A two-branch New Jersey bank offers the basics to local business owners.

Bottom line: This small bank offers a wide range of SBA loans and real estate financing — with a personal touch. But acquisitions are common for banks of this size.


Types of loans availableLines of credit, business acquisition loans, SBA loans, commercial construction loans, commercial real estate loans, personal loans, vehicle loans, home equity lines of credit, mortgages
Online applicationsNo
Number of branches2
Customer service hours8 a.m. to 5 p.m.
Customer service optionsPhone, email
Mobile appYes
Routing number31207869


  • Offers SBA 7(a), 504 and Express loans
  • Displays personal loan rates online
  • Strong involvement in community


  • No standard term loan program outside of SBA loans mentioned online
  • Only two branches
  • No weekend hours at Westville branch

Our take on 1st Colonial Community Bank

As a community bank, 1st Colonial has a lending program designed to serve local business owners. It offers short-term solutions, like working capital lines of credit, along with SBA loans and other longer-term financing. And it's all provided by a bank deeply rooted in your local community.

Because it's hyper local, there are only two branches in New Jersey — Collingswood and Westville. And while the Collingswood branch is open for a few hours on Saturday, the Westville branch is only open during standard business hours from Monday through Friday.

If you're local and you can work within normal business hours, 1st Colonial Community Bank may be a great option. But if you need your funds in a hurry, a standard term loan or you're not local check out other providers.

Offers 5 standard business financing options

  1. SBA loans with financing from $20,000 to $5 million through the 7(a), 504 and Express programs.
  2. Working capital lines of credit with access to cash to cover short-term business costs like purchasing inventory.
  3. Business acquisition term loans designed to help your business purchase another company.
  4. Commercial construction loans for making improvements or building a new facility.
  5. Commercial real estate loans to buy land or a facility for business use.

Apply with a loan officer

Get started on your loan application by setting up an appointment with a commercial loan officer. If you're interested in an SBA loan, contact the SBA loan department at 856-427-1136, ext. 136 or Otherwise, send an email to a 1st Colonial Bank's commercial loan officers.

Typically your loan officer will go over your business's finances and work with you to come up with the right loan for your business's needs. This process can take a few weeks the first time around. But as your loan officer gets to know your business, future rounds of funding tend to have a faster turnaround.

Get started online searching the contacts for lenders

Here's how to find the contact information for 1st Colonial's commercial loan officers.

  1. Go to the 1st Colonial website.
  2. Choose Business in the main menu and select Business lending.
  3. Hit Meet our lenders to get the contact information for any of its commercial lenders.

See more business loans

Check out how 1st Colonial Community Bank stacks up against select online lenders.

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $6,000,000
Starting at 5.99%
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Compare up to 4 providers

1st Colonial Community Bank reviews and complaints

BBB accredited Yes
BBB rating A+
Glassdoor 3.8 out of 5 stars, based on 2 customer reviews
Indeed 3.5 out of 5 stars, based on 2 customer reviews
Customer reviews verified as of 28 October 2021

1st Colonial Community Bank doesn't have any online customer reviews with sites like the Better Business Bureau or Trustpilot. This is normal for a bank of this size. Get an idea of what you're signing up for by reaching out to other business owners in your community.

Limited online reviews

There are only a few online employee reviews, which are mixed. One loan officer complains that they were rushed to close loans and didn't always properly evaluate applications. But with so few reviews, it's hard to make any kind of judgment on the rate of employee turnover, which can impact your experience as a borrower.

5 other services 1st Colonial Community Bank offers

You might want to sign up for a few of these products for your business and yourself if you choose to become a 1st Colonial customer.

  • ACH and wire transfer
  • Checking and savings accounts
  • Merchant services
  • Personal safe deposit boxes
  • Positive pay

1st Colonial has 2 branches in New Jersey

Collingswood branch


1040 Haddon Avenue
Collingswood, New Jersey

Westville branch


321 Broadway
Westville, New Jersey

1st Colonial Community Bank history

1st Colonial Community Bank is relatively new compared to other local banks. It's only been around for two decades — and only has two branches outside its main office.

Banks this small rarely stay that size. It's likely that 1st Colonia Community Bank will either acquire or be acquired by another community bank in the area. This can affect your experience as a customer.

You might not be working with the same team or have the same options after a merger. Avoid this by working with a slightly larger, more established bank.

Compare more lenders by visiting our guide to the best business loans of 2020.

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