25 SBA loans worth $8.2M went to businesses in Springfield, NJ between October 2021 and June 2026, from 14 lenders. TD Bank made the most, 5 loans. The median loan was $249,000, compared with $150,000 across New Jersey, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 5 | $1.1M | $95,000 | 40% |
| 2 | Manufacturers and Traders Trust Bank · Buffalo, NY | 5 | $350K | $50,000 | 40% |
| 3 | Valley National Bank Bank · Passaic, NJ | 2 | $1.4M | $695,000 | 50% |
| 4 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $968K | $484,000 | 0% |
| 5 | Newtek Bank Bank · Miami, FL | 2 | $350K | $175,000 | 0% |
| 6 | Bancorp Bank Bank · Sioux Falls, SD | 1 | $1.1M | $1,081,300 | 100% |
| 7 | Wilmington Savings Fund Society FSB Bank · Wilmington, DE | 1 | $995K | $995,000 | 100% |
| 8 | Unity Bank Bank · Clinton, NJ | 1 | $750K | $750,000 | 100% |
| 9 | Byline Bank Bank · Chicago, IL | 1 | $468K | $468,000 | 0% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 1 | $350K | $350,000 | 0% |
| 11 | Northeast Bank Bank · Portland, ME | 1 | $249K | $249,000 | 0% |
| 12 | Union County Economic Development Certified development company · Cranford, NJ | 1 | $131K | $131,000 | 0% |
| 13 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $75K | $75,000 | 0% |
| 14 | Santander Bank Bank · Wilmington, DE | 1 | $25K | $25,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 5 | $75,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 4 | $267,500 | TD Bank | |
| Restaurants and hotels | 4 | $87,500 | Manufacturers and Traders Trust | |
| Arts, entertainment and recreation | 2 | $240,500 | Live Oak Banking | |
| Construction | 2 | $484,000 | Byline Bank | |
| Education | 2 | $175,000 | Newtek Bank | |
| Administrative and support services | 1 | $890,000 | Valley National Bank | |
| Professional and technical services | 1 | $95,000 | TD Bank |