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Certified development company · Cranford, NJ

Union County Economic Development: SBA lending profile

Union County Economic Development Corporation · SBA 504 loans, October 2021 to June 30, 2026 · Updated October 15, 2026
17
SBA loans approved
$14.2M
Total approved
$488,000
Median loan
1
States lent in
0%
To startups
#955
National rank by loans

Union County Economic Development approved 17 SBA loans worth $14.2M between October 2021 and June 2026, ranking #955 of 2,283 SBA lenders nationally by loan count. Its median loan was $488,000, and 0% went to startups or businesses under two years old. It lent in 1 states, most often in New Jersey, and its most financed industry was other services (repair, personal care).

SBA loans per fiscal year

071320FY14: 11 loansFY1411FY15: 2 loansFY15FY16: 2 loansFY16FY17: 9 loansFY17FY18: 5 loansFY18FY19: 2 loansFY19FY20: 2 loansFY20FY21: 11 loansFY21FY22: 6 loansFY22FY23: 7 loansFY23FY24: 1 loansFY24FY25: 2 loansFY25FY26 (Oct to Jun): 1 loansFY261
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Union County Economic Development lends

StateLoansApprovedMedian loanRank in state
New Jersey17$14.2M$488,000#66

Industries Union County Economic Development finances

IndustryLoansShareMedian loan
Other services (repair, personal care)4
24%
$409,000
Retail3
18%
$488,000
Health care and social assistance2
12%
$995,000
Restaurants and hotels2
12%
$1,309,000
Construction1
6%
$393,000
Arts, entertainment and recreation1
6%
$131,000
Manufacturing1
6%
$554,000
Finance and insurance1
6%
$356,000
Education1
6%
$512,000
Wholesale trade1
6%
$4,974,000
Loan size mix
  • Under $150,0006%
  • $150,000 to $500,00053%
  • $500,000 to $2 million35%
  • $2 million and up6%
Loan programs used
  • 504 Basic94%
  • 504 Refinancing Program6%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.