32 SBA loans worth $16.4M went to businesses in Boonton, NJ between October 2021 and June 2026, from 16 lenders. TD Bank made the most, 7 loans. The median loan was $255,000, compared with $150,000 across New Jersey, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 7 | $764K | $50,000 | 14% |
| 2 | FinWise Bank Bank · Murray, UT | 3 | $6.7M | $1,500,000 | 0% |
| 3 | Trenton Business Assistance Certified development company · Princeton, NJ | 3 | $2.8M | $598,000 | 0% |
| 4 | Peapack Private Bank and Trust Bank · Bedminster, NJ | 2 | $610K | $305,000 | 0% |
| 5 | Northeast Bank Bank · Portland, ME | 2 | $462K | $231,000 | 0% |
| 6 | Hanover Community Bank Bank · Garden City Park, NY | 2 | $395K | $197,500 | 100% |
| 7 | Huntington National Bank Bank · Columbus, OH | 2 | $325K | $162,500 | 100% |
| 8 | Manufacturers and Traders Trust Bank · Buffalo, NY | 2 | $295K | $147,500 | 0% |
| 9 | Trenton Business Assistance Non-bank lender · Princeton, NJ | 2 | $200K | $100,000 | 100% |
| 10 | Unity Bank Bank · Clinton, NJ | 1 | $1.6M | $1,608,000 | 100% |
| 11 | East West Bank Bank · Pasadena, CA | 1 | $825K | $825,000 | 0% |
| 12 | Live Oak Banking Bank · Wilmington, NC | 1 | $635K | $635,000 | 0% |
| 13 | Newtek Bank Bank · Miami, FL | 1 | $500K | $500,000 | 0% |
| 14 | Financial Resources Federal Credit Union Credit union · Branchburg, NJ | 1 | $260K | $260,000 | 0% |
| 15 | Santander Bank Bank · Wilmington, DE | 1 | $100K | $100,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 6 | $100,000 | TD Bank | |
| Retail | 5 | $300,000 | Huntington National Bank | |
| Other services (repair, personal care) | 4 | $197,500 | Hanover Community Bank | |
| Wholesale trade | 3 | $243,500 | TD Bank | |
| Professional and technical services | 2 | $374,000 | Trenton Business Assistance | |
| Manufacturing | 2 | $1,086,000 | Trenton Business Assistance | |
| Administrative and support services | 2 | $147,500 | Manufacturers and Traders Trust | |
| Health care and social assistance | 2 | $425,000 | Northeast Bank |