SBA lending by district
SBA lending in NJ-01
SBA 7(a) and 504 financing in New Jersey's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 3,144
- Total funded
- $1.6B
- Average loan
- $515K
- 7(a) charge-off
- 5.3%
Borrowers in New Jersey's 1st district took 3,144 SBA loans worth $1.6B since FY2010, averaging $515K. Of the 2,985 7(a) loans, 5.3% have charged off. See the rest of New Jersey.
SBA funded volume by fiscal year
Top SBA lenders in NJ-01
- 1. Fulton Bank, National Association $186.8M
- 2. TD Bank, National Association $138.3M
- 3. Trenton Business Assistance Corporation $116.4M
- 4. Wilmington Savings Fund Society FSB $98.1M
- 5. Live Oak Banking Company $64.1M
- 6. Mid Penn Bank $58.5M
- 7. Beacon Bank and Trust $54.0M
- 8. Meridian Bank $48.7M
- 9. Empire State Certified Development Corporation $46.0M
- 10. Firstrust Savings Bank $32.9M
Method. SBA 7(a) and 504 loans the SBA recorded in NJ-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.