32 SBA loans worth $22.7M went to businesses in Summit, NJ between October 2021 and June 2026, from 18 lenders. TD Bank made the most, 6 loans. The median loan was $180,750, 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 | 6 | $1.7M | $37,500 | 50% |
| 2 | Huntington National Bank Bank · Columbus, OH | 5 | $746K | $50,000 | 100% |
| 3 | Live Oak Banking Bank · Wilmington, NC | 3 | $3.3M | $1,525,000 | 0% |
| 4 | Hanover Community Bank Bank · Garden City Park, NY | 2 | $5.0M | $2,475,000 | 50% |
| 5 | Byline Bank Bank · Chicago, IL | 2 | $1.4M | $724,650 | 50% |
| 6 | JPMorgan Chase Bank Bank · Columbus, OH | 2 | $250K | $125,000 | 0% |
| 7 | Hanmi Bank Bank · Los Angeles, CA | 1 | $3.8M | $3,800,000 | 0% |
| 8 | Fulton Bank Bank · Lancaster, PA | 1 | $3.2M | $3,250,000 | 100% |
| 9 | Provident Bank Bank · Jersey City, NJ | 1 | $1.4M | $1,409,400 | 0% |
| 10 | Banesco USA Bank · Miami, FL | 1 | $499K | $499,000 | 0% |
| 11 | New Millennium Bank Bank · Fort Lee, NJ | 1 | $250K | $250,000 | 0% |
| 12 | Manufacturers and Traders Trust Bank · Buffalo, NY | 1 | $250K | $250,000 | 100% |
| 13 | Columbia Bank Bank · Fair Lawn, NJ | 1 | $215K | $215,000 | 100% |
| 14 | Northeast Bank Bank · Portland, ME | 1 | $212K | $211,500 | 0% |
| 15 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 9 | $150,000 | Huntington National Bank | |
| Retail | 5 | $1,565,000 | Hanover Community Bank | |
| Finance and insurance | 4 | $130,000 | Byline Bank | |
| Restaurants and hotels | 4 | $25,000 | TD Bank | |
| Other services (repair, personal care) | 4 | $920,000 | TD Bank | |
| Arts, entertainment and recreation | 1 | $250,000 | Manufacturers and Traders Trust | |
| Administrative and support services | 1 | $499,000 | Banesco USA | |
| Real estate and rental | 1 | $215,000 | Columbia Bank |