SBA Lenders in New Jersey
32 active SBA lenders · 11,948 loans approved · $6.5B total volume
All SBA Lenders in New Jersey
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Readycap Lending, LLC | BERKELEY HEIGHTS | 9,561 | $4.1B | $432K | ⭐ |
| New Millennium Bank | FORT LEE | 324 | $330.5M | $1.0M | ⭐ |
| Provident Bank | JERSEY CITY | 297 | $282.8M | $952K | ⭐ |
| Peapack Private Bank and Trust | Bedminster | 257 | $313.7M | $1.2M | ⭐ |
| Valley National Bank | PASSAIC | 245 | $279.2M | $1.1M | ⭐ |
| ConnectOne Bank | ENGLEWOOD CLIFFS | 199 | $173.4M | $871K | ⭐ |
| 1st Colonial Community Bank | COLLINGSWOOD | 160 | $111.6M | $698K | ⭐ |
| Trenton Business Assistance Corporation | Princeton | 130 | $20.1M | $155K | ⭐ |
| Cross River Bank | Fort Lee | 121 | $175.7M | $1.5M | ⭐ |
| Unity Bank | CLINTON | 111 | $136.6M | $1.2M | ⭐ |
| Financial Resources Federal Credit Union | Branchburg | 95 | $156.3M | $1.6M | ⭐ |
| First Bank | HAMILTON | 87 | $83.2M | $956K | ⭐ |
| Magyar Bank | NEW BRUNSWICK | 78 | $71.8M | $920K | ⭐ |
| Columbia Bank | Fair Lawn | 66 | $66.2M | $1.0M | ⭐ |
| First Commerce Bank | Lakewood | 50 | $42.2M | $845K | ⭐ |
| The Bank of Princeton | PRINCETON | 24 | $10.1M | $420K | — |
| Manasquan Bank | WALL TOWNSHIP | 19 | $11.3M | $597K | — |
| Northfield Bank | Woodbridge | 17 | $14.8M | $868K | — |
| Somerset Regal Bank | BOUND BROOK | 16 | $9.9M | $617K | ⭐ |
| Haddon Savings Bank | HADDON HEIGHTS | 14 | $28.1M | $2.0M | — |
| Hana Bank USA National Association | Fort Lee | 14 | $12.7M | $910K | — |
| Blue Foundry Bank | Parsippany | 13 | $16.5M | $1.3M | — |
| Parke Bank | SEWELL | 13 | $7.4M | $570K | — |
| Kearny Bank | KEARNY | 10 | $9.1M | $906K | ⭐ |
| The First National Bank of Absecon | ABSECON | 7 | $5.4M | $775K | — |
| The First National Bank of Elmer | ELMER | 7 | $3.1M | $436K | — |
| BCB Community Bank | BAYONNE | 3 | $6.3M | $2.1M | ⭐ |
| Union County Economic Development Corporation | Cranford | 3 | $470K | $157K | — |
| Sturdy Savings Bank | STONE HARBOR | 2 | $2.8M | $1.4M | ⭐ |
| OceanFirst Bank, National Association | TOMS RIVER | 2 | $2.4M | $1.2M | ⭐ |
| Century Savings Bank | Vineland | 2 | $695K | $348K | — |
| Haven Savings Bank | HOBOKEN | 1 | $750K | $750K | — |
Finding an SBA Lender in New Jersey
There are currently 32 SBA-approved lenders headquartered in New Jersey, ranging from national banks to local community lenders. Together they have approved 11,948 SBA 7(a) loans totaling $6.5B since 2020.
Of these, 20 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for New Jersey
How many SBA lenders are in New Jersey?
There are currently 32 SBA-approved lenders headquartered in New Jersey. Together they have approved 11,948 SBA 7(a) loans totaling $6.5B since 2020. Of these, 20 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in New Jersey?
An SBA Preferred Lender (PLP) in New Jersey is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. New Jersey currently has 20 Preferred Lenders.
How do I choose the best SBA lender in New Jersey?
When choosing an SBA lender in New Jersey, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 32 New Jersey lenders so you can compare objectively.
How long does SBA loan approval take in New Jersey?
With an SBA Preferred Lender in New Jersey, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.