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County8th of 21 in New Jersey by approvalsFIPS 34027
SBA loans in Morris 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 Morris County, New Jersey, received 684 SBA loan approvals worth $353M in FY2021 to FY2025 (659 7(a), 25 504).
That is 41.4 approvals per 1,000 business establishments (16,518 establishments in 2023), close to the New Jersey figure of 46.8 and close to the national 41.0.
It ranks 8th of 21 New Jersey counties with approvals. In FY2025 there were 165, about level with FY2024.
81 lenders had approvals here; the most active were TD Bank, National Association (167), Manufacturers and Traders Trust Company (46) and Northeast Bank (33). 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 Morris County
By number of approvals to businesses in the county, FY2021–FY2025; 81 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 167 | $34.8M | 24.4% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 46 | $4.9M | 6.7% | |
| 3 | Northeast BankLewiston, ME | 33 | $5.2M | 4.8% | |
| 4 | JPMorgan Chase Bank, National AssociationColumbus, OH | 28 | $6.6M | 4.1% | |
| 5 | The Huntington National BankColumbus, OH | 26 | $6.2M | 3.8% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 25 | $4.8M | 3.7% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 21 | $25.2M | 3.1% | |
| 8 | Provident BankJersey City, NJ | 20 | $17.8M | 2.9% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 18 | $8.6M | 2.6% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 18 | $7.1M | 2.6% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 17 | $3.3M | 2.5% | |
| 12 | Peapack Private Bank and TrustBedminster, NJ | 16 | $11.9M | 2.3% | |
| 13 | Beacon Bank and TrustBrookline, MA | 15 | $23.3M | 2.2% | |
| 14 | PNC Bank, National AssociationWilmington, DE | 15 | $5.3M | 2.2% | |
| 15 | Wilmington Savings Fund Society FSBWilmington, DE | 13 | $8.1M | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 66 | 9.6% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 40 | 5.8% | |
| 3 | Personal Care ServicesNAICS 8121 | 33 | 4.8% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 32 | 4.7% | |
| 5 | Residential Building ConstructionNAICS 2361 | 32 | 4.7% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 22 | 3.2% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 20 | 2.9% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 19 | 2.8% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 16 | 2.3% | |
| 10 | General Freight TruckingNAICS 4841 | 15 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 96 | 14.0% | |
| 2 | Retail Trade | 89 | 13.0% | |
| 3 | Professional, Scientific, and Technical Services | 84 | 12.3% | |
| 4 | Other Services (except Public Administration) | 80 | 11.7% | |
| 5 | Accommodation and Food Services | 76 | 11.1% | |
| 6 | Health Care and Social Assistance | 58 | 8.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 55 | 8.0% | |
| 8 | Transportation and Warehousing | 33 | 4.8% |
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* | 92 | $57.5M | $250K | 5 | $14.3M | 97 | 873 |
| FY2025 | 162 | $74.8M | $200K | 3 | $3.8M | 165 | 1,234 |
| FY2024 | 156 | $56.8M | $150K | 2 | — | 158 | 1,576 |
| FY2023 | 130 | $53.9M | $150K | 5 | $4.4M | 135 | 1,062 |
| FY2022 | 86 | $43.0M | $140K | 7 | $8.7M | 93 | 1,011 |
| FY2021 | 125 | $97.5M | $350K | 8 | $8.7M | 133 | 1,990 |
| FY2020 | 96 | $61.0M | $350K | 3 | $2.1M | 99 | 1,304 |
| FY2019 | 140 | $38.4M | $100K | 7 | $8.7M | 147 | 1,203 |
| FY2018 | 150 | $55.2M | $88K | 7 | $4.0M | 157 | 1,026 |
| FY2017 | 119 | $39.6M | $100K | 4 | $1.2M | 123 | 891 |
| FY2016 | 93 | $52.5M | $150K | 4 | $6.3M | 97 | 1,199 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 623 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Morris County | New Jersey | United States |
|---|---|---|---|
| Approvals | 684 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 41.4 | 46.8 | 41.0 |
| Median 7(a) approval | $180K | $150K | $190K |
| Median 504 approval | $622K | $952K | $657K |
| Average approval | $516K | $508K | $573K |
| 504 share of approvals | 3.7% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 10.0 | 9.2 | 10.5 |
| Share of state approvals | 6.1% | 100.0% | — |
Approval sizes
- $50,000 or less25.1%172
- $50,001 to $150,00022.1%151
- $150,001 to $350,00017.8%122
- $350,001 to $1 million21.2%145
- $1 million to $2 million7.7%53
- Over $2 million6.0%41
Age of the businesses
- Existing, more than 2 years old61.3%419
- New business, 2 years or less18.0%123
- Startup, loan funds will open the business13.9%95
- Change of ownership6.9%47
Questions and answers
Which lenders make the most SBA loans in Morris County?
By approvals in FY2021 to FY2025: TD Bank, National Association (167), Manufacturers and Traders Trust Company (46), Northeast Bank (33), JPMorgan Chase Bank, National Association (28), The Huntington National Bank (26). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Morris County?
The median 7(a) approval was $180K and the median 504 approval $622K; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Morris County?
Restaurants and Other Eating Places (66); Services to Buildings and Dwellings (40); Personal Care Services (33); Building Equipment Contractors (32); Residential Building Construction (32).
Is SBA lending in Morris County rising?
Approvals in the three latest complete fiscal years total 458, against 325 in the three before: rising (+41%).
How does Morris County compare with the rest of New Jersey?
41.4 approvals per 1,000 establishments against 46.8 statewide, and 684 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