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County17th of 21 in New Jersey by approvalsFIPS 34009
SBA loans in Cape May 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 164 loans to businesses in Cape May County, New Jersey, in FY2021 to FY2025, worth $127M: 149 under 7(a) and 15 under 504.
That is 43.0 approvals per 1,000 business establishments (3,816 establishments in 2023), close to the New Jersey figure of 46.8 and close to the national 41.0.
It ranks 17th of 21 New Jersey counties with approvals. In FY2025 there were 40, up 29% on FY2024.
42 lenders had approvals here; the most active were TD Bank, National Association (40), Wilmington Savings Fund Society FSB (13) and Empire State Certified Development Corporation (9). 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 Cape May County
By number of approvals to businesses in the county, FY2021–FY2025; 42 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 40 | $10.6M | 24.4% | |
| 2 | Wilmington Savings Fund Society FSBWilmington, DE | 13 | $10.1M | 7.9% | |
| 3 | Empire State Certified Development CorporationLatham, NY · CDC | 9 | $8.5M | 5.5% | |
| 4 | Mid Penn BankMillersburg, PA | 8 | $12.9M | 4.9% | |
| 5 | Northeast BankLewiston, ME | 7 | $1.6M | 4.3% | |
| 6 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 6 | $8.4M | 3.7% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 6 | $6.5M | 3.7% | |
| 8 | Byline BankChicago, IL | 5 | $4.3M | 3.0% | |
| 9 | Beacon Bank and TrustBrookline, MA | 5 | $4.3M | 3.0% | |
| 10 | Fulton Bank, National AssociationLancaster, PA | 5 | $3.2M | 3.0% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 5 | $1.1M | 3.0% | |
| 12 | Quaint Oak BankSouthampton, PA | 4 | $5.9M | 2.4% | |
| 13 | Tioga-Franklin Savings BankPhiladelphia, PA | 4 | $3.8M | 2.4% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 4 | $3.8M | 2.4% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $667K | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 34 | 20.7% | |
| 2 | Traveler AccommodationNAICS 7211 | 19 | 11.6% | |
| 3 | Residential Building ConstructionNAICS 2361 | 7 | 4.3% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 3.7% | |
| 5 | Clothing and Clothing Accessories RetailersNAICS 4581 | 6 | 3.7% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 5 | 3.0% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 4 | 2.4% | |
| 8 | Beverage ManufacturingNAICS 3121 | 3 | 1.8% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 1.8% | |
| 10 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 1.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 56 | 34.1% | |
| 2 | Retail Trade | 30 | 18.3% | |
| 3 | Construction | 21 | 12.8% | |
| 4 | Manufacturing | 10 | 6.1% | |
| 5 | Arts, Entertainment, and Recreation | 9 | 5.5% | |
| 6 | Professional, Scientific, and Technical Services | 7 | 4.3% | |
| 7 | Other Services (except Public Administration) | 7 | 4.3% | |
| 8 | Health Care and Social Assistance | 5 | 3.0% |
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* | 26 | $19.1M | $350K | 4 | $1.7M | 30 | 334 |
| FY2025 | 39 | $20.7M | $215K | 1 | — | 40 | 619 |
| FY2024 | 27 | $11.0M | $200K | 4 | $5.1M | 31 | 359 |
| FY2023 | 27 | $26.7M | $300K | 4 | $3.5M | 31 | 332 |
| FY2022 | 28 | $15.0M | $436K | 1 | — | 29 | 340 |
| FY2021 | 28 | $36.9M | $913K | 5 | $5.7M | 33 | 312 |
| FY2020 | 15 | $8.9M | $425K | 4 | $4.2M | 19 | 127 |
| FY2019 | 34 | $10.3M | $164K | 1 | — | 35 | 266 |
| FY2018 | 47 | $41.4M | $230K | 1 | — | 48 | 403 |
| FY2017 | 59 | $30.7M | $100K | 2 | — | 61 | 742 |
| FY2016 | 52 | $25.2M | $279K | 1 | — | 53 | 545 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 216 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Cape May County | New Jersey | United States |
|---|---|---|---|
| Approvals | 164 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 43.0 | 46.8 | 41.0 |
| Median 7(a) approval | $280K | $150K | $190K |
| Median 504 approval | $1.1M | $952K | $657K |
| Average approval | $775K | $508K | $573K |
| 504 share of approvals | 9.1% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 12.0 | 9.2 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less21.3%35
- $50,001 to $150,00012.8%21
- $150,001 to $350,00016.5%27
- $350,001 to $1 million23.2%38
- $1 million to $2 million15.2%25
- Over $2 million11.0%18
Age of the businesses
- Existing, more than 2 years old54.3%89
- New business, 2 years or less23.2%38
- Startup, loan funds will open the business7.3%12
- Change of ownership15.2%25
Questions and answers
Which lenders make the most SBA loans in Cape May County?
By approvals in FY2021 to FY2025: TD Bank, National Association (40), Wilmington Savings Fund Society FSB (13), Empire State Certified Development Corporation (9), Mid Penn Bank (8), Northeast Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cape May County?
The median 7(a) approval was $280K and the median 504 approval $1.1M; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Cape May County?
Restaurants and Other Eating Places (34); Traveler Accommodation (19); Residential Building Construction (7); Other Amusement and Recreation Industries (6); Clothing and Clothing Accessories Retailers (6).
Is SBA lending in Cape May County rising?
Approvals in the three latest complete fiscal years total 102, against 81 in the three before: rising (+26%).
How does Cape May County compare with the rest of New Jersey?
43.0 approvals per 1,000 establishments against 46.8 statewide, and 164 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