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GoSBA’s 50 Best New Jersey SBA Lenders In 2017

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 2017, 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 2017.

 

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 2017.

 

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

 

 

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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