SBA lending by district
SBA lending in NJ-07
SBA 7(a) and 504 financing in New Jersey's 7th 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
- 3,935
- Total funded
- $2.0B
- Average loan
- $506K
- 7(a) charge-off
- 4.4%
Borrowers in New Jersey's 7th district took 3,935 SBA loans worth $2.0B since FY2010, averaging $506K. Of the 3,734 7(a) loans, 4.4% have charged off. See the rest of New Jersey.
SBA funded volume by fiscal year
Top SBA lenders in NJ-07
- 1. Fulton Bank, National Association $181.8M
- 2. Trenton Business Assistance Corporation $140.6M
- 3. Live Oak Banking Company $124.8M
- 4. TD Bank, National Association $117.4M
- 5. Unity Bank $83.5M
- 6. Empire State Certified Development Corporation $73.0M
- 7. Provident Bank $71.1M
- 8. Wells Fargo Bank National Association $56.7M
- 9. Peapack Private Bank and Trust $42.6M
- 10. Newtek Small Business Finance, Inc. $38.4M
Method. SBA 7(a) and 504 loans the SBA recorded in NJ-07,
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.