States › New Jersey › Sussex County
County18th of 21 in New Jersey by approvalsFIPS 34037
SBA loans in Sussex 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 139 loans to businesses in Sussex County, New Jersey, in FY2021 to FY2025, worth $79.3M: 133 under 7(a) and 6 under 504.
That is 43.7 approvals per 1,000 business establishments (3,184 establishments in 2023), close to the New Jersey figure of 46.8 and close to the national 41.0.
It ranks 18th of 21 New Jersey counties with approvals. In FY2025 there were 39, up 18% on FY2024.
38 lenders had approvals here; the most active were TD Bank, National Association (23), Provident Bank (15) and Beacon Bank and Trust (8). 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 Sussex County
By number of approvals to businesses in the county, FY2021–FY2025; 38 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 23 | $1.8M | 16.5% | |
| 2 | Provident BankJersey City, NJ | 15 | $17.2M | 10.8% | |
| 3 | Beacon Bank and TrustBrookline, MA | 8 | $8.9M | 5.8% | |
| 4 | The Huntington National BankColumbus, OH | 7 | $3.3M | 5.0% | |
| 5 | Northeast BankLewiston, ME | 7 | $1.2M | 5.0% | |
| 6 | Manufacturers and Traders Trust CompanyBuffalo, NY | 7 | $392K | 5.0% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 6 | $9.1M | 4.3% | |
| 8 | Meridian BankMalvern, PA | 5 | $5.4M | 3.6% | |
| 9 | Peapack Private Bank and TrustBedminster, NJ | 5 | $4.0M | 3.6% | |
| 10 | Wilmington Savings Fund Society FSBWilmington, DE | 5 | $3.3M | 3.6% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $206K | 3.6% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 4 | $120K | 2.9% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 3 | $2.5M | 2.2% | |
| 14 | Empire State Certified Development CorporationLatham, NY · CDC | 3 | $2.3M | 2.2% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $655K | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 7.9% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 7.9% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 8 | 5.8% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 5.0% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 4.3% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 6 | 4.3% | |
| 7 | Personal Care ServicesNAICS 8121 | 5 | 3.6% | |
| 8 | General Freight TruckingNAICS 4841 | 5 | 3.6% | |
| 9 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 3 | 2.2% | |
| 10 | Child Day Care ServicesNAICS 6244 | 3 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 26 | 18.7% | |
| 2 | Construction | 22 | 15.8% | |
| 3 | Other Services (except Public Administration) | 19 | 13.7% | |
| 4 | Accommodation and Food Services | 14 | 10.1% | |
| 5 | Manufacturing | 10 | 7.2% | |
| 6 | Health Care and Social Assistance | 8 | 5.8% | |
| 7 | Professional, Scientific, and Technical Services | 8 | 5.8% | |
| 8 | Wholesale Trade | 6 | 4.3% |
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* | 15 | $6.0M | $100K | 0 | — | 15 | 69 |
| FY2025 | 37 | $15.8M | $150K | 2 | — | 39 | 208 |
| FY2024 | 32 | $16.5M | $205K | 1 | — | 33 | 215 |
| FY2023 | 29 | $18.6M | $100K | 1 | — | 30 | 182 |
| FY2022 | 12 | $5.4M | $252K | 1 | — | 13 | 112 |
| FY2021 | 23 | $19.4M | $431K | 1 | — | 24 | 243 |
| FY2020 | 13 | $6.4M | $50K | 1 | — | 14 | 148 |
| FY2019 | 16 | $11.8M | $200K | 0 | — | 16 | 145 |
| FY2018 | 17 | $11.3M | $150K | 2 | — | 19 | 112 |
| FY2017 | 12 | $2.6M | $130K | 1 | — | 13 | 80 |
| FY2016 | 16 | $3.7M | $70K | 0 | — | 16 | 138 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 78 approvals.
Against New Jersey and the country
| FY2021–FY2025 | Sussex County | New Jersey | United States |
|---|---|---|---|
| Approvals | 139 | 11,132 | 342,825 |
| Approvals per 1,000 establishments | 43.7 | 46.8 | 41.0 |
| Median 7(a) approval | $200K | $150K | $190K |
| Median 504 approval | $520K | $952K | $657K |
| Average approval | $571K | $508K | $573K |
| 504 share of approvals | 4.3% | 4.9% | 11.0% |
| Jobs supported per approval, as reported | 6.9 | 9.2 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less25.9%36
- $50,001 to $150,00017.3%24
- $150,001 to $350,00018.0%25
- $350,001 to $1 million20.1%28
- $1 million to $2 million12.2%17
- Over $2 million6.5%9
Age of the businesses
- Existing, more than 2 years old53.2%74
- New business, 2 years or less22.3%31
- Startup, loan funds will open the business15.1%21
- Change of ownership8.6%12
- Not answered0.7%1
Questions and answers
Which lenders make the most SBA loans in Sussex County?
By approvals in FY2021 to FY2025: TD Bank, National Association (23), Provident Bank (15), Beacon Bank and Trust (8), The Huntington National Bank (7), Northeast Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sussex County?
The median 7(a) approval was $200K and the median 504 approval $520K; the New Jersey 7(a) median was $150K.
Which industries get the most SBA loans in Sussex County?
Restaurants and Other Eating Places (11); Automotive Repair and Maintenance (11); Building Equipment Contractors (8); Other Specialty Trade Contractors (7); Other Amusement and Recreation Industries (6).
Is SBA lending in Sussex County rising?
Approvals in the three latest complete fiscal years total 102, against 51 in the three before: rising (+100%).
How does Sussex County compare with the rest of New Jersey?
43.7 approvals per 1,000 establishments against 46.8 statewide, and 139 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