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Home » News » Top SBA Lenders – SBA Loans New Jersey

Top SBA Lenders – SBA Loans New Jersey

Published by sbalenders On February 26, 2020

Last annual update: Feb 7, 2021

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Top New Jersey PPP lenders (loans <$150,000)

RankBank of America# PPP Loans
1TD Bank20,581
2Bank of America13,870
3Kabbage9,030
4JPMorgan Chase Bank9,026
5PNC Bank7,463
6Cross River Bank6,904
7Wells Fargo Bank6,694
8Valley National Bank4,878
9Celtic Bank Corporation3,981
10WebBank3,028

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:

Most active SBA lenders in New Jersey

State RankBankBank Headquarters# of LoansAvg LoanAvg Interest
1TD BankWilmington, DE579$103,39010.0%
2M&TBuffalo, NY111$151,2929.2%
3Wells FargoSioux Falls, SD87$192,6639.8%
4Santander BankWilmington, DE77$142,3069.3%
5JPMorgan Chase BankColumbus, OH70$237,0218.6%
6PNC BankWilmington, DE67$145,3077.9%
7First Home BankSaint Petersburg, FL48$248,2068.1%
8Newtek Small Business FinanceLake Success, NY42$662,2868.2%
9Berkshire BankPittsfield, MA34$1,096,8977.8%
10Fulton BankLancaster, PA33$549,4708.9%
11Peapack-Gladstone BankBedminster, NJ29$919,0347.5%
12Trenton BusinessMercerville, NJ29$107,9317.6%
13NewBankNew York City, NY25$266,4407.4%
14Republic BankPhiladelphia, PA24$1,874,9927.0%
15New Millennium BankFort Lee, NJ24$801,5837.0%
16Stearns BankSaint Cloud, MN22$207,9008.0%
17Savoy BankNew York City, NY21$720,0337.4%
18Five Star BankRancho Cordova, CA19$240,7898.0%
19Independence BankEast Greenwich, RI19$139,4745.4%
20Live OakWilmington, NC18$1,035,3896.9%

  Traditional small biz loan inquiry  

  Apply online for a PPP loan today   

PPP loan activity data: CARES Act from March – August 2020. Does not include 2021 PPP loans.

Categories: News Tags: New Jersey
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Copyright 2021. All rights reserved. Note: We are not part of or affiliated with the Small Business Administration or U.S. Government.
Note: We are not part of or affiliated with the Small Business Administration or U.S. Government.

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Top SBA Lenders - SBA Loans New Jersey