
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
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.
Lines of credit, business acquisition loans, SBA loans, commercial construction loans, commercial real estate loans, personal loans, vehicle loans, home equity lines of credit, mortgages
Types of loans available
Collingswood and Westville, New Jersey
Area serviced
No
Online applications
Types of loans available | Lines of credit, business acquisition loans, SBA loans, commercial construction loans, commercial real estate loans, personal loans, vehicle loans, home equity lines of credit, mortgages |
---|---|
Area serviced | Collingswood and Westville, New Jersey |
Online applications | No |
Number of branches | 2 |
Customer service hours | 8 a.m. to 5 p.m. |
Customer service options | Phone, email |
Mobile app | Yes |
Routing number | 31207869 |
1st Colonial Community Bank is a small New Jersey bank with two branches. It has one location in Collingswood and another in Westville. Like other community banks, its stated mission is to provide relationship-based banking to support the local community.
It's been involved in several local initiatives, like providing bags to the annual Collingswood Book Festival and financial support to the The Joseph Fund of Camden and local high school sports teams.
1st Colonial Community Bank offers your standard business and personal financing options:
You can 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 msoldano@1stcolonial.com. Otherwise, send an email to one of 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.
Here's how to find the contact information for 1st Colonial's commercial loan officers.
Check out how 1st Colonial Community Bank stacks up against select online lenders.
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 |
1st Colonial Community Bank doesn't have any online customer reviews. This is normal for a bank of this size. You can get an idea of what you're signing up for by reaching out to other business owners in your community.
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 judgement on the rate of employee turnover, which can impact your experience as a borrower.
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.
1st Colonial has branches in Collingswood and Westville, New Jersey.
1040 Haddon Avenue
Collingswood, New Jersey
08108
321 Broadway
Westville, New Jersey
08093
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. You can sometimes 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.