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County13th of 21 in New Jersey by approvalsFIPS 34021
SBA loans in Mercer 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.
Businesses in Mercer County, New Jersey, received 386 SBA loan approvals worth $223M in FY2021 to FY2025 (366 7(a), 20 504).
That is 39.9 approvals per 1,000 business establishments (9,683 establishments in 2023), close to the New Jersey figure of 46.8 and close to the national 41.0.
It ranks 13th of 21 New Jersey counties with approvals. In FY2025 there were 96, up 32% on FY2024.
69 lenders had approvals here; the most active were TD Bank, National Association (60), Manufacturers and Traders Trust Company (23) and The Huntington National Bank (21). 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 Mercer County
By number of approvals to businesses in the county, FY2021–FY2025; 69 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 60 | $6.5M | 15.5% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 23 | $1.3M | 6.0% | |
| 3 | The Huntington National BankColumbus, OH | 21 | $9.0M | 5.4% | |
| 4 | Fulton Bank, National AssociationLancaster, PA | 20 | $30.4M | 5.2% | |
| 5 | PNC Bank, National AssociationWilmington, DE | 17 | $7.9M | 4.4% | |
| 6 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 16 | $28.5M | 4.1% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 16 | $20.2M | 4.1% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 15 | $2.3M | 3.9% | |
| 9 | Northeast BankLewiston, ME | 14 | $2.8M | 3.6% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 11 | $6.2M | 2.8% | |
| 11 | Trenton Business Assistance CorporationPrinceton, NJ | 10 | $1.2M | 2.6% | |
| 12 | Wilmington Savings Fund Society FSBWilmington, DE | 9 | $5.1M | 2.3% | |
| 13 | First BankHamilton, NJ | 8 | $10.0M | 2.1% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 8 | $934K | 2.1% | |
| 15 | Meridian BankMalvern, PA | 7 | $8.1M | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 45 | 11.7% | |
| 2 | Computer Systems Design and Related ServicesNAICS 5415 | 17 | 4.4% | |
| 3 | Child Day Care ServicesNAICS 6244 | 16 | 4.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 16 | 4.1% | |
| 5 | General Freight TruckingNAICS 4841 | 15 | 3.9% | |
| 6 | Personal Care ServicesNAICS 8121 | 15 | 3.9% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 14 | 3.6% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 12 | 3.1% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 10 | 2.6% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 10 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 61 | 15.8% | |
| 2 | Accommodation and Food Services | 52 | 13.5% | |
| 3 | Professional, Scientific, and Technical Services | 50 | 13.0% | |
| 4 | Retail Trade | 49 | 12.7% | |
| 5 | Other Services (except Public Administration) | 33 | 8.5% | |
| 6 | Construction | 27 | 7.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 25 | 6.5% | |
| 8 | Transportation and Warehousing | 21 | 5.4% |
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* | 54 | $46.9M | $350K | 3 | $11.6M | 57 | 559 |
| FY2025 | 94 | $42.5M | $244K | 2 | — | 96 | 1,087 |
| FY2024 | 72 | $29.0M | $153K | 1 | — | 73 | 564 |
| FY2023 | 74 | $33.5M | $197K | 6 | $9.6M | 80 | 976 |
| FY2022 | 59 | $30.3M | $200K | 7 | $12.5M | 66 | 870 |
| FY2021 | 67 | $54.4M | $415K | 4 | $6.7M | 71 | 1,020 |
| FY2020 | 36 | $17.0M | $135K | 2 | — | 38 | 274 |
| FY2019 | 61 | $22.8M | $180K | 2 | — | 63 | 382 |
| FY2018 | 104 | $38.1M | $100K | 0 | — | 104 | 909 |
| FY2017 | 77 | $36.0M | $132K | 2 | — | 79 | 930 |
| FY2016 | 80 | $28.0M | $133K | 1 | — | 81 | 609 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 365 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Mercer County | New Jersey | United States |
|---|---|---|---|
| Approvals | 386 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 39.9 | 46.8 | 41.0 |
| Median 7(a) approval | $250K | $150K | $190K |
| Median 504 approval | $1.3M | $952K | $657K |
| Average approval | $579K | $508K | $573K |
| 504 share of approvals | 5.2% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 11.7 | 9.2 | 10.5 |
| Share of state approvals | 3.5% | 100.0% | — |
Approval sizes
- $50,000 or less22.3%86
- $50,001 to $150,00018.1%70
- $150,001 to $350,00020.2%78
- $350,001 to $1 million23.8%92
- $1 million to $2 million8.3%32
- Over $2 million7.3%28
Age of the businesses
- Existing, more than 2 years old54.7%211
- New business, 2 years or less18.1%70
- Startup, loan funds will open the business16.6%64
- Change of ownership10.6%41
Questions and answers
Which lenders make the most SBA loans in Mercer County?
By approvals in FY2021 to FY2025: TD Bank, National Association (60), Manufacturers and Traders Trust Company (23), The Huntington National Bank (21), Fulton Bank, National Association (20), PNC Bank, National Association (17). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Mercer County?
The median 7(a) approval was $250K and the median 504 approval $1.3M; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Mercer County?
Restaurants and Other Eating Places (45); Computer Systems Design and Related Services (17); Child Day Care Services (16); Offices of Other Health Practitioners (16); General Freight Trucking (15).
Is SBA lending in Mercer County rising?
Approvals in the three latest complete fiscal years total 249, against 175 in the three before: rising (+42%).
How does Mercer County compare with the rest of New Jersey?
39.9 approvals per 1,000 establishments against 46.8 statewide, and 386 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