SBA lending by state
SBA Lending in New Jersey
In New Jersey, SBA lenders funded 29,672 7(a) and 504 loans since FY2010, totaling $14.3B, an average of $484K per loan. The most active lender is TD Bank, National Association, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in New Jersey
Ranked by SBA loans funded in New Jersey since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its New Jersey loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in New Jersey shows “not reported,” never 0%.
See the full New Jersey ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 6,620 | $922.6M | $139K | 7.85% |
| 2 | Manufacturers and Traders Trust Company | 1,628 | $211.8M | $130K | 7.49% |
| 3 | JPMorgan Chase Bank, National Association | 1,545 | $275.4M | $178K | 6.15% |
| 4 | Wells Fargo Bank National Association | 1,389 | $336.8M | $242K | 6.12% |
| 5 | Trenton Business Assistance Corporation | 1,208 | $1.2B | $973K | 3.51% |
| 6 | Fulton Bank, National Association | 984 | $872.0M | $886K | 3.66% |
| 7 | Santander Bank, National Association | 815 | $122.4M | $150K | 5.64% |
| 8 | PNC Bank, National Association | 732 | $180.5M | $247K | 3.69% |
| 9 | Northeast Bank | 705 | $125.8M | $178K | 2.13% |
| 10 | Provident Bank | 681 | $514.3M | $755K | 1.32% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in New Jersey
An SBA 504 project in New Jersey pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in New Jersey, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Trenton Business Assistance Corporation | 895 | $1.1B |
| Empire State Certified Development Corporation | 483 | $610.2M |
| SBA CLSC Servicing | 99 | $91.3M |
| Union County Economic Development Corporation | 79 | $63.7M |
| New Jersey Business Finance Corporation | 70 | $64.0M |
| NEPA Alliance Business Finance Corporation | 2 | $10.5M |
| South Eastern Economic Development Company of Pennsylvania | 2 | $900K |
| Capital Access Group, Inc. | 1 | $1.5M |
| Nebraska Economic Development Corporation | 1 | $1.3M |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in New Jersey
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 3,958 | $2.7B |
| Retail Trade | 4,093 | $2.2B |
| Health Care and Social Assistance | 2,627 | $1.4B |
| Wholesale Trade | 2,146 | $1.4B |
| Manufacturing | 1,666 | $1.2B |
| Other Services | 3,022 | $1.2B |
| Professional and Technical Services | 2,948 | $993.9M |
| Construction | 3,085 | $799.7M |
Top cities for SBA loans in New Jersey
Where SBA 7(a) and 504 borrowers in New Jersey are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Lakewood | 546 | $246.0M |
| Jersey City | 613 | $236.7M |
| Newark | 499 | $236.3M |
| Edison | 360 | $202.3M |
| Cherry Hill | 341 | $164.3M |
| Paterson | 344 | $162.0M |
| Toms River | 425 | $157.9M |
| Fort Lee | 306 | $149.2M |
SBA lending by metro area in New Jersey
Which lenders fund each New Jersey market, with local loan sizes and industries.
- SBA lenders in New York, NY 59,677 loans
- SBA lenders in Philadelphia, PA 18,324 loans
- SBA lenders in Allentown, PA 1,987 loans
- SBA lenders in Atlantic City, NJ 1,256 loans
- SBA lenders in Trenton, NJ 1,134 loans
- SBA lenders in Vineland, NJ 254 loans
SBA lending in New Jersey by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1,156 | $454.4M |
| 2011 | 1,289 | $675.2M |
| 2012 | 1,175 | $604.6M |
| 2013 | 1,163 | $634.5M |
| 2014 | 1,347 | $649.7M |
| 2015 | 1,739 | $817.6M |
| 2016 | 1,761 | $813.9M |
| 2017 | 2,333 | $877.7M |
| 2018 | 2,294 | $907.5M |
| 2019 | 1,952 | $856.6M |
| 2020 | 1,287 | $810.3M |
| 2021 | 1,639 | $1.3B |
| 2022 | 1,654 | $900.0M |
| 2023 | 2,339 | $1.1B |
| 2024 | 2,591 | $1.0B |
| 2025 | 2,915 | $1.3B |
| 2026 | 1,038 | $573.6M |
SBA lending in New Jersey: frequently asked questions
How much SBA lending is there in New Jersey?
SBA lenders funded 29,672 7(a) and 504 loans totaling $14.3B in New Jersey in the public SBA data (as of 2026-03-31), an average of $484K per loan.
Who is the most active SBA lender in New Jersey?
TD Bank, National Association is the most active SBA lender in New Jersey in the public data, by loans funded.
What industries get the most SBA loans in New Jersey?
The most-funded industry for SBA loans in New Jersey is Accommodation and Food Services.
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