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County3rd of 21 in New Jersey by approvalsFIPS 34029
SBA loans in Ocean 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 Ocean County, New Jersey, received 905 SBA loan approvals worth $395M in FY2021 to FY2025 (856 7(a), 49 504).
That is 60.3 approvals per 1,000 business establishments (15,020 establishments in 2023), above the New Jersey figure of 46.8 and above the national 41.0.
It ranks 3rd of 21 New Jersey counties with approvals. In FY2025 there were 237, about level with FY2024.
80 lenders had approvals here; the most active were TD Bank, National Association (332), Manufacturers and Traders Trust Company (72) and JPMorgan Chase Bank, National Association (39). 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 Ocean County
By number of approvals to businesses in the county, FY2021–FY2025; 80 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 332 | $50.0M | 36.7% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 72 | $7.2M | 8.0% | |
| 3 | JPMorgan Chase Bank, National AssociationColumbus, OH | 39 | $6.7M | 4.3% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 38 | $14.0M | 4.2% | |
| 5 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 32 | $43.8M | 3.5% | |
| 6 | FinWise BankSandy, UT | 31 | $23.4M | 3.4% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 29 | $4.2M | 3.2% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 21 | $4.1M | 2.3% | |
| 9 | PNC Bank, National AssociationWilmington, DE | 19 | $6.0M | 2.1% | |
| 10 | The Huntington National BankColumbus, OH | 17 | $7.3M | 1.9% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 16 | $6.0M | 1.8% | |
| 12 | Empire State Certified Development CorporationLatham, NY · CDC | 15 | $18.0M | 1.7% | |
| 13 | Northeast BankLewiston, ME | 15 | $1.9M | 1.7% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 13 | $15.5M | 1.4% | |
| 15 | Santander Bank, National AssociationWilmington, DE | 13 | $902K | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 58 | 6.4% | |
| 2 | Residential Building ConstructionNAICS 2361 | 42 | 4.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 41 | 4.5% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 30 | 3.3% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 26 | 2.9% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 25 | 2.8% | |
| 7 | Electronic Shopping and Mail-Order HousesNAICS 4541 | 25 | 2.8% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 24 | 2.7% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 24 | 2.7% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 23 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 169 | 18.7% | |
| 2 | Construction | 164 | 18.1% | |
| 3 | Accommodation and Food Services | 75 | 8.3% | |
| 4 | Health Care and Social Assistance | 72 | 8.0% | |
| 5 | Other Services (except Public Administration) | 72 | 8.0% | |
| 6 | Wholesale Trade | 71 | 7.8% | |
| 7 | Professional, Scientific, and Technical Services | 67 | 7.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 51 | 5.6% |
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* | 123 | $57.2M | $150K | 2 | — | 125 | 1,182 |
| FY2025 | 227 | $83.2M | $150K | 10 | $18.7M | 237 | 1,266 |
| FY2024 | 213 | $57.5M | $100K | 9 | $8.8M | 222 | 1,156 |
| FY2023 | 195 | $80.2M | $140K | 4 | $3.0M | 199 | 2,032 |
| FY2022 | 129 | $52.0M | $100K | 12 | $10.9M | 141 | 866 |
| FY2021 | 92 | $59.6M | $350K | 14 | $21.1M | 106 | 1,432 |
| FY2020 | 85 | $61.6M | $200K | 8 | $9.2M | 93 | 653 |
| FY2019 | 126 | $38.2M | $75K | 6 | $8.8M | 132 | 807 |
| FY2018 | 167 | $46.2M | $63K | 4 | $2.8M | 171 | 1,071 |
| FY2017 | 141 | $39.1M | $75K | 7 | $1.9M | 148 | 833 |
| FY2016 | 114 | $45.8M | $100K | 3 | $2.2M | 117 | 922 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 661 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Ocean County | New Jersey | United States |
|---|---|---|---|
| Approvals | 905 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 60.3 | 46.8 | 41.0 |
| Median 7(a) approval | $148K | $150K | $190K |
| Median 504 approval | $841K | $952K | $657K |
| Average approval | $436K | $508K | $573K |
| 504 share of approvals | 5.4% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 9.2 | 10.5 |
| Share of state approvals | 8.1% | 100.0% | — |
Approval sizes
- $50,000 or less27.0%244
- $50,001 to $150,00026.4%239
- $150,001 to $350,00020.2%183
- $350,001 to $1 million14.9%135
- $1 million to $2 million6.4%58
- Over $2 million5.1%46
Age of the businesses
- Existing, more than 2 years old70.7%640
- New business, 2 years or less17.1%155
- Startup, loan funds will open the business6.4%58
- Change of ownership5.6%51
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Ocean County?
By approvals in FY2021 to FY2025: TD Bank, National Association (332), Manufacturers and Traders Trust Company (72), JPMorgan Chase Bank, National Association (39), Readycap Lending, LLC (38), Trenton Business Assistance Corporation (32). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Ocean County?
The median 7(a) approval was $148K and the median 504 approval $841K; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Ocean County?
Restaurants and Other Eating Places (58); Residential Building Construction (42); Building Equipment Contractors (41); Offices of Other Health Practitioners (30); Management, Scientific, and Technical Consulting Services (26).
Is SBA lending in Ocean County rising?
Approvals in the three latest complete fiscal years total 658, against 340 in the three before: rising (+94%).
How does Ocean County compare with the rest of New Jersey?
60.3 approvals per 1,000 establishments against 46.8 statewide, and 905 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