OceanFirst Bank approved 47 SBA loans worth $50.8M between October 2021 and June 2026, ranking #579 of 2,283 SBA lenders nationally by loan count. Its median loan was $680,000, and 26% went to startups or businesses under two years old. It lent in 10 states, most often in New York, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New York | 23 | $26.9M | $726,000 | #80 |
| New Jersey | 11 | $7.9M | $565,000 | #77 |
| Pennsylvania | 3 | $4.0M | $565,000 | #150 |
| California | 3 | $5.9M | $469,000 | #234 |
| Maryland | 2 | $2.3M | $1,147,700 | #120 |
| Florida | 1 | $500K | $500,000 | #281 |
| Illinois | 1 | $1.6M | $1,622,300 | #232 |
| Massachusetts | 1 | $70K | $70,000 | #204 |
| Tennessee | 1 | $715K | $715,000 | #171 |
| Virginia | 1 | $868K | $868,000 | #163 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 10 | $644,500 | |
| Arts, entertainment and recreation | 5 | $750,000 | |
| Professional and technical services | 5 | $680,000 | |
| Retail | 5 | $868,000 | |
| Transportation and warehousing | 5 | $500,000 | |
| Construction | 4 | $1,610,000 | |
| Health care and social assistance | 3 | $350,000 | |
| Other services (repair, personal care) | 3 | $500,000 | |
| Wholesale trade | 3 | $850,000 | |
| Administrative and support services | 2 | $2,750,000 |