When it comes to securing SBA loans in New Jersey, businesses have a range of options to choose from. The following table outlines the top 10 SBA lenders in the state, shedding light on their loan volumes, average loan amounts, and interest rates.
New Jersey Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 369 | $108,643 | 9.2% |
| 2 | M&T | Buffalo, NY | 119 | $116,176 | 9.0% |
| 3 | Wells Fargo | Sioux Falls, SD | 61 | $305,113 | 9.1% |
| 4 | PNC Bank | Wilmington, DE | 49 | $404,488 | 7.1% |
| 5 | Newtek Small Business Finance | Lake Success, NY | 48 | $766,240 | 7.2% |
| 6 | BayFirst National Bank | Saint Petersburg, FL | 47 | $207,160 | 8.5% |
| 7 | BancorpSouth Bank | Tupelo, MS | 43 | $289,012 | 8.0% |
| 8 | Santander Bank | Wilmington, DE | 30 | $52,027 | 9.0% |
| 9 | The Huntington National Bank | Columbus, OH | 30 | $447,253 | 7.6% |
| 10 | Wilmington Savings Fund Society | Wilmington, DE | 30 | $903,340 | 6.8% |
| 11 | JPMorgan Chase Bank | Columbus, OH | 29 | $260,017 | 7.4% |
| 12 | Live Oak | Wilmington, NC | 27 | $1,827,815 | 6.9% |
| 13 | Meridian Bank | Malvern, PA | 26 | $1,292,523 | 6.6% |
| 14 | Readycap Lending, LLC | Berkeley Heights, NJ | 24 | $265,825 | 7.8% |
| 15 | Northeast Bank | Lewiston, ME | 23 | $26,522 | 7.3% |
| 16 | Berkshire Bank | Pittsfield, MA | 22 | $998,864 | 6.9% |
| 17 | Peapack-Gladstone Bank | Bedminster, NJ | 22 | $1,220,364 | 7.4% |
| 18 | FinWise Bank | Sandy, UT | 21 | $2,086,000 | 7.3% |
| 19 | Fulton Bank | Lancaster, PA | 20 | $748,775 | 7.0% |
| 20 | United Midwest Savings Bank | De Graff, OH | 18 | $279,333 | 8.1% |
| 21 | KeyBank | Cleveland, OH | 17 | $193,353 | 7.5% |
| 22 | Republic Bank | Philadelphia, PA | 16 | $1,579,106 | 6.2% |
| 23 | 1st Colonial Community Bank | Collingswood, NJ | 15 | $697,747 | 5.8% |
| 24 | Hanover Community Bank | Mineola, NY | 15 | $1,076,600 | 6.4% |
| 25 | New Millennium Bank | Fort Lee, NJ | 15 | $662,467 | 5.8% |
| 26 | NewBank | New York City, NY | 15 | $731,000 | 6.5% |
| 27 | Celtic Bank | Salt Lake City, UT | 14 | $487,964 | 7.6% |
| 28 | Provident Bank | Jersey City, NJ | 14 | $798,857 | 6.8% |
| 29 | Bank of America | Charlotte, NC | 13 | $386,146 | 3.7% |
| 30 | Trenton Business | Mercerville, NJ | 13 | $134,138 | 7.0% |
| 31 | Columbia Bank | Fair Lawn, NJ | 11 | $813,636 | 7.7% |
| 32 | Customers Bank | Malvern, PA | 11 | $1,009,791 | 6.9% |
| 33 | First Commerce Bank | Lakewood, NJ | 11 | $900,991 | 5.8% |
| 34 | Lakeland Bank | Newfoundland, NJ | 11 | $1,212,545 | 6.7% |
| 35 | Magyar Bank | New Brunswick, NJ | 10 | $761,960 | 7.3% |
| 36 | Financial Resources FCU | Bridgewater, NJ | 9 | $1,503,333 | 7.8% |
| 37 | First Bank of the Lake | Osage Beach, MO | 9 | $768,600 | 6.2% |
| 38 | Firstrust Savings Bank | Conshohocken, PA | 8 | $1,263,750 | 7.2% |
| 39 | Unity Bank | Clinton, NJ | 8 | $1,005,000 | 5.9% |
| 40 | Cross River Bank | Teaneck, NJ | 7 | $2,608,557 | 6.8% |
1. TD Bank
TD Bank, based in Wilmington, Delaware, stands as the top SBA lender in New Jersey. With a focus on regional and national markets, TD Bank has facilitated 369 loans, demonstrating a commitment to supporting businesses in the Garden State. The bank offers an average loan of $108,643 with an interest rate of 9.2%.
2. M&T Bank
Hailing from Buffalo, New York, M&T Bank secures the second spot with 119 loans. The bank, with a regional focus, provides an average loan of $116,176 at a 9.0% interest rate. Businesses seeking a lender with a solid regional presence may find M&T Bank an appealing option.
3. Wells Fargo
Wells Fargo, based in Sioux Falls, South Dakota, comes in third place. Despite its national stature, Wells Fargo has supported 61 businesses in New Jersey, offering an average loan of $305,113 with a 9.1% interest rate. Businesses looking for a well-established national bank may find Wells Fargo to be a reliable partner.
4. PNC Bank
Another player from Wilmington, Delaware, PNC Bank takes the fourth spot. With a focus on the regional and national levels, PNC Bank has granted 49 loans, averaging $404,488 at a competitive 7.1% interest rate. PNC Bank’s robust lending portfolio makes it a strong contender for businesses seeking substantial financing.
5. Newtek Small Business Finance
Based in Lake Success, New York, Newtek Small Business Finance caters to businesses with 48 loans in New Jersey. The lender specializes in larger loans, providing an average of $766,240 at a 7.2% interest rate. Newtek is a notable choice for businesses requiring significant financial backing.
6. BayFirst National Bank
Operating from Saint Petersburg, Florida, BayFirst National Bank secures the sixth position. With a focus on regional markets, the bank has granted 47 loans, averaging $207,160 with an 8.5% interest rate. BayFirst National Bank may be an attractive option for businesses seeking personalized service with a regional touch.
7. BancorpSouth Bank
Hailing from Tupelo, Mississippi, BancorpSouth Bank ranks seventh in the list. The bank, with a regional focus, has supported 43 businesses in New Jersey. Offering an average loan of $289,012 at an 8.0% interest rate, BancorpSouth Bank provides a balance between personalized service and competitive financing terms.
8. Santander Bank
Santander Bank, headquartered in Wilmington, Delaware, secures the eighth position. With a focus on national and international markets, Santander Bank has provided 30 loans in New Jersey, averaging $52,027 at a 9.0% interest rate. Businesses with global aspirations may find Santander Bank to be a strategic partner.
9. The Huntington National Bank
Based in Columbus, Ohio, The Huntington National Bank comes in ninth place. The bank has supported 30 businesses in New Jersey, offering an average loan of $447,253 at a 7.6% interest rate. The Huntington National Bank provides businesses with a regional touch and competitive financing terms.
10. Wilmington Savings Fund Society
The tenth spot is claimed by Wilmington Savings Fund Society, another player from Wilmington, Delaware. The bank has supported 30 businesses in New Jersey, providing substantial loans with an average amount of $903,340 at a competitive 6.8% interest rate. Businesses seeking significant financial support may find Wilmington Savings Fund Society to be a reliable partner.
Top Industries for SBA loans in New Jersey
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Full-Service Restaurants | 76 | $852,588 | 7.6% |
| 2 | Limited-Service Restaurants | 59 | $442,568 | 7.2% |
| 3 | General Freight Trucking, Local | 50 | $240,858 | 8.8% |
| 4 | Residential Remodelers | 44 | $90,641 | 8.8% |
| 5 | Landscaping Services | 38 | $382,376 | 8.1% |
| 6 | Child Day Care Services | 34 | $862,003 | 6.5% |
| 7 | General Freight Trucking, Long Distance, Truckload | 27 | $133,463 | 8.9% |
| 8 | Electrical Contractors | 26 | $250,769 | 7.6% |
| 9 | Fitness and Recreational Sports Centers | 26 | $692,908 | 7.7% |
| 10 | Insurance Agencies and Brokerages | 22 | $546,364 | 7.5% |
| 11 | Snack and Nonalcoholic Beverage Bars | 21 | $345,524 | 8.1% |
| 12 | General Automotive Repair | 20 | $318,145 | 8.4% |
| 13 | Beauty Salons | 20 | $118,660 | 8.7% |
| 14 | Plumbing, Heating, and Air-Conditioning Contractors | 17 | $768,594 | 8.5% |
| 15 | Offices of Dentists | 15 | $686,527 | 5.6% |
| 16 | Site Preparation Contractors | 15 | $577,900 | 7.9% |
| 17 | Offices of Lawyers | 14 | $267,086 | 7.4% |
| 18 | All Other Specialty Trade Contractors | 14 | $591,836 | 6.9% |
| 19 | Other Personal Care Services | 14 | $347,921 | 8.3% |
| 20 | Janitorial Services | 13 | $302,454 | 8.7% |
| 21 | Hotels (except Casino Hotels) and Motels | 13 | $1,711,838 | 7.3% |
| 22 | Commercial and Institutional Building Construction | 11 | $152,045 | 7.3% |
| 23 | New Single-Family Housing Construction (except Operative Builders) | 11 | $114,000 | 9.0% |
| 24 | Pet Care (except Veterinary) Services | 11 | $576,727 | 8.1% |
| 25 | Other Miscellaneous Durable Goods Merchant Wholesalers | 10 | $1,404,600 | 7.1% |
| 26 | Car Washes | 10 | $579,700 | 8.3% |
| 27 | Electronic Shopping and Mail-Order Houses | 10 | $232,500 | 7.1% |
| 28 | Specialized Freight (except Used Goods) Trucking, Local | 9 | $165,111 | 8.5% |
| 29 | Offices of Real Estate Agents and Brokers | 9 | $101,222 | 8.3% |
| 30 | Other Grocery and Related Products Merchant Wholesalers | 9 | $593,367 | 7.4% |
| 31 | All Other Personal Services | 9 | $298,111 | 8.4% |
| 32 | Other Management Consulting Services | 8 | $72,775 | 9.6% |
| 33 | Offices of Certified Public Accountants | 8 | $437,038 | 8.4% |
| 34 | Administrative Management and General Management Consulting Services | 8 | $105,050 | 9.6% |
| 35 | Offices of Chiropractors | 8 | $400,188 | 7.2% |
| 36 | Roofing Contractors | 8 | $433,063 | 8.4% |
| 37 | Poured Concrete Foundation and Structure Contractors | 8 | $253,625 | 9.3% |
| 38 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $450,025 | 8.6% |
| 39 | Other Computer Related Services | 7 | $783,300 | 8.1% |
| 40 | Electronic Shopping | 7 | $110,714 | 9.1% |
Top SBA Loan Franchises in New Jersey
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Burger King | 14 | $25,000 | 6.8% |
| 2 | The Goddard School | 4 | $1,642,900 | 6.5% |
| 3 | The UPS Store | 4 | $310,550 | 6.3% |
| 4 | Rumble | 3 | $478,333 | 8.7% |
| 5 | Rita’s Ice-Custard-Happiness | 3 | $244,667 | 7.3% |
| 6 | American Family Care/Doctors E | 3 | $1,019,133 | 5.0% |
| 7 | Stretch Lab | 2 | $151,550 | 8.3% |
| 8 | The UPS Store | 2 | $169,000 | 6.0% |
| 9 | Send Me a Trainer | 2 | $150,000 | 6.8% |
| 10 | Tint World | 2 | $498,000 | 7.6% |
| 11 | Lightbridge Academy | 2 | $587,500 | 6.4% |
| 12 | Primrose Schools | 2 | $502,500 | 5.7% |
| 13 | Bloomin’ Blinds | 2 | $145,000 | 9.8% |
| 14 | Dunkin’ Donuts | 2 | $50,000 | 8.9% |
| 15 | Auntie Anne’s | 2 | $615,000 | 9.5% |
| 16 | Home Instead Senior Care | 2 | $355,000 | 5.8% |
| 17 | Property Management Inc. | 2 | $150,000 | 6.8% |
| 18 | PuroClean | 2 | $150,000 | 6.3% |
| 19 | Sam the Concrete Man | 2 | $150,000 | 9.8% |
| 20 | Dickey’s Barbecue Pit | 2 | $1,004,000 | 6.6% |
| 21 | 360 Painting | 2 | $150,000 | 9.0% |
| 22 | The Learning Experience | 2 | $587,500 | 6.1% |
| 23 | Hummus Republic | 2 | $257,750 | 9.8% |
| 24 | The Grounds Guys | 2 | $150,000 | 6.3% |
| 25 | BrightStar Care | 2 | $582,500 | 6.5% |
| 26 | Cinnaholic | 2 | $189,500 | 5.8% |
| 27 | American Family Care/Doctors E | 2 | $1,936,000 | 6.3% |
| 28 | Stretch Lab | 2 | $277,500 | 7.3% |
| 29 | SpeedPro Imaging | 2 | $469,350 | 8.0% |
| 30 | K-9 Resorts Daycare & Luxury H | 2 | $1,355,000 | 8.3% |
| 31 | Spenga | 2 | $773,500 | 8.4% |
Top New Jersey SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | WILMARY BUILDING SERVICES CORP | Rahway, NJ | Janitorial Services | $250K – $500K | 6.3% | 200 |
| 2 | PELHAM BAY MNGT LLC | Ocean, NJ | Food Service Contractors | $1M – $2.5M | 7.9% | 184 |
| 3 | APRIL ENTERPRISES LLC | Linden, NJ | School and Employee Bus Transportation | $1M – $2.5M | 9.0% | 150 |
| 4 | TD ASSOCIATES LLC | Egg Harbor Township, NJ | Sporting Goods Stores | $500K – $1M | 8.3% | 143 |
| 5 | HOME INSTEAD | Washington, NJ | Services for the Elderly and Persons with Disabilities | $250K – $500K | 5.8% | 130 |
| 6 | ABS NETWORK LLC | Piscataway, NJ | Limited-Service Restaurants | $2.5M – $5M | 8.0% | 130 |
| 7 | REVEL NAIL LLC | Blackwood, NJ | All Other Miscellaneous Manufacturing | $2.5M – $5M | 6.5% | 115 |
| 8 | TRINITY REHAB SOMERSET P.A. | Red Bank, NJ | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $1M – $2.5M | 5.8% | 101 |
| 9 | KAMM VENTURES LLC | Hillsborough, NJ | Child Day Care Services | $1M – $2.5M | 5.3% | 94 |
| 10 | DANIEL & ASSOCIATES LLC | Cherry Hill, NJ | Limited-Service Restaurants | $500K – $1M | 5.8% | 81 |
| 11 | COOKIE GIFT BOXES LLC | Lakewood, NJ | Baked Goods Stores | $1M – $2.5M | 7.3% | 78 |
| 12 | AEROSPHERE POWER INC | Fairfield, NJ | Other Aircraft Parts and Auxiliary Equipment Manufacturing | $1M – $2.5M | 6.8% | 76 |
| 13 | CRUNCH MARLBORO | Morganville, NJ | Fitness and Recreational Sports Centers | $2.5M – $5M | 8.3% | 76 |
| 14 | XTEL COMMUNICATIONS INC. | Mount Laurel, NJ | $2.5M – $5M | 7.8% | 74 | |
| 15 | CITY ABSTRACT LLC | Sewell, NJ | All Other Insurance Related Activities | $500K – $1M | 6.5% | 73 |
| 16 | MONELLO REALTY LLC | Wayne, NJ | Landscaping Services | $2.5M – $5M | 6.0% | 71 |
| 17 | BRIBEN LLC | Fairfield, NJ | Full-Service Restaurants | $1M – $2.5M | 7.8% | 70 |
| 18 | OE PARTNERS LLC | Pompton Plains, NJ | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 4.4% | 62 |
| 19 | EMT RENEWABLES LLC | Cherry Hill, NJ | All Other Specialty Trade Contractors | $2.5M – $5M | 5.5% | 62 |
| 20 | JEMS FITNESS INC. | Metuchen, NJ | All Other Miscellaneous Schools and Instruction | $250K or less | 8.3% | 60 |
| 21 | NATIVE FIELDS LANDSCAPING LLC | Wharton, NJ | Landscaping Services | $250K or less | 9.3% | 57 |
| 22 | HUDSON RIVER RADIOLOGY CENTER | Union City, NJ | Medical Laboratories | $250K or less | 8.3% | 56 |
| 23 | KINGS BONFIRE LLC | Paterson, NJ | Full-Service Restaurants | $1M – $2.5M | 1.5% | 56 |
| 24 | WATERFRONT WAREHOUSE | Pequannock Township, NJ | Full-Service Restaurants | $1M – $2.5M | 6.3% | 56 |
| 25 | CAROUSEL EARLY LEARNING CENTER | Westwood, NJ | Child Day Care Services | $2.5M – $5M | 6.5% | 56 |
| 26 | AMPHORA RESTAURANT LLC | Ewing, NJ | Full-Service Restaurants | $500K – $1M | 7.5% | 53 |
| 27 | FREEDOM DOGGIE DAYCARE LLC | Berkeley Heights, NJ | Pet Care (except Veterinary) Services | $500K – $1M | 5.3% | 52 |
| 28 | AGAVE 170 LLC | Belleville, NJ | Full-Service Restaurants | $1M – $2.5M | 8.3% | 52 |
| 29 | CONFLICT SOLUTIONS LLC | Barnegat, NJ | Security Guards and Patrol Services | $250K or less | 9.3% | 50 |
| 30 | MB DRILLING LLC | West Creek, NJ | Site Preparation Contractors | $1M – $2.5M | 6.1% | 50 |
| 31 | QUALITY FIRST SUPPORT GROUP LL | Mount Laurel, NJ | Vocational Rehabilitation Services | $250K or less | 9.0% | 47 |
| 32 | B&B PARTY RENTALS OF NJ INC. | Jackson, NJ | $2.5M – $5M | 5.5% | 47 | |
| 33 | SERENITY MOVERS INC. | East Rutherford, NJ | General Freight Trucking, Local | $250K or less | 5.2% | 45 |
| 34 | CATALYST TECHNOLOGY GROUP LLC | Montclair, NJ | $250K – $500K | 6.0% | 45 | |
| 35 | HIGH POINT HOME SERVICES LLC | Elmer, NJ | Electrical Contractors | $500K – $1M | 5.8% | 45 |
| 36 | BOBWHITE COUNTER LLC | Jersey City, NJ | Limited-Service Restaurants | $500K – $1M | 6.3% | 45 |
| 37 | PRACTICE HOMECARE SERVICES INC | Bridgewater, NJ | Home Health Care Services | $1M – $2.5M | 5.5% | 45 |
| 38 | R&S HUMMUS LLC | Paramus,, NJ | Limited-Service Restaurants | $250K – $500K | 9.8% | 44 |
| 39 | BRADBURY CONCRETE LLC | Blackwood, NJ | Funeral Homes and Funeral Services | $500K – $1M | 8.3% | 44 |
| 40 | LA FORTALEZA PROPERTY LODI LLC | Lodi, NJ | Full-Service Restaurants | $1M – $2.5M | 5.5% | 44 |
| 41 | CT HOME HEALTHCARE INC. | Piscataway, NJ | Home Health Care Services | $500K – $1M | 7.0% | 43 |
| 42 | JAMES E CONNER JR PLUMBING INC | Turnersville, NJ | Plumbing, Heating, and Air-Conditioning Contractors | $500K – $1M | 6.8% | 42 |
| 43 | DOING IT RIGHT TECHNOLOGIES LL | North Bergen, NJ | Specialized Freight (except Used Goods) Trucking, Local | $500K – $1M | 5.8% | 42 |
| 44 | SALTY ENTERPRISES LLC | Chesterfield, NJ | Full-Service Restaurants | $1M – $2.5M | 5.5% | 42 |
| 45 | JAMES E CONNER JR PLUMBING INC | Blackwood, NJ | Plumbing, Heating, and Air-Conditioning Contractors | $2.5M – $5M | 6.5% | 42 |
| 46 | SALON BLK. | Sewell, NJ | Beauty Salons | $250K or less | 9.3% | 41 |
| 47 | ARK PROJECT LLC | Wood Ridge, NJ | Administrative Management and General Management Consulting Services | $250K or less | 8.0% | 40 |
| 48 | ALYFT TRANSPORT LLC | Totowa, NJ | All Other Support Activities for Transportation | $250K or less | 10.8% | 40 |
| 49 | ARTIS BREWERY LLC | Freehold, NJ | Limited-Service Restaurants | $250K – $500K | 8.3% | 40 |
| 50 | SCHLESS BOTTLES INC | Carteret, NJ | Glass Container Manufacturing | $250K – $500K | 6.0% | 40 |
| 51 | DAAGS ENTERPRISE INC | Freehold, NJ | Limited-Service Restaurants | $250K – $500K | 6.3% | 40 |
| 52 | EVEXIA LLC | Montclair, NJ | Other Personal Care Services | $500K – $1M | 7.0% | 40 |
| 53 | KENSINGTON REAL ESTATE HOLDING | Cape May Court House, NJ | All Other Specialty Trade Contractors | $500K – $1M | 0.0% | 40 |
| 54 | 825 BLACKWOOD-CLEMENTON ROAD L | Lindenwold, NJ | Limited-Service Restaurants | $500K – $1M | 7.8% | 40 |
| 55 | SBB WINDOW IMPROVEMENTS LLC | Egg Harbor Township, NJ | Other Building Material Dealers | $500K – $1M | 4.8% | 40 |
| 56 | OBCM LLC | Cape May, NJ | Full-Service Restaurants | $1M – $2.5M | 6.0% | 40 |
| 57 | BLUEPRINT PLASTICS LLC | Oakland, NJ | Unsupported Plastics Bag Manufacturing | $1M – $2.5M | 7.6% | 40 |
| 58 | TORICO ICE CREAM LIMITED LIABI | Jersey City, NJ | Ice Cream and Frozen Dessert Manufacturing | $1M – $2.5M | 7.0% | 40 |
| 59 | HUDSON SQUARE HOSPITALITY GROU | Matawan, NJ | Full-Service Restaurants | $1M – $2.5M | 6.3% | 40 |
| 60 | GABEL ASSOCIATES INC. | Highland Park, NJ | Other Scientific and Technical Consulting Services | $500K – $1M | 5.0% | 39 |
| 61 | 517 RIO NMF LLC | Wildwood, NJ | Full-Service Restaurants | $1M – $2.5M | 7.0% | 39 |
| 62 | WINDOW25 LLC | Kenilworth, NJ | Window Treatment Stores | $250K or less | 8.3% | 38 |
| 63 | WIT’Z END LLC | Randolph, NJ | $500K – $1M | 9.0% | 38 | |
| 64 | MUTUAL SCREW & SUPPLY LLC | Rochelle Park, NJ | Hardware Merchant Wholesalers | $1M – $2.5M | 9.0% | 38 |
| 65 | SOUTH JERSEY PLAYCARE LLC | Cherry Hill, NJ | Child Day Care Services | $1M – $2.5M | 5.8% | 38 |
| 66 | BOOBUB CORPORATION | Asbury Park, NJ | Advertising Agencies | $1M – $2.5M | 8.3% | 38 |
| 67 | PARKWAY-KEW CORP | North Brunswick, NJ | Metal Heat Treating | $1M – $2.5M | 8.3% | 38 |
| 68 | 448 REAL ESTATE LLC | Englishtown, NJ | Full-Service Restaurants | $2.5M – $5M | 5.3% | 38 |
| 69 | EL PATRON MEXICAN RESTAURANT L | Glen Gardner, NJ | Full-Service Restaurants | $250K – $500K | 6.3% | 37 |
| 70 | ELI & ENAKSHI CONTRACTING CORP | Rockaway, NJ | Poured Concrete Foundation and Structure Contractors | $500K – $1M | 7.3% | 37 |
| 71 | STRETCH CUNNINGHAM’S NJ1 LLC | Ridgewood, NJ | Fitness and Recreational Sports Centers | $250K – $500K | 6.3% | 36 |
| 72 | HARMONY JUICE | Moorestown, NJ | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 5.3% | 36 |
| 73 | RLP CPA LLC | Sayreville, NJ | Offices of Certified Public Accountants | $250K – $500K | 9.8% | 36 |
| 74 | DAVE & DAN’S LANDSCAPE L.L.C. | Elmwood Park, NJ | Landscaping Services | $500K – $1M | 5.3% | 36 |
| 75 | ALL FUN AND PLAY LLC | Paramus, NJ | Amusement Arcades | $1M – $2.5M | 9.8% | 36 |
| 76 | POINT INTEGRITY SOLUTIONS LLC | Southampton, NJ | Support Activities for Oil and Gas Operations | $1M – $2.5M | 5.8% | 36 |
| 77 | CM METALS NJ LLC | Dover, NJ | Recyclable Material Merchant Wholesalers | $1M – $2.5M | 9.3% | 36 |
| 78 | O.S.T. ENT LLC | Manalapan, NJ | Full-Service Restaurants | $2.5M – $5M | 7.0% | 36 |
| 79 | LBA OF HACKENSACK LLC | Hackensack, NJ | Child Day Care Services | $250K or less | 7.5% | 35 |
| 80 | CRANBURY INN R&P MANAGEMENT L | Cranbury, NJ | $2.5M – $5M | 5.8% | 35 | |
| 81 | RIGHTTALENTS LLC | Nutley, NJ | All Other Professional, Scientific, and Technical Services | $250K – $500K | 9.3% | 34 |
| 82 | COBAIN CREAMERY LLC | Jackson, NJ | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 8.1% | 34 |
| 83 | HARMONY ASSOCIATION LLC | Lyndhurst, NJ | Child Day Care Services | $2.5M – $5M | 5.5% | 34 |
| 84 | TINY SKILL SEEKERS LLC | Clinton, NJ | Child Day Care Services | $500K – $1M | 6.5% | 33 |
| 85 | PRN CARE LL | Clifton, NJ | Home Health Care Services | $250K or less | 3.8% | 32 |
| 86 | FUTURE FITNESS LLC | Kenilworth, NJ | All Other Personal Services | $250K or less | 6.8% | 32 |
| 87 | NIMBLE CLINICAL RESEARCH LLC | Bridgewater, NJ | Custom Computer Programming Services | $250K – $500K | 3.0% | 32 |
| 88 | BIG MAN HOLDINGS LLC | Maple Shade, NJ | $250K – $500K | 6.8% | 32 | |
| 89 | PFG OF NEW JERSEY LLC | Runnemede, NJ | Other Building Equipment Contractors | $500K – $1M | 5.3% | 32 |
| 90 | THE COVE CRAFT COCKTAILS & CU | Wildwood, NJ | Insurance Agencies and Brokerages | $1M – $2.5M | 4.8% | 32 |
| 91 | B LINEN SERVICE INC | Paterson, NJ | Drycleaning and Laundry Services (except Coin-Operated) | $1M – $2.5M | 6.3% | 32 |
| 92 | JANCEL INC | Cranford, NJ | Industrial and Commercial Fan and Blower and Air Purification Equipmen | $2.5M – $5M | 5.0% | 32 |
| 93 | CRLK BRANCHBURG LLC | Branchburg, NJ | Child Day Care Services | $500K – $1M | 5.5% | 31 |
| 94 | GOLF KINGS BRICK LLC | Brick, NJ | All Other Amusement and Recreation Industries | $1M – $2.5M | 7.0% | 31 |
| 95 | SAFE NJ LLC | Somerset, NJ | Limited-Service Restaurants | $250K or less | 7.4% | 30 |
| 96 | KFM LLC | South River, NJ | Offices of Real Estate Agents and Brokers | $250K or less | 6.3% | 30 |
| 97 | ENM CONTRACTING INC | Toms River, NJ | Commercial and Institutional Building Construction | $250K – $500K | 9.0% | 30 |
| 98 | METHOD ASSOCIATES INC. | Keyport, NJ | Unsupported Plastics Bag Manufacturing | $250K – $500K | 9.0% | 30 |
| 99 | SHREE GANESHA 29 LLC | Millville, NJ | Full-Service Restaurants | $250K – $500K | 9.0% | 30 |
| 100 | EAT CLEAN BRO! LLC | Freehold, NJ | Limited-Service Restaurants | $500K – $1M | 7.0% | 30 |
Note about SBA lenders near me in New Jersey
When it comes to top New Jersey SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the New Jersey preferred lender list, 2) approved lenders in New Jersey, or 3) active participants in the New Jersey SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in New Jersey swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in New Jersey, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.