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County1st of 21 in New Jersey by approvalsFIPS 34003
SBA loans in Bergen County, New Jersey
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 1,513 loans to businesses in Bergen County, New Jersey, in FY2021 to FY2025, worth $704M: 1,444 under 7(a) and 69 under 504.
That is 47.6 approvals per 1,000 business establishments (31,818 establishments in 2023), close to the New Jersey figure of 46.8 and above the national 41.0.
It ranks 1st of 21 New Jersey counties with approvals. In FY2025 there were 410, up 13% on FY2024.
120 lenders had approvals here; the most active were TD Bank, National Association (351), Manufacturers and Traders Trust Company (140) and Northeast Bank (68). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Bergen County
By number of approvals to businesses in the county, FY2021–FY2025; 120 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 351 | $48.0M | 23.2% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 140 | $16.8M | 9.3% | |
| 3 | Northeast BankLewiston, ME | 68 | $10.1M | 4.5% | |
| 4 | The Huntington National BankColumbus, OH | 65 | $17.7M | 4.3% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 62 | $8.7M | 4.1% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 60 | $12.1M | 4.0% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 48 | $19.2M | 3.2% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 46 | $29.8M | 3.0% | |
| 9 | New Millennium BankFort Lee, NJ | 44 | $28.2M | 2.9% | |
| 10 | NewBankFlushing, NY | 42 | $26.8M | 2.8% | |
| 11 | PNC Bank, National AssociationWilmington, DE | 35 | $6.4M | 2.3% | |
| 12 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 30 | $33.9M | 2.0% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 28 | $15.6M | 1.9% | |
| 14 | Empire State Certified Development CorporationLatham, NY · CDC | 23 | $45.9M | 1.5% | |
| 15 | Provident BankJersey City, NJ | 22 | $19.3M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 181 | 12.0% | |
| 2 | Personal Care ServicesNAICS 8121 | 63 | 4.2% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 57 | 3.8% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 45 | 3.0% | |
| 5 | General Freight TruckingNAICS 4841 | 41 | 2.7% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 39 | 2.6% | |
| 7 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 36 | 2.4% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 35 | 2.3% | |
| 9 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 33 | 2.2% | |
| 10 | Residential Building ConstructionNAICS 2361 | 33 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 203 | 13.4% | |
| 2 | Retail Trade | 187 | 12.4% | |
| 3 | Wholesale Trade | 173 | 11.4% | |
| 4 | Other Services (except Public Administration) | 150 | 9.9% | |
| 5 | Construction | 141 | 9.3% | |
| 6 | Professional, Scientific, and Technical Services | 140 | 9.3% | |
| 7 | Health Care and Social Assistance | 122 | 8.1% | |
| 8 | Transportation and Warehousing | 88 | 5.8% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 230 | $76.2M | $150K | 4 | $8.9M | 234 | 1,779 |
| FY2025 | 400 | $164M | $150K | 10 | $14.7M | 410 | 3,274 |
| FY2024 | 350 | $107M | $150K | 12 | $21.1M | 362 | 2,463 |
| FY2023 | 294 | $110M | $150K | 14 | $25.5M | 308 | 2,672 |
| FY2022 | 207 | $86.4M | $150K | 15 | $15.7M | 222 | 1,563 |
| FY2021 | 193 | $145M | $445K | 18 | $14.3M | 211 | 1,838 |
| FY2020 | 187 | $80.3M | $150K | 6 | $6.1M | 193 | 1,334 |
| FY2019 | 297 | $140M | $120K | 18 | $16.5M | 315 | 2,267 |
| FY2018 | 339 | $95.1M | $100K | 9 | $6.8M | 348 | 2,211 |
| FY2017 | 358 | $125M | $100K | 9 | $12.5M | 367 | 2,743 |
| FY2016 | 244 | $94.9M | $150K | 8 | $10.1M | 252 | 2,105 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,475 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Bergen County | New Jersey | United States |
|---|---|---|---|
| Approvals | 1,513 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 47.6 | 46.8 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | $1.0M | $952K | $657K |
| Average approval | $465K | $508K | $573K |
| 504 share of approvals | 4.6% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 7.8 | 9.2 | 10.5 |
| Share of state approvals | 13.6% | 100.0% | — |
Approval sizes
- $50,000 or less25.2%381
- $50,001 to $150,00024.3%368
- $150,001 to $350,00019.1%289
- $350,001 to $1 million18.8%285
- $1 million to $2 million8.2%124
- Over $2 million4.4%66
Age of the businesses
- Existing, more than 2 years old66.7%1,009
- New business, 2 years or less15.3%232
- Startup, loan funds will open the business12.8%194
- Change of ownership5.1%77
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Bergen County?
By approvals in FY2021 to FY2025: TD Bank, National Association (351), Manufacturers and Traders Trust Company (140), Northeast Bank (68), The Huntington National Bank (65), BayFirst National Bank (62). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Bergen County?
The median 7(a) approval was $150K and the median 504 approval $1.0M; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Bergen County?
Restaurants and Other Eating Places (181); Personal Care Services (63); Services to Buildings and Dwellings (57); Other Amusement and Recreation Industries (45); General Freight Trucking (41).
Is SBA lending in Bergen County rising?
Approvals in the three latest complete fiscal years total 1,080, against 626 in the three before: rising (+73%).
How does Bergen County compare with the rest of New Jersey?
47.6 approvals per 1,000 establishments against 46.8 statewide, and 1,513 of the state's 11,132 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error