SBA 7(a) loans in New Jersey
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
6,147loans approved
$150,000median loan
$50K–$450Kmiddle half of loans
$2.7Btotal approved
11%median initial rate
10 yrsmedian term
The median New Jersey loan is 14% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 300 | $248,750 |
| Limited-Service Restaurants (722513) | 191 | $267,300 |
| Residential Remodelers (236118) | 175 | $100,000 |
| Fitness and Recreational Sports Centers (713940) | 148 | $225,000 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 118 | $150,000 |
| Landscaping Services (561730) | 113 | $150,000 |
| Beauty Salons (812112) | 110 | $60,000 |
| Child Day Care Services (624410) | 101 | $430,000 |
| General Freight Trucking, Local (484110) | 96 | $50,000 |
| Beer, Wine, and Liquor Retailers (445320) | 89 | $750,000 |
Most active lenders in New Jersey
| Lender | Loans | Median | Total |
|---|---|---|---|
| TD Bank, National Association | 1,473 | $55,000 | $246.5M |
| Manufacturers and Traders Trust Company | 686 | $50,000 | $71.3M |
| Newtek Bank, National Association | 295 | $150,000 | $98.3M |
| The Huntington National Bank | 267 | $250,000 | $97.5M |
| Northeast Bank | 264 | $122,550 | $40.5M |
| JPMorgan Chase Bank, National Association | 247 | $175,000 | $62.3M |
| Readycap Lending, LLC | 247 | $253,500 | $82.5M |
| Live Oak Banking Company | 197 | $500,000 | $202.6M |
| Bayfirst National Bank | 164 | $150,000 | $23.2M |
| Wells Fargo Bank National Association | 128 | $20,000 | $46.7M |
SBA 504 loans in New Jersey
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
244504 loans approved
$1,109,500median CDC portion
$398.5Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in New Jersey
| Lender | Loans | Median | Total |
|---|---|---|---|
| Trenton Business Assistance Corporation | 164 | $1,131,000 | $282.6M |
| Empire State Certified Development Corporation | 74 | $1,125,500 | $110.1M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.