SBA loans in New Jersey, FY2025

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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 2,913 loans in New Jersey: 2,830 under 7(a) and 83 under 504, worth $1.34bn.

That is up 12% on FY2024, when there were 2,594 approvals worth $1.03bn.

New Jersey accounted for 3.4% of the 84,840 approvals nationwide that year. 138 lenders had at least one approval in the state; TD Bank, National Association had the most, 644.

2,913approvalsFY2024: 2,594

$1.34bndollars approvedFY2024: $1.03bn

$150Kmedian 7(a) approvalFY2024: $150K

138lenders with an approval

25,078jobs 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 FY2025, of 138 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2024	Change
1	TD Bank, National Association	7(a)	644	$111M	22.1%	755	-111
2	Northeast Bank	7(a)	312	$52.2M	10.7%	128	+184
3	Manufacturers and Traders Trust Company	7(a)	271	$25.3M	9.3%	157	+114
4	Newtek Bank, National Association	7(a)	159	$60.0M	5.5%	124	+35
5	Readycap Lending, LLC	7(a)	118	$46.9M	4.1%	142	-24
6	The Huntington National Bank	7(a)	117	$47.6M	4.0%	106	+11
7	JPMorgan Chase Bank, National Association	7(a)	97	$25.9M	3.3%	117	-20
8	Live Oak Banking Company	7(a)	77	$79.8M	2.6%	42	+35
9	BayFirst National Bank	7(a)	69	$10.4M	2.4%	119	-50
10	Wells Fargo Bank National Association	7(a)	56	$25.0M	1.9%	65	-9
11	Trenton Business Assistance Corporation	504	55	$97.9M	1.9%	61	-6
12	Provident Bank	7(a)	40	$43.3M	1.4%	28	+12
13	Lendistry SBLC, LLC	7(a)	38	$6.6M	1.3%	17	+21
14	Fulton Bank, National Association	7(a)	37	$27.9M	1.3%	36	+1
15	Bank of America, National Association	7(a)	35	$27.5M	1.2%	34	+1
16	Celtic Bank Corporation	7(a)	35	$6.8M	1.2%	19	+16
17	Wilmington Savings Fund Society FSB	7(a)	31	$22.7M	1.1%	41	-10
18	PNC Bank, National Association	7(a)	30	$7.0M	1.0%	67	-37
19	Empire State Certified Development Corporation	504	26	$38.5M	0.9%	29	-3
20	Peapack Private Bank and Trust	7(a)	26	$25.1M	0.9%	17	+9
21	Meridian Bank	7(a)	26	$23.5M	0.9%	23	+3
22	United Midwest Savings Bank National Association	7(a)	25	$12.6M	0.9%	24	+1
23	Trenton Business Assistance Corporation	7(a)	20	$2.8M	0.7%	15	+5
24	Santander Bank, National Association	7(a)	20	$1.3M	0.7%	19	+1
25	Columbia Bank	7(a)	18	$18.1M	0.6%	9	+9
26	FinWise Bank	7(a)	18	$13.3M	0.6%	20	-2
27	First Bank	7(a)	17	$14.4M	0.6%	4	+13
28	ConnectOne Bank	7(a)	17	$12.0M	0.6%	4	+13
29	Magyar Bank	7(a)	16	$20.8M	0.5%	17	-1
30	First Bank of the Lake	7(a)	15	$11.6M	0.5%	21	-6
31	Unity Bank	7(a)	14	$13.1M	0.5%	4	+10
32	Woori America Bank	7(a)	14	$8.1M	0.5%	12	+2
33	Colony Bank	7(a)	14	$2.5M	0.5%	17	-3
34	Harvest Small Business Finance, LLC	7(a)	13	$11.5M	0.4%	5	+8
35	Grasshopper Bank National Association	7(a)	13	$7.2M	0.4%	2	+11
36	First Internet Bank of Indiana	7(a)	12	$16.6M	0.4%	1	+11
37	Beacon Bank and Trust	7(a)	12	$11.2M	0.4%	21	-9
38	New Millennium Bank	7(a)	12	$9.3M	0.4%	15	-3
39	Firstrust Savings Bank	7(a)	11	$16.9M	0.4%	10	+1
40	Bank of Hope	7(a)	11	$6.4M	0.4%	3	+8

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2024	Change
1	Bergen County	410	$179M	14.1%	362	+48
2	Monmouth County	254	$131M	8.7%	200	+54
3	Middlesex County	243	$137M	8.3%	225	+18
4	Essex County	239	$77.1M	8.2%	209	+30
5	Ocean County	237	$102M	8.1%	222	+15
6	Union County	207	$102M	7.1%	180	+27
7	Hudson County	194	$65.9M	6.7%	178	+16
8	Morris County	165	$78.6M	5.7%	158	+7
9	Passaic County	163	$54.6M	5.6%	133	+30
10	Camden County	160	$97.3M	5.5%	129	+31
11	Somerset County	113	$56.5M	3.9%	94	+19
12	Burlington County	104	$42.5M	3.6%	137	-33
13	Mercer County	96	$47.1M	3.3%	73	+23
14	Gloucester County	86	$33.7M	3.0%	78	+8
15	Atlantic County	66	$45.9M	2.3%	67	-1
16	Cape May County	40	$21.7M	1.4%	31	+9
17	Sussex County	39	$16.7M	1.3%	33	+6
18	Hunterdon County	38	$23.5M	1.3%	31	+7
19	Warren County	28	$13.9M	1.0%	30	-2
20	Cumberland County	17	$5.1M	0.6%	16	+1
21	Salem County	14	$10.8M	0.5%	8	+6

FY2025 against FY2024

New Jersey	FY2025	FY2024
7(a) approvals	2,830	2,501
7(a) dollars	$1.20bn	$892M
Median 7(a) approval	$150K	$150K
504 approvals	83	93
504 dollars	$137M	$139M
Jobs supported, as reported	25,078	22,056

Questions and answers

Which lenders made the most SBA loans in New Jersey in FY2025?

TD Bank, National Association (644), Northeast Bank (312), Manufacturers and Traders Trust Company (271), Newtek Bank, National Association (159), Readycap Lending, LLC (118). 138 lenders had at least one approval.

How many SBA loans were approved in New Jersey in FY2025?

2,913: 2,830 under 7(a) worth $1.20bn and 83 under 504 worth $137M.

Which New Jersey counties had the most SBA approvals in FY2025?

Bergen County (410), Monmouth County (254), Middlesex County (243), Essex County (239), Ocean County (237).

When does FY2025 start and end?

The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.

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