Lenders › Unity Bank
7(a) lenderClinton, New JerseyFDIC-insured bank335th of 2,184 by approvals
Unity Bank
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.
Unity Bank (Clinton, New Jersey) is an FDIC-insured bank in the SBA 7(a) program, 335th of 2,184 by approvals in FY2021 to FY2025: 90 loans worth $103M.
In FY2025, the latest complete fiscal year, it had 14 approvals totalling $13.1M. FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $791K, against $190K for the 7(a) program as a whole; 0.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 4 states and territories and 26 counties, led by New Jersey (77.8%), Pennsylvania (11.1%) and New York (10.0%). The largest industry group was accommodation and food services at 34.4% of approvals, and 12.2% of approvals were to franchise businesses.
Of 317 disbursed loans approved in FY2010 to FY2021, SBA records 18 as charged off (5.7%), 245 as paid in full and 54 still outstanding; the 7(a) program figure for the same approval years is 6.6%, 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* | 6 | $13.5M | $1.5M | $2.3M | 112 |
| FY2025 | 14 | $13.1M | $672K | $933K | 146 |
| FY2024 | 6 | $7.1M | $1.4M | $1.2M | 218 |
| FY2023 | 12 | $10.7M | $596K | $889K | 114 |
| FY2022 | 16 | $13.8M | $831K | $864K | 161 |
| FY2021 | 42 | $58.0M | $842K | $1.4M | 683 |
| FY2020 | 19 | $27.2M | $1.2M | $1.4M | 292 |
| FY2019 | 17 | $17.0M | $724K | $1.0M | 252 |
| FY2018 | 24 | $32.6M | $869K | $1.4M | 452 |
| FY2017 | 34 | $27.2M | $630K | $799K | 424 |
| FY2016 | 52 | $49.0M | $594K | $941K | 711 |
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 146 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 | 7(a) program |
|---|---|---|---|
| Approvals in these years | 374 | 17,926 | 639,905 |
| Cancelled or never disbursed | 57 | 2,711 | 79,313 |
| Disbursed loans | 317 | 15,215 | 560,592 |
| Paid in full | 245 | 11,117 | 435,813 |
| Charged off | 18 | 1,263 | 36,891 |
| Still outstanding (status exempt from disclosure) | 54 | 2,835 | 87,888 |
| Charged off, share of disbursed loans | 5.7% | 8.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.5% | 2.6% | 2.5% |
| Dollars charged off | $4.2M | $172M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 34 | 14 | 0 | 0.0% | 2.8% |
| FY2020 | 17 | 10 | 0 | — | 4.0% |
| FY2019 | 15 | 8 | 1 | — | 6.7% |
| FY2018 | 21 | 14 | 0 | — | 7.9% |
| FY2017 | 32 | 26 | 0 | 0.0% | 7.7% |
| FY2016 | 45 | 36 | 5 | 11.1% | 7.2% |
| FY2015 | 36 | 32 | 2 | 5.6% | 6.9% |
| FY2014 | 26 | 22 | 2 | — | 6.4% |
| FY2013 | 17 | 14 | 3 | — | 6.0% |
| FY2012 | 24 | 24 | 0 | — | 6.3% |
| FY2011 | 30 | 27 | 3 | 10.0% | 6.9% |
| FY2010 | 20 | 18 | 2 | — | 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 | $791K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 0.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 38.9% | 34.3% |
| Approvals to franchise businesses | 12.2% | 11.5% |
| Jobs supported per approval, as reported | 14.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.7% | 6.6% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Jersey | 70 | $71.7M | 77.8% | |
| 2 | Pennsylvania | 10 | $18.1M | 11.1% | |
| 3 | New York | 9 | $12.4M | 10.0% | |
| 4 | Delaware | 1 | — | 1.1% |
In New Jersey the lender accounts for 0.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (26 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Union County, NJ | 10 | $10.6M | 11.1% | |
| 2 | Hunterdon County, NJ | 8 | $6.2M | 8.9% | |
| 3 | Camden County, NJ | 6 | $7.1M | 6.7% | |
| 4 | Middlesex County, NJ | 6 | $6.0M | 6.7% | |
| 5 | Essex County, NJ | 6 | $4.5M | 6.7% | |
| 6 | Bergen County, NJ | 6 | $3.4M | 6.7% | |
| 7 | Bucks County, PA | 4 | $9.2M | 4.4% | |
| 8 | Morris County, NJ | 4 | $6.1M | 4.4% | |
| 9 | Suffolk County, NY | 4 | $5.2M | 4.4% | |
| 10 | Northampton County, PA | 4 | $4.0M | 4.4% | |
| 11 | Hudson County, NJ | 4 | $3.0M | 4.4% | |
| 12 | Monmouth County, NJ | 4 | $2.8M | 4.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 31 | 34.4% | |
| 2 | Retail Trade | 19 | 21.1% | |
| 3 | Other Services (except Public Administration) | 10 | 11.1% | |
| 4 | Arts, Entertainment, and Recreation | 9 | 10.0% | |
| 5 | Health Care and Social Assistance | 6 | 6.7% | |
| 6 | Manufacturing | 3 | 3.3% | |
| 7 | Transportation and Warehousing | 2 | 2.2% | |
| 8 | Educational Services | 2 | 2.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 22.2% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 8.9% | |
| 3 | Traveler AccommodationNAICS 7211 | 5 | 5.6% | |
| 4 | Specialty Food StoresNAICS 4452 | 4 | 4.4% | |
| 5 | Grocery StoresNAICS 4451 | 4 | 4.4% | |
| 6 | Personal Care ServicesNAICS 8121 | 4 | 4.4% | |
| 7 | Other Personal ServicesNAICS 8129 | 3 | 3.3% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 3.3% | |
| 9 | Special Food ServicesNAICS 7223 | 3 | 3.3% | |
| 10 | Beer, Wine, and Liquor StoresNAICS 4453 | 3 | 3.3% |
Approval sizes
- $150,001 to $350,00010.0%9
- $350,001 to $1 million50.0%45
- $1 million to $2 million24.4%22
- Over $2 million15.6%14
Loan terms
- 5 years or less2.2%2
- Over 5 to 10 years17.8%16
- Over 10 to 20 years25.6%23
- Over 20 years54.4%49
Age of the businesses
- Existing, more than 2 years old46.7%42
- New business, 2 years or less13.3%12
- Startup, loan funds will open the business25.6%23
- Change of ownership14.4%13
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 88 | 97.8% | |
| 2 | 7a General | 2 | 2.2% |
Franchise share
11 of 90 approvals in FY2021–FY2025 (12.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | K9 Resorts Luxury Pet Hotel | 3 | 3.3% | |
| 2 | Alpha Fit Club | 3 | 3.3% | |
| 3 | Motel 6 | 1 | 1.1% | |
| 4 | Jersey Mike’s Subs | 1 | 1.1% | |
| 5 | Prose | 1 | 1.1% | |
| 6 | Card$mart | 1 | 1.1% | |
| 7 | The Learning Experience | 1 | 1.1% |
Questions and answers
How many SBA loans does Unity Bank make?
SBA approved 14 7(a) loans through Unity Bank in FY2025, worth $13.1M, and 90 over FY2021 to FY2025. That ranks 335th of 2,184 active 7(a) lenders by number of approvals.
How large are Unity Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $791K and the average $1.1M. The program-wide median was $190K.
What is Unity Bank's charge-off rate?
Of 317 disbursed loans approved in FY2010 to FY2021, SBA records 18 as charged off (5.7%), 245 as paid in full and 54 still outstanding; the 7(a) program figure for the same approval years is 6.6%, 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 Unity Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (20); other amusement and recreation industries (8); traveler accommodation (5); specialty food stores (4).
Where does Unity Bank make SBA loans?
In 4 states and territories. New Jersey 70, Pennsylvania 10, New York 9, Delaware 1. In New Jersey it accounts for 0.7% of all 7(a) approvals.
Is Unity Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 32, against 77 in the three before: falling (-58%).
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