SBA loans in New Jersey, FY2018

That fiscal year's approvals by lender and by county.

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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 2,292 loans in New Jersey: 2,215 under 7(a) and 77 under 504, worth $905M.

That is about level with FY2017, when there were 2,326 approvals worth $870M.

New Jersey accounted for 3.5% of the 66,228 approvals nationwide that year. 109 lenders had at least one approval in the state; TD Bank, National Association had the most, 851.

2,292approvalsFY2017: 2,326

$905Mdollars approvedFY2017: $870M

$100Kmedian 7(a) approvalFY2017: $100K

109lenders with an approval

17,275jobs supported, as reported

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.

Approvals by lender

The 40 lenders with the most approvals to New Jersey businesses in FY2018, of 109 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2017	Change
1	TD Bank, National Association	7(a)	851	$89.8M	37.1%	738	+113
2	Manufacturers and Traders Trust Company	7(a)	92	$13.3M	4.0%	90	+2
3	Wells Fargo Bank National Association	7(a)	88	$26.5M	3.8%	127	-39
4	JPMorgan Chase Bank, National Association	7(a)	84	$15.2M	3.7%	134	-50
5	Santander Bank, National Association	7(a)	74	$11.3M	3.2%	56	+18
6	Fulton Bank, National Association	7(a)	65	$67.1M	2.8%	74	-9
7	PNC Bank, National Association	7(a)	55	$8.0M	2.4%	47	+8
8	Provident Bank	7(a)	42	$38.9M	1.8%	49	-7
9	Newtek Small Business Finance, Inc.	7(a)	41	$28.8M	1.8%	18	+23
10	Trenton Business Assistance Corporation	504	40	$53.4M	1.7%	43	-3
11	NewBank	7(a)	37	$12.1M	1.6%	42	-5
12	Northeast Bank	7(a)	36	$5.4M	1.6%	15	+21
13	Citizens Bank, National Association	7(a)	35	$8.3M	1.5%	21	+14
14	Celtic Bank Corporation	7(a)	35	$4.5M	1.5%	43	-8
15	The Bank of Princeton	7(a)	34	$27.2M	1.5%	49	-15
16	Trenton Business Assistance Corporation	7(a)	30	$4.3M	1.3%	35	-5
17	First Bank	7(a)	28	$33.0M	1.2%	6	+22
18	Beacon Bank and Trust	7(a)	28	$19.4M	1.2%	11	+17
19	New Millennium Bank	7(a)	28	$18.6M	1.2%	46	-18
20	Peapack Private Bank and Trust	7(a)	27	$20.3M	1.2%	23	+4
21	Empire State Certified Development Corporation	504	26	$25.6M	1.1%	37	-11
22	OceanFirst Bank, National Association	7(a)	22	$19.4M	1.0%	23	-1
23	BayFirst National Bank	7(a)	22	$8.5M	1.0%	39	-17
24	Stearns Bank National Association	7(a)	22	$5.1M	1.0%	14	+8
25	Unity Bank	7(a)	21	$29.8M	0.9%	25	-4
26	Live Oak Banking Company	7(a)	20	$37.2M	0.9%	29	-9
27	Independence Bank	7(a)	19	$2.1M	0.8%	18	+1
28	Columbia Bank	7(a)	18	$8.5M	0.8%	18	0
29	Sturdy Savings Bank	7(a)	17	$11.8M	0.7%	41	-24
30	Capital One National Association	7(a)	16	$8.9M	0.7%	11	+5
31	Wilmington Savings Fund Society FSB	7(a)	15	$14.4M	0.7%	24	-9
32	BCB Community Bank	7(a)	14	$19.5M	0.6%	19	-5
33	Magyar Bank	7(a)	14	$11.0M	0.6%	14	0
34	FinWise Bank	7(a)	13	$13.7M	0.6%	7	+6
35	Dime Commercial Bank	7(a)	12	$5.1M	0.5%	0	new
36	First Bank	7(a)	11	$3.6M	0.5%	30	-19
37	United Midwest Savings Bank National Association	7(a)	11	$2.2M	0.5%	3	+8
38	Hanover Community Bank	7(a)	10	$11.9M	0.4%	7	+3
39	Happen Bank	7(a)	10	$7.3M	0.4%	3	+7
40	Mid Penn Bank	7(a)	10	$3.8M	0.4%	9	+1

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2017	Change
1	Bergen County	348	$102M	15.2%	367	-19
2	Middlesex County	199	$104M	8.7%	200	-1
3	Monmouth County	185	$80.4M	8.1%	202	-17
4	Ocean County	171	$49.0M	7.5%	148	+23
5	Essex County	168	$71.1M	7.3%	183	-15
6	Morris County	157	$59.2M	6.8%	123	+34
7	Camden County	147	$62.7M	6.4%	123	+24
8	Burlington County	120	$45.7M	5.2%	133	-13
9	Union County	115	$42.3M	5.0%	144	-29
10	Hudson County	111	$39.9M	4.8%	127	-16
11	Passaic County	110	$32.4M	4.8%	120	-10
12	Mercer County	104	$38.1M	4.5%	79	+25
13	Somerset County	87	$38.3M	3.8%	90	-3
14	Gloucester County	72	$28.4M	3.1%	68	+4
15	Atlantic County	49	$15.7M	2.1%	54	-5
16	Cape May County	48	$41.6M	2.1%	61	-13
17	Hunterdon County	33	$21.8M	1.4%	35	-2
18	Cumberland County	22	$9.2M	1.0%	25	-3
19	Warren County	20	$9.6M	0.9%	23	-3
20	Sussex County	19	$13.3M	0.8%	13	+6
21	Salem County	7	$405K	0.3%	8	-1

FY2018 against FY2017

New Jersey	FY2018	FY2017
7(a) approvals	2,215	2,229
7(a) dollars	$822M	$763M
Median 7(a) approval	$100K	$100K
504 approvals	77	97
504 dollars	$83.0M	$107M
Jobs supported, as reported	17,275	19,340

Questions and answers

Which lenders made the most SBA loans in New Jersey in FY2018?

TD Bank, National Association (851), Manufacturers and Traders Trust Company (92), Wells Fargo Bank National Association (88), JPMorgan Chase Bank, National Association (84), Santander Bank, National Association (74). 109 lenders had at least one approval.

How many SBA loans were approved in New Jersey in FY2018?

2,292: 2,215 under 7(a) worth $822M and 77 under 504 worth $83.0M.

Which New Jersey counties had the most SBA approvals in FY2018?

Bergen County (348), Middlesex County (199), Monmouth County (185), Ocean County (171), Essex County (168).

When does FY2018 start and end?

The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.

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