61 SBA loans worth $44.9M went to businesses in Somerset, NJ between October 2021 and June 2026, from 25 lenders. TD Bank made the most, 19 loans. The median loan was $200,000, compared with $150,000 across New Jersey, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 19 | $1.9M | $95,000 | 32% |
| 2 | Newtek Bank Bank · Miami, FL | 3 | $5.2M | $100,000 | 0% |
| 3 | Fulton Bank Bank · Lancaster, PA | 3 | $1.5M | $335,000 | 100% |
| 4 | BayFirst National Bank Bank · St. Petersburg, FL | 3 | $992K | $150,000 | 0% |
| 5 | Northeast Bank Bank · Portland, ME | 3 | $131K | $44,800 | 33% |
| 6 | Celtic Bank Bank · Salt Lake City, UT | 2 | $5.0M | $2,517,500 | 0% |
| 7 | Provident Bank Bank · Jersey City, NJ | 2 | $5.0M | $2,482,500 | 0% |
| 8 | Peapack Private Bank and Trust Bank · Bedminster, NJ | 2 | $4.8M | $2,380,000 | 0% |
| 9 | Associated Bank Bank · Green Bay, WI | 2 | $2.8M | $1,396,250 | 50% |
| 10 | Customers Bank Bank · Malvern, PA | 2 | $1.8M | $878,500 | 100% |
| 11 | Meridian Bank Bank · Wayne, PA | 2 | $1.3M | $635,000 | 100% |
| 12 | JPMorgan Chase Bank Bank · Columbus, OH | 2 | $683K | $341,500 | 0% |
| 13 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $500K | $250,000 | 0% |
| 14 | Magnifi Financial CU Credit union · Melrose, MN | 2 | $250K | $125,000 | 50% |
| 15 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $160K | $79,750 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 11 | $250,000 | TD Bank | |
| Construction | 10 | $175,000 | TD Bank | |
| Health care and social assistance | 9 | $352,000 | Customers Bank | |
| Retail | 7 | $750,000 | Fulton Bank | |
| Restaurants and hotels | 4 | $97,250 | Wells Fargo Bank | |
| Wholesale trade | 4 | $210,000 | TD Bank | |
| Other services (repair, personal care) | 4 | $43,000 | TD Bank | |
| Arts, entertainment and recreation | 3 | $95,000 | Magnifi Financial CU |