SBA data · New Jersey
SBA lending in New Jersey
30,136 loans worth $14.55B have been approved for New Jersey projects since FY2010 - the #9 state by SBA dollars, 2.9% of the national total.
State rank
#9
by dollars approved
Approved
$14.55B
FY2010 onward
Loans
30,136
Median loan
$150,000
-17% vs national
Median 7(a) rate
7.75%
Jobs supported
284,599
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in New Jersey
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in NJ | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Trenton Business Assistance Corporation | $1.19B | 1,221 | $975,661 | |
| 2 | TD Bank | $945.1M | 6,722 | $140,592 | |
| 3 | Fulton Bank | $880.9M | 992 | $888,043 | |
| 4 | Empire State Certified Development Corporation | $628.4M | 513 | $1,224,869 | |
| 5 | Live Oak Banking Company | $568.5M | 461 | $1,233,101 | |
| 6 | Provident Bank | $528.8M | 688 | $768,586 | |
| 7 | Wells Fargo Bank | $345.3M | 1,395 | $247,503 | |
| 8 | Unity Bank | $302.2M | 339 | $891,465 | |
| 9 | NewBank | $290.5M | 467 | $622,001 | |
| 10 | Wilmington Savings Fund Society | $289.5M | 366 | $790,941 | |
| 11 | The Bank of Princeton | $288.3M | 390 | $739,113 | |
| 12 | Newtek Small Business Finance, Inc. | $276.4M | 391 | $706,927 |
By sector in New Jersey
- Restaurants & Hotels4,018 · $2.73B
- Retail2,831 · $1.70B
- Health Care2,672 · $1.47B
- Wholesale2,172 · $1.37B
- Other Services3,064 · $1.18B
- Professional Services3,010 · $998.3M
- Construction3,134 · $820.0M
- Arts & Recreation1,070 · $650.5M
- Administrative & Waste1,507 · $410.9M
- Manufacturing535 · $365.0M
- Real Estate571 · $357.7M
- Transportation1,458 · $322.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in New Jersey. The final bar is a partial fiscal year.
Loan sizes in New Jersey
- Under $50K21%
- $50K - $150K23%
- $150K - $350K20%
- $350K - $1M21%
- $1M - $2M8%
- Over $2M6%
SBA lending in New Jersey: common questions
- How many SBA loans are approved in New Jersey?
- 30,136 SBA 7(a) and 504 loans totalling $14,547,674,400 have been approved for projects in New Jersey since fiscal year 2010, ranking it #9 among states and territories by dollars approved - 2.9% of all SBA lending nationally.
- Which lenders make the most SBA loans in New Jersey?
- By dollars approved in New Jersey, the most active lenders are Trenton Business Assistance Corporation, TD Bank, Fulton Bank, Empire State Certified Development Corporation, Live Oak Banking Company. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in New Jersey?
- The median gross approval in New Jersey is $150,000, 17% below the national median of $180,000. Half of all loans in the state fall between $25,000 and $1,340,000.
- Do I need to use a lender based in New Jersey?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in New Jersey, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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