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Somerset Trust Company

SOMERSET, PA 15501

26
Loans Approved
$9.9M
Total Volume
$380K
Avg Loan Size
3
States Served

States Served

MarylandPennsylvaniaVirginia

Top Industries Financed

  • Full-Service Restaurants
  • All Other Miscellaneous Chemical Product and Preparation Manufacturing
  • Plate Work Manufacturing
  • Specialized Freight (except Used Goods) Trucking, Local
  • Lessors of Miniwarehouses and Self-Storage Units

Quick Summary

Somerset Trust Company is an SBA-approved lender headquartered in SOMERSET, Pennsylvania. Since 2020, they have approved 26 SBA 7(a) loans totaling $9.9M, with an average loan size of $380K. They serve businesses across 3 states.

About Somerset Trust Company

Somerset Trust Company is an SBA-approved lender headquartered in SOMERSET, Pennsylvania. Since 2020, they have approved 26 SBA 7(a) loans totaling $9.9M, with an average loan size of $380K. They serve businesses across 3 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Somerset Trust Company an SBA Preferred Lender?

Somerset Trust Company is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Somerset Trust Company approved?

According to SBA FOIA public records, Somerset Trust Company has approved 26 SBA 7(a) loans totaling $9.9M since 2020. Their average loan size is $380K.

What states does Somerset Trust Company serve?

Somerset Trust Company serves businesses in 3 states: Maryland, Pennsylvania, Virginia.

How do I apply for an SBA loan with Somerset Trust Company?

To apply for an SBA 7(a) loan with Somerset Trust Company, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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