25 SBA loans worth $7.9M went to businesses in Scotch Plains, NJ between October 2021 and June 2026, from 13 lenders. TD Bank made the most, 8 loans. The median loan was $150,000, compared with $150,000 across New Jersey, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 8 | $1.6M | $60,000 | 50% |
| 2 | Unity Bank Bank · Clinton, NJ | 2 | $1.3M | $660,000 | 50% |
| 3 | Newtek Bank Bank · Miami, FL | 2 | $573K | $286,500 | 50% |
| 4 | New Millennium Bank Bank · Fort Lee, NJ | 2 | $485K | $242,500 | 0% |
| 5 | Manufacturers and Traders Trust Bank · Buffalo, NY | 2 | $280K | $140,000 | 0% |
| 6 | JPMorgan Chase Bank Bank · Columbus, OH | 2 | $250K | $125,000 | 0% |
| 7 | Empire State Certified Development Certified development company · Latham, NY | 1 | $1.5M | $1,510,000 | 0% |
| 8 | Citizens Bank Bank · Providence, RI | 1 | $1.3M | $1,258,000 | 0% |
| 9 | Trenton Business Assistance Certified development company · Princeton, NJ | 1 | $204K | $204,000 | 0% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| 11 | NewBank Bank · Flushing, NY | 1 | $150K | $150,000 | 0% |
| 12 | Northeast Bank Bank · Portland, ME | 1 | $133K | $133,000 | 0% |
| 13 | PNC Bank Bank · Wilmington, DE | 1 | $25K | $25,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 6 | $142,500 | New Millennium Bank | |
| Construction | 5 | $70,000 | TD Bank | |
| Restaurants and hotels | 4 | $472,500 | PNC Bank | |
| Administrative and support services | 4 | $232,500 | Manufacturers and Traders Trust | |
| Wholesale trade | 2 | $37,500 | JPMorgan Chase Bank | |
| Arts, entertainment and recreation | 2 | $1,331,000 | TD Bank | |
| Finance and insurance | 1 | $323,000 | Newtek Bank | |
| Professional and technical services | 1 | $204,000 | Trenton Business Assistance |