SBA Lenders in New Jersey
Top lenders ranked by real SBA lending data. See who's most active in New Jersey across deal count, loan size, and pricing.
What Borrowers Should Know
New Jersey's median 7(a) spread of P+2.48% is 27 basis points below the national median of P+2.75%, meaning borrowers here pay meaningfully less interest on SBA loans. This pricing advantage likely reflects TD Bank's dominant market position (1,414 deals—30% of all NJ deals) giving them enough volume to compete aggressively, creating downward pressure that benefits all borrowers in the state.
TD Bank holds such outsized market share (1,414 deals versus 259 for the second-place lender) that the SBA lending market in New Jersey is heavily concentrated. While this creates pricing competition favoring borrowers, it means you have limited alternative lenders if TD declines your application—you're essentially choosing between TD and 205 much smaller competitors with lower deal volumes and potentially less streamlined processes.
The average deal size of $413,469 suggests New Jersey's SBA market skews toward mid-sized loans rather than microloans or large growth capital. If your loan request is significantly smaller (under $250K) or larger (over $750K), you may face less lender competition and higher spreads, since most of the state's 206 active lenders are clearly optimized around this $400K+ sweet spot.
Total SBA Loans
4,679
Active Lenders
165
Avg Deal Size
$413K
Total Volume
$1.9B
Top 10 Lenders in New Jersey
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | Bank | 1,427 | $112K | P + 2.13%GOOD | |
| 2 | Manufacturers and Traders Trust Company | Bank | 263 | $109K | P + 2.75%AVERAGE | |
| 3 | Fulton Bank, National Association | Bank | 222 | $943K | P + 2.25%GOOD | |
| 4 | JPMorgan Chase Bank, National Association | Bank | 199 | $198K | P + 2.77%ABOVE AVG | |
| 5 | Wells Fargo Bank National Association | Bank | 193 | $194K | P + 2.70%AVERAGE | |
| 6 | Santander Bank, National Association | Bank | 155 | $150K | P + 1.42%COMPETITIVE | |
| 7 | Trenton Business Assistance Co | CDC/504 | 143 | $710K | P + 3.06%ABOVE AVG | |
| 8 | Provident Bank | Bank | 135 | $870K | P + 2.25%GOOD | |
| 9 | PNC Bank, National Association | Bank | 117 | $166K | P + 1.90%GOOD | |
| 10 | Northeast Bank | Bank | 94 | $196K | P + 2.75%AVERAGE |
Top Industries in New Jersey
SBA lending activity by industry segment.