Lenders › Trenton Business Assistance Corporation
504 CDCPrinceton, New Jerseycertified development company20th of 182 by approvals
Trenton Business Assistance Corporation
SBA 504 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.
Trenton Business Assistance Corporation (Princeton, New Jersey) is a certified development company (CDC) that makes SBA 504 loans, 20th of 182 by approvals in FY2021 to FY2025: 504 loans worth $778M.
In FY2025, the latest complete fiscal year, it had 94 approvals totalling $167M, about level with FY2024 (88). FY2026 to 30 Jun 2026 adds 73 more.
The median approval was $1.1M, against $657K for the 504 program as a whole; 0.4% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 6 states and territories and 42 counties, led by New Jersey (63.9%), New York (29.6%) and Pennsylvania (6.0%). The largest industry group was retail trade at 17.5% of approvals, and 5.6% of approvals were to franchise businesses.
Of 578 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (0.7%), 233 as paid in full and 341 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to 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* | 73 | $144M | $1.5M | $2.0M | 879 |
| FY2025 | 94 | $167M | $1.2M | $1.8M | 1,160 |
| FY2024 | 88 | $132M | $942K | $1.5M | 1,195 |
| FY2023 | 71 | $114M | $1.3M | $1.6M | 1,157 |
| FY2022 | 124 | $172M | $1.0M | $1.4M | 1,796 |
| FY2021 | 127 | $193M | $1.0M | $1.5M | 1,650 |
| FY2020 | 71 | $119M | $1.0M | $1.7M | 1,172 |
| FY2019 | 70 | $84.1M | $660K | $1.2M | 896 |
| FY2018 | 52 | $76.5M | $793K | $1.5M | 893 |
| FY2017 | 61 | $60.5M | $534K | $993K | 653 |
| FY2016 | 51 | $69.2M | $841K | $1.4M | 797 |
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 305 approvals. First approval on file: FY2010.
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 | 504 program |
|---|---|---|---|
| Approvals in these years | 748 | 1,192 | 85,591 |
| Cancelled or never disbursed | 170 | 326 | 12,514 |
| Disbursed loans | 578 | 866 | 73,077 |
| Paid in full | 233 | 393 | 35,491 |
| Charged off | 4 | 13 | 905 |
| Still outstanding (status exempt from disclosure) | 341 | 460 | 36,681 |
| Charged off, share of disbursed loans | 0.7% | 1.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.9% | 1.1% | 0.9% |
| Dollars charged off | $6.0M | $10.3M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 106 | 10 | 0 | 0.0% | 0.1% |
| FY2020 | 50 | 9 | 0 | 0.0% | 0.1% |
| FY2019 | 51 | 9 | 0 | 0.0% | 0.3% |
| FY2018 | 36 | 8 | 0 | 0.0% | 0.4% |
| FY2017 | 48 | 19 | 0 | 0.0% | 0.8% |
| FY2016 | 43 | 19 | 0 | 0.0% | 1.0% |
| FY2015 | 19 | 12 | 0 | — | 1.2% |
| FY2014 | 26 | 15 | 1 | — | 1.3% |
| FY2013 | 55 | 38 | 1 | 1.8% | 1.4% |
| FY2012 | 57 | 36 | 0 | 0.0% | 2.0% |
| FY2011 | 51 | 35 | 2 | 3.9% | 2.1% |
| FY2010 | 36 | 23 | 0 | 0.0% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $1.1M | $657K |
| Average approval | $1.5M | $1.0M |
| Approvals of $150,000 or less | 0.4% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 8.3% | 14.4% |
| Approvals to franchise businesses | 5.6% | 9.0% |
| Jobs supported per approval, as reported | 13.8 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.7% | 1.2% |
States served
| # | State of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Jersey | 322 | $478M | 63.9% | |
| 2 | New York | 149 | $241M | 29.6% | |
| 3 | Pennsylvania | 30 | $50.5M | 6.0% | |
| 4 | California | 1 | — | 0.2% | |
| 5 | Nevada | 1 | — | 0.2% | |
| 6 | North Carolina | 1 | — | 0.2% |
In New Jersey the lender accounts for 59.6% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (42 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Monmouth County, NJ | 42 | $90.0M | 8.3% | |
| 2 | Kings County, NY | 38 | $63.2M | 7.5% | |
| 3 | Ocean County, NJ | 32 | $43.8M | 6.3% | |
| 4 | Bergen County, NJ | 30 | $33.9M | 6.0% | |
| 5 | Union County, NJ | 26 | $42.8M | 5.2% | |
| 6 | Middlesex County, NJ | 24 | $36.4M | 4.8% | |
| 7 | Passaic County, NJ | 22 | $34.0M | 4.4% | |
| 8 | New York County, NY | 20 | $35.0M | 4.0% | |
| 9 | Gloucester County, NJ | 20 | $28.0M | 4.0% | |
| 10 | Essex County, NJ | 18 | $14.3M | 3.6% | |
| 11 | Mercer County, NJ | 16 | $28.5M | 3.2% | |
| 12 | Queens County, NY | 16 | $27.6M | 3.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 88 | 17.5% | |
| 2 | Wholesale Trade | 80 | 15.9% | |
| 3 | Accommodation and Food Services | 74 | 14.7% | |
| 4 | Health Care and Social Assistance | 48 | 9.5% | |
| 5 | Manufacturing | 46 | 9.1% | |
| 6 | Professional, Scientific, and Technical Services | 41 | 8.1% | |
| 7 | Other Services (except Public Administration) | 36 | 7.1% | |
| 8 | Construction | 23 | 4.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 44 | 8.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 24 | 4.8% | |
| 3 | Traveler AccommodationNAICS 7211 | 20 | 4.0% | |
| 4 | Child Day Care ServicesNAICS 6244 | 18 | 3.6% | |
| 5 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 17 | 3.4% | |
| 6 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 15 | 3.0% | |
| 7 | Grocery StoresNAICS 4451 | 13 | 2.6% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 2.2% | |
| 9 | Household Appliances and Electrical and Electronic Goods Merchant WholesalersNAICS 4236 | 10 | 2.0% | |
| 10 | Apparel, Piece Goods, and Notions Merchant WholesalersNAICS 4243 | 10 | 2.0% |
Approval sizes
- $50,000 or less0.2%1
- $50,001 to $150,0000.2%1
- $150,001 to $350,00011.3%57
- $350,001 to $1 million35.9%181
- $1 million to $2 million23.6%119
- Over $2 million28.8%145
Loan terms
- Over 5 to 10 years1.2%6
- Over 10 to 20 years4.8%24
- Over 20 years94.0%474
Age of the businesses
- Existing, more than 2 years old88.9%448
- New business, 2 years or less2.2%11
- Startup, loan funds will open the business6.2%31
- Change of ownership2.8%14
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 460 | 91.3% | |
| 2 | 504 Refinancing Program | 44 | 8.7% |
Franchise share
28 of 504 approvals in FY2021–FY2025 (5.6%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Learning Experience | 5 | 1.0% | |
| 2 | Primrose Schools | 3 | 0.6% | |
| 3 | Holiday Inn Express | 2 | 0.4% | |
| 4 | Comfort Inn | 2 | 0.4% | |
| 5 | Candlewood Suites | 1 | 0.2% | |
| 6 | Superior Walls | 1 | 0.2% | |
| 7 | Lightbridge Academy | 1 | 0.2% | |
| 8 | California Closets | 1 | 0.2% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | 38 | 7.5% | |
| 2 | Provident Bank | 37 | 7.3% | |
| 3 | Cross River Bank | 34 | 6.7% | |
| 4 | TD Bank, National Association | 31 | 6.2% | |
| 5 | M&T Bank Corporation | 24 | 4.8% | |
| 6 | Bank of America, National Association | 21 | 4.2% | |
| 7 | Fulton Bank, N.A. | 17 | 3.4% | |
| 8 | Kearny Bank | 16 | 3.2% | |
| 9 | Zions Bank, A Division of | 16 | 3.2% | |
| 10 | TD BANK, N.A. | 14 | 2.8% |
Questions and answers
How many SBA loans does Trenton Business Assistance Corporation make?
SBA approved 94 504 loans through Trenton Business Assistance Corporation in FY2025, worth $167M, and 504 over FY2021 to FY2025. That ranks 20th of 182 active CDCs by number of approvals.
How large are Trenton Business Assistance Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $1.1M and the average $1.5M. The program-wide median was $657K.
What is Trenton Business Assistance Corporation's charge-off rate?
Of 578 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (0.7%), 233 as paid in full and 341 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to 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 Trenton Business Assistance Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (44); automotive repair and maintenance (24); traveler accommodation (20); child day care services (18).
Where does Trenton Business Assistance Corporation make SBA loans?
In 6 states and territories. New Jersey 322, New York 149, Pennsylvania 30, California 1, Nevada 1. In New Jersey it accounts for 59.6% of all 504 approvals.
Is Trenton Business Assistance Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 253, against 322 in the three before: falling (-21%).
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