11,018 SBA loans worth $5.2B went to New Jersey businesses between October 2021 and June 2026, from 206 lenders. TD Bank made the most 7(a) loans, 2,805 or 27% of the state's total, and the ten most active lenders made 64%. The median 7(a) loan was $150,000, below the national median of $158,000. Construction was the most financed industry, at 13% of loans. Annual loan count rose 25% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 2,805 | $408.5M | $50,000 | 28% | Construction |
| 2 | Manufacturers and Traders Trust Bank · Buffalo, NY | 948 | $95.5M | $55,000 | 32% | Construction |
| 3 | Northeast Bank Bank · Portland, ME | 600 | $90.6M | $100,000 | 8% | Professional and technical services |
| 4 | Newtek Bank Bank · Miami, FL | 480 | $198.2M | $200,000 | 19% | Professional and technical services |
| 5 | Huntington National Bank Bank · Columbus, OH | 439 | $152.2M | $265,000 | 60% | Other services (repair, personal care) |
| 6 | JPMorgan Chase Bank Bank · Columbus, OH | 340 | $80.2M | $150,000 | 8% | Construction |
| 7 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 339 | $118.4M | $240,000 | 12% | Professional and technical services |
| 8 | BayFirst National Bank Bank · St. Petersburg, FL | 304 | $45.6M | $150,000 | 0% | Professional and technical services |
| 9 | Wells Fargo Bank Bank · Sioux Falls, SD | 267 | $84.6M | $20,000 | 83% | Transportation and warehousing |
| 10 | PNC Bank Bank · Wilmington, DE | 257 | $54.8M | $50,000 | 35% | Construction |
| 11 | Live Oak Banking Bank · Wilmington, NC | 243 | $289.0M | $500,000 | 22% | Health care and social assistance |
| 12 | Wilmington Savings Fund Society FSB Bank · Wilmington, DE | 181 | $142.4M | $500,000 | 50% | Restaurants and hotels |
| 13 | Fulton Bank Bank · Lancaster, PA | 171 | $148.2M | $513,500 | 51% | Restaurants and hotels |
| 14 | Provident Bank Bank · Jersey City, NJ | 138 | $142.5M | $600,000 | 36% | Retail |
| 15 | Meridian Bank Bank · Wayne, PA | 127 | $124.5M | $500,000 | 59% | Construction |
| 16 | Bank of America Bank · Charlotte, NC | 117 | $70.5M | $423,000 | 38% | Health care and social assistance |
| 17 | Celtic Bank Bank · Salt Lake City, UT | 115 | $41.4M | $150,000 | 17% | Professional and technical services |
| 18 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 111 | $80.0M | $250,000 | 18% | Retail |
| 19 | Santander Bank Bank · Wilmington, DE | 101 | $6.9M | $62,000 | 7% | Construction |
| 20 | Trenton Business Assistance Non-bank lender · Princeton, NJ | 100 | $15.9M | $148,000 | 34% | Other services (repair, personal care) |
| 21 | Peapack Private Bank and Trust Bank · Bedminster, NJ | 96 | $97.9M | $625,000 | 27% | Retail |
| 22 | United Midwest Savings Bank Bank · Degraff, OH | 92 | $28.7M | $150,000 | 85% | Construction |
| 23 | FinWise Bank Bank · Murray, UT | 88 | $116.4M | $690,000 | 5% | Retail |
| 24 | Beacon Bank and Trust Bank · Boston, MA | 85 | $84.7M | $815,000 | 36% | Restaurants and hotels |
| 25 | First Bank of the Lake Bank · Osage Beach, MO | 72 | $41.8M | $342,500 | 72% | Health care and social assistance |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Trenton Business Assistance Princeton, NJ | 281 | $435.5M | $1,081,000 |
| 2 | Empire State Certified Development Latham, NY | 141 | $224.9M | $1,112,000 |
| 3 | Union County Economic Development Cranford, NJ | 17 | $14.2M | $488,000 |
| 4 | Capital Access Group San Francisco, CA | 1 | $1.5M | $1,500,000 |
| 5 | Florida First Capital Finance Corporation Tallahassee, FL | 1 | $1.6M | $1,593,000 |
| 6 | Florida Business Development Tampa, FL | 1 | $2.3M | $2,274,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 1,406 | $100,000 | TD Bank | |
| Retail | 1,305 | $235,500 | TD Bank | |
| Restaurants and hotels | 1,279 | $290,000 | TD Bank | |
| Professional and technical services | 1,134 | $130,400 | TD Bank | |
| Other services (repair, personal care) | 1,110 | $126,950 | TD Bank | |
| Health care and social assistance | 961 | $250,000 | TD Bank | |
| Transportation and warehousing | 727 | $68,000 | TD Bank | |
| Wholesale trade | 716 | $225,000 | TD Bank | |
| Administrative and support services | 657 | $150,000 | TD Bank | |
| Manufacturing | 591 | $250,000 | TD Bank | |
| Arts, entertainment and recreation | 422 | $252,500 | TD Bank | |
| Real estate and rental | 209 | $150,000 | TD Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Jersey City | 282 | $101.4M | $150,000 | Manufacturers and Traders Trust |
| Lakewood | 275 | $127.0M | $200,000 | TD Bank |
| Trenton | 194 | $111.1M | $250,000 | TD Bank |
| Toms River | 188 | $70.7M | $132,900 | TD Bank |
| Newark | 185 | $69.9M | $120,000 | TD Bank |
| Paterson | 146 | $71.7M | $110,000 | TD Bank |
| Clifton | 131 | $57.3M | $100,200 | TD Bank |
| Edison | 120 | $63.4M | $112,500 | TD Bank |
| Cherry Hill | 118 | $60.2M | $150,000 | TD Bank |
| Hackensack | 116 | $40.3M | $182,500 | TD Bank |
| Linden | 103 | $49.8M | $150,000 | TD Bank |
| Freehold | 97 | $54.4M | $223,500 | TD Bank |
| East Brunswick | 94 | $42.6M | $249,500 | TD Bank |
| Fort Lee | 94 | $31.4M | $150,000 | TD Bank |
| Jackson | 93 | $42.3M | $150,000 | TD Bank |
144 New Jersey cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.