States › New Jersey › Gloucester County
County14th of 21 in New Jersey by approvalsFIPS 34015
SBA loans in Gloucester 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 315 loans to businesses in Gloucester County, New Jersey, in FY2021 to FY2025, worth $144M: 292 under 7(a) and 23 under 504.
That is 50.0 approvals per 1,000 business establishments (6,298 establishments in 2023), close to the New Jersey figure of 46.8 and above the national 41.0.
It ranks 14th of 21 New Jersey counties with approvals. In FY2025 there were 86, up 10% on FY2024.
52 lenders had approvals here; the most active were TD Bank, National Association (104), Fulton Bank, National Association (22) and Trenton Business Assistance Corporation (20). 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 Gloucester County
By number of approvals to businesses in the county, FY2021–FY2025; 52 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 104 | $10.2M | 33.0% | |
| 2 | Fulton Bank, National AssociationLancaster, PA | 22 | $10.8M | 7.0% | |
| 3 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 20 | $28.0M | 6.3% | |
| 4 | Wilmington Savings Fund Society FSBWilmington, DE | 20 | $20.6M | 6.3% | |
| 5 | Northeast BankLewiston, ME | 12 | $1.5M | 3.8% | |
| 6 | The Huntington National BankColumbus, OH | 10 | $2.2M | 3.2% | |
| 7 | Mid Penn BankMillersburg, PA | 8 | $6.9M | 2.5% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 8 | $2.5M | 2.5% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 8 | $1.2M | 2.5% | |
| 10 | Manufacturers and Traders Trust CompanyBuffalo, NY | 8 | $1.2M | 2.5% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 8 | $692K | 2.5% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 7 | $1.6M | 2.2% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 5 | $2.8M | 1.6% | |
| 14 | Bank of America, National AssociationCharlotte, NC | 5 | $1.5M | 1.6% | |
| 15 | Peapack Private Bank and TrustBedminster, NJ | 4 | $3.3M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 28 | 8.9% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 18 | 5.7% | |
| 3 | Residential Building ConstructionNAICS 2361 | 16 | 5.1% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 15 | 4.8% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 14 | 4.4% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 14 | 4.4% | |
| 7 | Personal Care ServicesNAICS 8121 | 13 | 4.1% | |
| 8 | General Freight TruckingNAICS 4841 | 12 | 3.8% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 3.5% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 11 | 3.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 77 | 24.4% | |
| 2 | Accommodation and Food Services | 35 | 11.1% | |
| 3 | Retail Trade | 34 | 10.8% | |
| 4 | Other Services (except Public Administration) | 31 | 9.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 25 | 7.9% | |
| 6 | Health Care and Social Assistance | 25 | 7.9% | |
| 7 | Transportation and Warehousing | 19 | 6.0% | |
| 8 | Professional, Scientific, and Technical Services | 16 | 5.1% |
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* | 47 | $30.5M | $240K | 1 | — | 48 | 657 |
| FY2025 | 82 | $27.4M | $125K | 4 | $6.3M | 86 | 715 |
| FY2024 | 73 | $24.9M | $115K | 5 | $10.0M | 78 | 766 |
| FY2023 | 57 | $15.1M | $85K | 2 | — | 59 | 415 |
| FY2022 | 37 | $21.2M | $150K | 8 | $8.4M | 45 | 900 |
| FY2021 | 43 | $24.1M | $213K | 4 | $2.2M | 47 | 573 |
| FY2020 | 42 | $17.0M | $150K | 3 | $1.4M | 45 | 500 |
| FY2019 | 53 | $24.2M | $150K | 0 | — | 53 | 558 |
| FY2018 | 71 | $27.7M | $120K | 1 | — | 72 | 819 |
| FY2017 | 67 | $21.2M | $100K | 1 | — | 68 | 703 |
| FY2016 | 50 | $13.5M | $62K | 1 | — | 51 | 325 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 289 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Gloucester County | New Jersey | United States |
|---|---|---|---|
| Approvals | 315 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 50.0 | 46.8 | 41.0 |
| Median 7(a) approval | $149K | $150K | $190K |
| Median 504 approval | $1.0M | $952K | $657K |
| Average approval | $458K | $508K | $573K |
| 504 share of approvals | 7.3% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 9.2 | 10.5 |
| Share of state approvals | 2.8% | 100.0% | — |
Approval sizes
- $50,000 or less32.1%101
- $50,001 to $150,00018.1%57
- $150,001 to $350,00016.8%53
- $350,001 to $1 million19.7%62
- $1 million to $2 million8.6%27
- Over $2 million4.8%15
Age of the businesses
- Existing, more than 2 years old57.5%181
- New business, 2 years or less20.6%65
- Startup, loan funds will open the business15.6%49
- Change of ownership6.3%20
Questions and answers
Which lenders make the most SBA loans in Gloucester County?
By approvals in FY2021 to FY2025: TD Bank, National Association (104), Fulton Bank, National Association (22), Trenton Business Assistance Corporation (20), Wilmington Savings Fund Society FSB (20), Northeast Bank (12). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Gloucester County?
The median 7(a) approval was $149K and the median 504 approval $1.0M; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Gloucester County?
Restaurants and Other Eating Places (28); Building Equipment Contractors (18); Residential Building Construction (16); Services to Buildings and Dwellings (15); Other Specialty Trade Contractors (14).
Is SBA lending in Gloucester County rising?
Approvals in the three latest complete fiscal years total 223, against 137 in the three before: rising (+63%).
How does Gloucester County compare with the rest of New Jersey?
50.0 approvals per 1,000 establishments against 46.8 statewide, and 315 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