Top SBA Lenders – SBA Loans New Jersey

Last annual update: May 2, 2023


  Find me a lender

Few New Jersey-based banks were among the largest lenders to “The Garden State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in New Jersey:

Top SBA lenders in New Jersey

NJ RankNew Jersey BankBank HQs# of LoansAvg InterestAvg NJ Loan
1TD BankWilmington, DE2718.8%$113,534
2M&TBuffalo, NY868.3%$104,840
3Newtek Small Business FinanceLake Success, NY447.0%$788,170
4Wells FargoSioux Falls, SD437.9%$355,121
5BayFirst National BankSaint Petersburg, FL428.3%$193,726
6PNC BankWilmington, DE376.5%$480,403
7BancorpSouth BankTupelo, MS327.6%$275,078
8Live OakWilmington, NC256.8%$1,603,960
9Santander BankWilmington, DE258.9%$52,232
10Northeast BankLewiston, ME237.3%$26,522
11JPMorgan Chase BankColumbus, OH226.9%$284,114
12Meridian BankMalvern, PA216.1%$1,304,552
13Readycap Lending, LLCBerkeley Heights, NJ217.7%$293,548
14The Huntington National BankColumbus, OH217.2%$494,790
15Wilmington Savings Fund SocietyWilmington, DE216.1%$1,076,867
16Berkshire BankPittsfield, MA206.5%$1,061,250


SBA loans – New Jersey

A note about these New Jersey SBA lenders – People frequently ask us if one of the banks above is 1) on the New Jersey preferred lender list 2) an approved lender in New Jersey, or 3) participating in the New Jersey SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in New Jersey and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in New Jersey. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

  Find me a lender