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County2nd of 21 in New Jersey by approvalsFIPS 34023
SBA loans in Middlesex 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 968 loans to businesses in Middlesex County, New Jersey, in FY2021 to FY2025, worth $526M: 926 under 7(a) and 42 under 504.
That is 43.4 approvals per 1,000 business establishments (22,314 establishments in 2023), close to the New Jersey figure of 46.8 and close to the national 41.0.
It ranks 2nd of 21 New Jersey counties with approvals. In FY2025 there were 243, up 8% on FY2024.
101 lenders had approvals here; the most active were TD Bank, National Association (218), Manufacturers and Traders Trust Company (64) and Northeast Bank (64). 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 Middlesex County
By number of approvals to businesses in the county, FY2021–FY2025; 101 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 218 | $30.1M | 22.5% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 64 | $9.9M | 6.6% | |
| 3 | Northeast BankLewiston, ME | 64 | $7.9M | 6.6% | |
| 4 | The Huntington National BankColumbus, OH | 41 | $20.2M | 4.2% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 35 | $6.0M | 3.6% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 33 | $23.6M | 3.4% | |
| 7 | JPMorgan Chase Bank, National AssociationColumbus, OH | 28 | $8.2M | 2.9% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 25 | $8.1M | 2.6% | |
| 9 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 24 | $36.4M | 2.5% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 24 | $4.9M | 2.5% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 24 | $3.6M | 2.5% | |
| 12 | Empire State Certified Development CorporationLatham, NY · CDC | 18 | $37.3M | 1.9% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 17 | $24.2M | 1.8% | |
| 14 | Fulton Bank, National AssociationLancaster, PA | 17 | $19.1M | 1.8% | |
| 15 | Magyar BankNew Brunswick, NJ | 16 | $11.8M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 99 | 10.2% | |
| 2 | General Freight TruckingNAICS 4841 | 69 | 7.1% | |
| 3 | Computer Systems Design and Related ServicesNAICS 5415 | 60 | 6.2% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 31 | 3.2% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 29 | 3.0% | |
| 6 | Residential Building ConstructionNAICS 2361 | 29 | 3.0% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 27 | 2.8% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 25 | 2.6% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 23 | 2.4% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 22 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 134 | 13.8% | |
| 2 | Accommodation and Food Services | 119 | 12.3% | |
| 3 | Retail Trade | 114 | 11.8% | |
| 4 | Transportation and Warehousing | 106 | 11.0% | |
| 5 | Health Care and Social Assistance | 90 | 9.3% | |
| 6 | Construction | 81 | 8.4% | |
| 7 | Wholesale Trade | 72 | 7.4% | |
| 8 | Other Services (except Public Administration) | 67 | 6.9% |
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* | 111 | $48.4M | $250K | 4 | $5.5M | 115 | 949 |
| FY2025 | 234 | $117M | $215K | 9 | $20.4M | 243 | 3,314 |
| FY2024 | 220 | $84.2M | $150K | 5 | $5.9M | 225 | 2,826 |
| FY2023 | 199 | $101M | $150K | 6 | $7.9M | 205 | 1,968 |
| FY2022 | 147 | $57.3M | $100K | 8 | $19.3M | 155 | 1,511 |
| FY2021 | 126 | $92.3M | $350K | 14 | $20.3M | 140 | 1,769 |
| FY2020 | 107 | $75.1M | $250K | 24 | $58.1M | 131 | 1,648 |
| FY2019 | 175 | $75.4M | $128K | 4 | $1.7M | 179 | 1,261 |
| FY2018 | 187 | $81.8M | $100K | 12 | $22.6M | 199 | 1,831 |
| FY2017 | 189 | $65.7M | $100K | 11 | $16.7M | 200 | 2,088 |
| FY2016 | 147 | $69.4M | $150K | 14 | $25.4M | 161 | 1,924 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 870 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Middlesex County | New Jersey | United States |
|---|---|---|---|
| Approvals | 968 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 43.4 | 46.8 | 41.0 |
| Median 7(a) approval | $175K | $150K | $190K |
| Median 504 approval | $1.2M | $952K | $657K |
| Average approval | $543K | $508K | $573K |
| 504 share of approvals | 4.3% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 11.8 | 9.2 | 10.5 |
| Share of state approvals | 8.7% | 100.0% | — |
Approval sizes
- $50,000 or less27.7%268
- $50,001 to $150,00019.4%188
- $150,001 to $350,00018.0%174
- $350,001 to $1 million19.5%189
- $1 million to $2 million9.0%87
- Over $2 million6.4%62
Age of the businesses
- Existing, more than 2 years old64.0%620
- New business, 2 years or less18.7%181
- Startup, loan funds will open the business11.8%114
- Change of ownership5.4%52
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Middlesex County?
By approvals in FY2021 to FY2025: TD Bank, National Association (218), Manufacturers and Traders Trust Company (64), Northeast Bank (64), The Huntington National Bank (41), Wells Fargo Bank National Association (35). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Middlesex County?
The median 7(a) approval was $175K and the median 504 approval $1.2M; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Middlesex County?
Restaurants and Other Eating Places (99); General Freight Trucking (69); Computer Systems Design and Related Services (60); Offices of Other Health Practitioners (31); Beer, Wine, and Liquor Stores (29).
Is SBA lending in Middlesex County rising?
Approvals in the three latest complete fiscal years total 673, against 426 in the three before: rising (+58%).
How does Middlesex County compare with the rest of New Jersey?
43.4 approvals per 1,000 establishments against 46.8 statewide, and 968 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