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County7th of 21 in New Jersey by approvalsFIPS 34017
SBA loans in Hudson 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 712 loans to businesses in Hudson County, New Jersey, in FY2021 to FY2025, worth $272M: 686 under 7(a) and 26 under 504.
That is 50.4 approvals per 1,000 business establishments (14,119 establishments in 2023), close to the New Jersey figure of 46.8 and above the national 41.0.
It ranks 7th of 21 New Jersey counties with approvals. In FY2025 there were 194, up 9% on FY2024.
78 lenders had approvals here; the most active were TD Bank, National Association (168), Manufacturers and Traders Trust Company (95) and Newtek Bank, National Association (46). 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 Hudson County
By number of approvals to businesses in the county, FY2021–FY2025; 78 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 168 | $25.2M | 23.6% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 95 | $6.7M | 13.3% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 46 | $20.8M | 6.5% | |
| 4 | Northeast BankLewiston, ME | 40 | $5.6M | 5.6% | |
| 5 | The Huntington National BankColumbus, OH | 35 | $15.1M | 4.9% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 23 | $4.6M | 3.2% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 21 | $3.8M | 2.9% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 20 | $2.7M | 2.8% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 18 | $4.9M | 2.5% | |
| 10 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 15 | $17.1M | 2.1% | |
| 11 | Newtek Small Business Finance, Inc.Lake Success, NY | 15 | $7.2M | 2.1% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 13 | $4.8M | 1.8% | |
| 13 | NewBankFlushing, NY | 12 | $10.8M | 1.7% | |
| 14 | Provident BankJersey City, NJ | 12 | $9.3M | 1.7% | |
| 15 | New Millennium BankFort Lee, NJ | 10 | $3.6M | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 70 | 9.8% | |
| 2 | General Freight TruckingNAICS 4841 | 41 | 5.8% | |
| 3 | Residential Building ConstructionNAICS 2361 | 26 | 3.7% | |
| 4 | Beer, Wine, and Liquor StoresNAICS 4453 | 25 | 3.5% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 24 | 3.4% | |
| 6 | Other Personal ServicesNAICS 8129 | 18 | 2.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 17 | 2.4% | |
| 8 | Personal Care ServicesNAICS 8121 | 17 | 2.4% | |
| 9 | Child Day Care ServicesNAICS 6244 | 16 | 2.2% | |
| 10 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 16 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 113 | 15.9% | |
| 2 | Accommodation and Food Services | 86 | 12.1% | |
| 3 | Professional, Scientific, and Technical Services | 77 | 10.8% | |
| 4 | Transportation and Warehousing | 62 | 8.7% | |
| 5 | Other Services (except Public Administration) | 59 | 8.3% | |
| 6 | Construction | 59 | 8.3% | |
| 7 | Wholesale Trade | 50 | 7.0% | |
| 8 | Health Care and Social Assistance | 48 | 6.7% |
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* | 89 | $31.4M | $150K | 3 | $8.2M | 92 | 1,007 |
| FY2025 | 190 | $63.5M | $101K | 4 | $2.4M | 194 | 1,227 |
| FY2024 | 173 | $47.9M | $105K | 5 | $4.6M | 178 | 1,354 |
| FY2023 | 132 | $45.1M | $150K | 5 | $7.9M | 137 | 999 |
| FY2022 | 102 | $41.1M | $100K | 5 | $5.9M | 107 | 687 |
| FY2021 | 89 | $38.2M | $150K | 7 | $15.9M | 96 | 889 |
| FY2020 | 66 | $21.6M | $145K | 4 | $11.3M | 70 | 609 |
| FY2019 | 95 | $34.6M | $100K | 5 | $6.7M | 100 | 679 |
| FY2018 | 108 | $37.8M | $150K | 3 | $2.1M | 111 | 1,112 |
| FY2017 | 119 | $35.9M | $100K | 8 | $15.5M | 127 | 925 |
| FY2016 | 107 | $36.9M | $150K | 2 | — | 109 | 999 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 517 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Hudson County | New Jersey | United States |
|---|---|---|---|
| Approvals | 712 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 50.4 | 46.8 | 41.0 |
| Median 7(a) approval | $120K | $150K | $190K |
| Median 504 approval | $820K | $952K | $657K |
| Average approval | $383K | $508K | $573K |
| 504 share of approvals | 3.7% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 7.2 | 9.2 | 10.5 |
| Share of state approvals | 6.4% | 100.0% | — |
Approval sizes
- $50,000 or less32.0%228
- $50,001 to $150,00025.4%181
- $150,001 to $350,00015.6%111
- $350,001 to $1 million17.7%126
- $1 million to $2 million5.9%42
- Over $2 million3.4%24
Age of the businesses
- Existing, more than 2 years old66.7%475
- New business, 2 years or less18.1%129
- Startup, loan funds will open the business11.0%78
- Change of ownership4.2%30
Questions and answers
Which lenders make the most SBA loans in Hudson County?
By approvals in FY2021 to FY2025: TD Bank, National Association (168), Manufacturers and Traders Trust Company (95), Newtek Bank, National Association (46), Northeast Bank (40), The Huntington National Bank (35). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hudson County?
The median 7(a) approval was $120K and the median 504 approval $820K; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Hudson County?
Restaurants and Other Eating Places (70); General Freight Trucking (41); Residential Building Construction (26); Beer, Wine, and Liquor Stores (25); Management, Scientific, and Technical Consulting Services (24).
Is SBA lending in Hudson County rising?
Approvals in the three latest complete fiscal years total 509, against 273 in the three before: rising (+86%).
How does Hudson County compare with the rest of New Jersey?
50.4 approvals per 1,000 establishments against 46.8 statewide, and 712 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