Lenders › Peapack Private Bank and Trust
7(a) lenderBedminster, New JerseyFDIC-insured bank171st of 2,184 by approvals
Peapack Private Bank and Trust
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 222 7(a) loans, worth $278M, through Peapack Private Bank and Trust of Bedminster, New Jersey, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 171st among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 39 approvals totalling $36.9M, up 26% on FY2024 (31). FY2026 to 30 Jun 2026 adds 11 more.
The median approval was $725K, against $190K for the 7(a) program as a whole; 6.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 9 states and territories and 56 counties, led by New Jersey (57.7%), New York (26.1%) and Pennsylvania (9.0%). The largest industry group was accommodation and food services at 27.9% of approvals, and 20.7% of approvals were to franchise businesses.
Of 185 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.1%), 115 as paid in full and 68 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 11 | $10.4M | $943K | $945K | 131 |
| FY2025 | 39 | $36.9M | $625K | $946K | 575 |
| FY2024 | 31 | $30.1M | $620K | $971K | 388 |
| FY2023 | 41 | $43.7M | $700K | $1.1M | 611 |
| FY2022 | 25 | $38.3M | $921K | $1.5M | 339 |
| FY2021 | 86 | $129M | $868K | $1.5M | 1,295 |
| FY2020 | 28 | $30.2M | $525K | $1.1M | 301 |
| FY2019 | 38 | $33.7M | $475K | $887K | 326 |
| FY2018 | 30 | $30.4M | $410K | $1.0M | 382 |
| FY2017 | 24 | $22.7M | $908K | $946K | 148 |
| FY2016 | 17 | $8.0M | $300K | $469K | 135 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 137 approvals. First approval on file: FY2014.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New Jersey | 7(a) program |
|---|---|---|---|
| Approvals in these years | 225 | 17,926 | 639,905 |
| Cancelled or never disbursed | 40 | 2,711 | 79,313 |
| Disbursed loans | 185 | 15,215 | 560,592 |
| Paid in full | 115 | 11,117 | 435,813 |
| Charged off | 2 | 1,263 | 36,891 |
| Still outstanding (status exempt from disclosure) | 68 | 2,835 | 87,888 |
| Charged off, share of disbursed loans | 1.1% | 8.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.2% | 2.6% | 2.5% |
| Dollars charged off | $337K | $172M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 66 | 30 | 0 | 0.0% | 2.8% |
| FY2020 | 25 | 14 | 0 | — | 4.0% |
| FY2019 | 31 | 19 | 2 | 6.5% | 6.7% |
| FY2018 | 26 | 19 | 0 | — | 7.9% |
| FY2017 | 20 | 16 | 0 | — | 7.7% |
| FY2016 | 16 | 16 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $725K | $190K |
| Average approval | $1.3M | $518K |
| Approvals of $150,000 or less | 6.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 22.1% | 34.3% |
| Approvals to franchise businesses | 20.7% | 11.5% |
| Jobs supported per approval, as reported | 14.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.1% | 6.6% |
States served
| # | State of the business (9 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Jersey | 128 | $134M | 57.7% | |
| 2 | New York | 58 | $78.2M | 26.1% | |
| 3 | Pennsylvania | 20 | $35.3M | 9.0% | |
| 4 | Florida | 5 | $7.6M | 2.3% | |
| 5 | Connecticut | 4 | $4.8M | 1.8% | |
| 6 | California | 3 | $6.0M | 1.4% | |
| 7 | Virginia | 2 | — | 0.9% | |
| 8 | South Carolina | 1 | — | 0.5% | |
| 9 | Texas | 1 | — | 0.5% |
In New Jersey the lender accounts for 1.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (56 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York County, NY | 17 | $24.4M | 7.7% | |
| 2 | Morris County, NJ | 16 | $11.9M | 7.2% | |
| 3 | Middlesex County, NJ | 15 | $19.4M | 6.8% | |
| 4 | Essex County, NJ | 15 | $10.6M | 6.8% | |
| 5 | Ocean County, NJ | 9 | $9.3M | 4.1% | |
| 6 | Monmouth County, NJ | 9 | $8.8M | 4.1% | |
| 7 | Burlington County, NJ | 8 | $16.2M | 3.6% | |
| 8 | Westchester County, NY | 8 | $5.4M | 3.6% | |
| 9 | Somerset County, NJ | 7 | $11.4M | 3.2% | |
| 10 | Suffolk County, NY | 7 | $10.8M | 3.2% | |
| 11 | Camden County, NJ | 7 | $9.7M | 3.2% | |
| 12 | Passaic County, NJ | 6 | $9.0M | 2.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 62 | 27.9% | |
| 2 | Retail Trade | 61 | 27.5% | |
| 3 | Health Care and Social Assistance | 15 | 6.8% | |
| 4 | Construction | 15 | 6.8% | |
| 5 | Other Services (except Public Administration) | 14 | 6.3% | |
| 6 | Manufacturing | 11 | 5.0% | |
| 7 | Professional, Scientific, and Technical Services | 9 | 4.1% | |
| 8 | Wholesale Trade | 9 | 4.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor StoresNAICS 4453 | 44 | 19.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 37 | 16.7% | |
| 3 | Traveler AccommodationNAICS 7211 | 21 | 9.5% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 4.5% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 10 | 4.5% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 10 | 4.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 3.2% | |
| 8 | Grocery StoresNAICS 4451 | 6 | 2.7% | |
| 9 | Legal ServicesNAICS 5411 | 5 | 2.3% | |
| 10 | Beer, Wine, and Distilled Alcoholic Beverage Merchant WholesalersNAICS 4248 | 4 | 1.8% |
Approval sizes
- $50,000 or less2.3%5
- $50,001 to $150,0004.5%10
- $150,001 to $350,00018.0%40
- $350,001 to $1 million36.9%82
- $1 million to $2 million20.3%45
- Over $2 million18.0%40
Loan terms
- 5 years or less0.5%1
- Over 5 to 10 years54.5%121
- Over 10 to 20 years9.9%22
- Over 20 years35.1%78
Age of the businesses
- Existing, more than 2 years old38.3%85
- New business, 2 years or less6.8%15
- Startup, loan funds will open the business15.3%34
- Change of ownership39.6%88
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 189 | 85.1% | |
| 2 | SBA Express Program | 32 | 14.4% | |
| 3 | 7a General | 1 | 0.5% |
Franchise share
46 of 222 approvals in FY2021–FY2025 (20.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Quality Inn | 5 | 2.3% | |
| 2 | Popeyes Louisiana Kitchen | 5 | 2.3% | |
| 3 | Red Roof Inn | 3 | 1.4% | |
| 4 | Hand and Stone Massage and Facial Spa | 3 | 1.4% | |
| 5 | Dunkin' | 3 | 1.4% | |
| 6 | The UPS Store | 3 | 1.4% | |
| 7 | Econo Lodge | 2 | 0.9% | |
| 8 | Powered by MHO Hotels | 2 | 0.9% |
Questions and answers
How many SBA loans does Peapack Private Bank and Trust make?
SBA approved 39 7(a) loans through Peapack Private Bank and Trust in FY2025, worth $36.9M, and 222 over FY2021 to FY2025. That ranks 171st of 2,184 active 7(a) lenders by number of approvals.
How large are Peapack Private Bank and Trust's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $725K and the average $1.3M. The program-wide median was $190K.
What is Peapack Private Bank and Trust's charge-off rate?
Of 185 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.1%), 115 as paid in full and 68 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Peapack Private Bank and Trust lend to most?
By number of approvals in FY2021 to FY2025: beer, wine, and liquor stores (44); restaurants and other eating places (37); traveler accommodation (21); automotive repair and maintenance (10).
Where does Peapack Private Bank and Trust make SBA loans?
In 9 states and territories. New Jersey 128, New York 58, Pennsylvania 20, Florida 5, Connecticut 4. In New Jersey it accounts for 1.2% of all 7(a) approvals.
Is Peapack Private Bank and Trust's SBA lending rising?
Approvals in the three latest complete fiscal years total 111, against 139 in the three before: falling (-20%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error