The U.S. Small Business Administration (SBA) New Jersey District Office serves 21 counties which have a combined population base of nearly 9 million residents. New Jersey possesses a diverse and prosperous economic base as it is a known for its pharmaceuticals, life science, financial services, manufacturing, information technology and transportation.

 

Finding the best and cheapest business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in New Jersey for you. After reading our analysis, please click apply now and we will able to match you with the best SBA loan providers in New Jersey.

 

GoSBA Loans is proud to announce the 2018, top 50 SBA banks providing SBA loans in New Jersey. As a strong state for small business entrepreneurs, New Jersey SBA loan providers financed 2,037 businesses valued at $642,239,600 million in 2018.

 

One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in New Jersey include some of the larger banks like Wells Fargo and Chase Bank, as well as some smaller players, including Berkshire Bank and Customers Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in New Jersey. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top New Jersey SBA lenders. Here is our GoSBA’s official ranking for the 50 Best New Jersey SBA Lenders In 2018.

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	TD Bank	738	53,427,800
2	JP Morgan Chase	135	23,380,100
3	Wells Fargo Bank	127	22,341,000
4	M&T	90	14,996,200
5	Santander Bank	56	8,730,300
6	Noah Bank	49	31,576,000
7	New Millennium Bank	46	28,262,000
8	Republic Bank	45	40,920,000
9	PNC	45	11,430,700
10	Celtic Bank Corporation	43	8,893,400
11	NewBank	42	27,371,000
12	Sturdy Savings Bank	41	18,092,600
13	First Home Bank	39	9,436,000
14	Independence Bank	32	3,792,000
15	Live Oak Banking Company	29	25,102,600
16	Fulton Bank of New Jersey	29	14,527,000
17	Provident Bank	26	19,365,000
18	Unity Bank	25	20,956,000
19	Grand Bank	25	9,099,000
20	Peapack-Gladstonr Bank	23	22,515,000
21	Kearny Bank	19	12,789,000
22	Newtek Small Bus. Finance Inc.	18	11,293,000
23	Columbia Bank	18	5,412,000
24	Two River Community Bank	17	14,199,000
25	Beneficial Bank	17	13,790,200
26	Customers Bank	16	7,953,500
27	Berkshire Bank	16	4,600,500
28	Citizens Bank of Pennsylvania	16	2,796,500
29	Centric Bank	15	6,005,000
30	Maygar Bank	14	7,975,500
31	Stearns Bk Natl Assoc	14	3,547,900
32	First Bank	11	15,649,000
33	Parke Bank	11	11,303,100
34	Capital One Natl Assoc	11	7,018,100
35	BCB Community Bank	11	6,967,000
36	Financial Resources FCU	11	5,742,300
37	1st Constitution Bank	11	3,365,000
38	First Commerce Bank	11	2,149,000
39	The Bancorp Bank	9	9,683,400
40	Bank of America Natl Assoc	9	8,483,700
41	Woori America Bank	9	5,397,000
42	Lakeland Bank	9	4,274,000
43	Indus American Bank	8	6,160,000
44	1st Colonial Community Bank	8	4,217,000
45	Spirit of Texas Bank	8	3,024,700
46	Bank of Hope	8	2,951,000
47	Savoy Bank	7	21,710,000
48	Metro City Bank	7	8,036,000
49	Firstrust Savings Bank	7	6248,500
50	Flushing Bank	6	5,285,000