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SBA lenders in Hillsborough, NJ

SBA 7(a) and 504 loans to businesses in Hillsborough (Somerset County), October 2021 to June 30, 2026 · Updated October 15, 2026
52
SBA loans approved
$20.2M
Total approved
$170,000
Median loan
23
Lenders active
31%
To startups

52 SBA loans worth $20.2M went to businesses in Hillsborough, NJ between October 2021 and June 2026, from 23 lenders. TD Bank made the most, 10 loans. The median loan was $170,000, compared with $150,000 across New Jersey, and professional and technical services was the most financed industry.

Most active SBA lenders in Hillsborough

#LenderLoansApprovedMedian loanTo startups
1TD Bank
Bank · Wilmington, DE
10$835K$67,50010%
2Manufacturers and Traders Trust
Bank · Buffalo, NY
6$575K$100,00050%
3Provident Bank
Bank · Jersey City, NJ
4$2.3M$620,00025%
4Newtek Bank
Bank · Miami, FL
4$1.9M$450,00025%
5Peapack Private Bank and Trust
Bank · Bedminster, NJ
3$3.1M$1,120,0000%
6Live Oak Banking
Bank · Wilmington, NC
2$1.8M$882,50050%
7Trenton Business Assistance
Certified development company · Princeton, NJ
2$845K$422,5000%
8Celtic Bank
Bank · Salt Lake City, UT
2$666K$333,2500%
9Citizens Bank
Bank · Providence, RI
2$620K$310,000100%
10Northeast Bank
Bank · Portland, ME
2$421K$210,6500%
11United Midwest Savings Bank
Bank · Degraff, OH
2$300K$150,000100%
12JPMorgan Chase Bank
Bank · Columbus, OH
2$250K$125,00050%
13First Bank
Bank · Hamilton, NJ
1$1.5M$1,535,8000%
14Newtek Small Business Finance
Non-bank lender · Lake Success, NY
1$1.5M$1,500,0000%
15Bank of America
Bank · Charlotte, NC
1$950K$950,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Hillsborough. For 504 loans the lender shown is the certified development company.

What gets financed in Hillsborough

IndustryLoansShareMedian loanMost active lender
Professional and technical services8
15%
$392,250Provident Bank
Construction7
13%
$150,000United Midwest Savings Bank
Other services (repair, personal care)6
12%
$70,650Citizens Bank
Arts, entertainment and recreation5
10%
$125,000Manufacturers and Traders Trust
Health care and social assistance5
10%
$365,000Live Oak Banking
Retail5
10%
$148,000TD Bank
Wholesale trade4
8%
$788,500TD Bank
Agriculture, forestry and fishing3
6%
$378,000Financial Resources Federal Credit Union
Loan size mix
  • Under $150,00038%
  • $150,000 to $500,00031%
  • $500,000 to $2 million31%
  • $2 million and up0%
Compared with New Jersey
Median loan, Hillsborough
$170,000
Median loan, New Jersey
$150,000
Startup share, Hillsborough
31%
Startup share, New Jersey
30%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Hillsborough

071320FY14: 8 loansFY14FY15: 6 loansFY15FY16: 5 loansFY16FY17: 11 loansFY17FY18: 14 loansFY18FY19: 8 loansFY19FY20: 10 loansFY20FY21: 6 loansFY21FY22: 9 loansFY22FY23: 10 loansFY23FY24: 11 loansFY24FY25: 16 loansFY2516FY26 (Oct to Jun): 6 loansFY266
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
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.