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County5th of 21 in New Jersey by approvalsFIPS 34025
SBA loans in Monmouth 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 878 loans to businesses in Monmouth County, New Jersey, in FY2021 to FY2025, worth $534M: 822 under 7(a) and 56 under 504.
That is 44.2 approvals per 1,000 business establishments (19,883 establishments in 2023), close to the New Jersey figure of 46.8 and close to the national 41.0.
It ranks 5th of 21 New Jersey counties with approvals. In FY2025 there were 254, up 27% on FY2024.
90 lenders had approvals here; the most active were TD Bank, National Association (186), Manufacturers and Traders Trust Company (74) and Trenton Business Assistance Corporation (42). 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 Monmouth County
By number of approvals to businesses in the county, FY2021–FY2025; 90 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 186 | $25.8M | 21.2% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 74 | $9.9M | 8.4% | |
| 3 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 42 | $90.0M | 4.8% | |
| 4 | Northeast BankLewiston, ME | 39 | $6.7M | 4.4% | |
| 5 | The Huntington National BankColumbus, OH | 35 | $15.9M | 4.0% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 31 | $7.3M | 3.5% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 30 | $44.0M | 3.4% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 26 | $13.5M | 3.0% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 24 | $8.7M | 2.7% | |
| 10 | Provident BankJersey City, NJ | 23 | $23.2M | 2.6% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 23 | $11.0M | 2.6% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 22 | $5.2M | 2.5% | |
| 13 | Magyar BankNew Brunswick, NJ | 16 | $13.1M | 1.8% | |
| 14 | Hanover Community BankMineola, NY | 14 | $8.5M | 1.6% | |
| 15 | Santander Bank, National AssociationWilmington, DE | 13 | $857K | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 70 | 8.0% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 48 | 5.5% | |
| 3 | Personal Care ServicesNAICS 8121 | 47 | 5.4% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 38 | 4.3% | |
| 5 | Residential Building ConstructionNAICS 2361 | 35 | 4.0% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 29 | 3.3% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 24 | 2.7% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 20 | 2.3% | |
| 9 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 20 | 2.3% | |
| 10 | General Freight TruckingNAICS 4841 | 20 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 132 | 15.0% | |
| 2 | Retail Trade | 98 | 11.2% | |
| 3 | Professional, Scientific, and Technical Services | 95 | 10.8% | |
| 4 | Health Care and Social Assistance | 86 | 9.8% | |
| 5 | Accommodation and Food Services | 85 | 9.7% | |
| 6 | Other Services (except Public Administration) | 82 | 9.3% | |
| 7 | Manufacturing | 49 | 5.6% | |
| 8 | Wholesale Trade | 47 | 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* | 105 | $52.8M | $225K | 7 | $10.0M | 112 | 972 |
| FY2025 | 243 | $107M | $150K | 11 | $24.5M | 254 | 1,974 |
| FY2024 | 193 | $97.9M | $200K | 7 | $21.9M | 200 | 2,155 |
| FY2023 | 171 | $85.5M | $128K | 6 | $15.9M | 177 | 1,837 |
| FY2022 | 111 | $65.7M | $175K | 18 | $23.4M | 129 | 1,356 |
| FY2021 | 104 | $73.3M | $367K | 14 | $19.6M | 118 | 1,271 |
| FY2020 | 80 | $31.8M | $250K | 7 | $9.4M | 87 | 937 |
| FY2019 | 142 | $60.0M | $100K | 12 | $12.1M | 154 | 1,342 |
| FY2018 | 175 | $69.0M | $90K | 10 | $11.4M | 185 | 1,737 |
| FY2017 | 193 | $50.6M | $95K | 9 | $6.0M | 202 | 1,784 |
| FY2016 | 133 | $58.5M | $200K | 6 | $10.3M | 139 | 1,330 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 767 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Monmouth County | New Jersey | United States |
|---|---|---|---|
| Approvals | 878 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 44.2 | 46.8 | 41.0 |
| Median 7(a) approval | $200K | $150K | $190K |
| Median 504 approval | $1.3M | $952K | $657K |
| Average approval | $609K | $508K | $573K |
| 504 share of approvals | 6.4% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 9.8 | 9.2 | 10.5 |
| Share of state approvals | 7.9% | 100.0% | — |
Approval sizes
- $50,000 or less22.8%200
- $50,001 to $150,00021.5%189
- $150,001 to $350,00020.2%177
- $350,001 to $1 million19.2%169
- $1 million to $2 million7.3%64
- Over $2 million9.0%79
Age of the businesses
- Existing, more than 2 years old62.4%548
- New business, 2 years or less16.9%148
- Startup, loan funds will open the business12.9%113
- Change of ownership7.7%68
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Monmouth County?
By approvals in FY2021 to FY2025: TD Bank, National Association (186), Manufacturers and Traders Trust Company (74), Trenton Business Assistance Corporation (42), Northeast Bank (39), The Huntington National Bank (35). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Monmouth County?
The median 7(a) approval was $200K and the median 504 approval $1.3M; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Monmouth County?
Restaurants and Other Eating Places (70); Building Equipment Contractors (48); Personal Care Services (47); Other Amusement and Recreation Industries (38); Residential Building Construction (35).
Is SBA lending in Monmouth County rising?
Approvals in the three latest complete fiscal years total 631, against 334 in the three before: rising (+89%).
How does Monmouth County compare with the rest of New Jersey?
44.2 approvals per 1,000 establishments against 46.8 statewide, and 878 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