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 $642,239,600 million in 2018.
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in New Jersey include some of the larger banks like Wells Fargo and Chase Bank, as well as some smaller players, including Berkshire Bank and Customers Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in New Jersey. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top New Jersey SBA lenders. Here is our GoSBA’s official ranking for the 50 Best New Jersey SBA Lenders In 2018.
|RANK||BANK||LOANS FUNDED||VOLUME FUNDED ($)|
|2||JP Morgan Chase||135||23,380,100|
|3||Wells Fargo Bank||127||22,341,000|
|7||New Millennium Bank||46||28,262,000|
|10||Celtic Bank Corporation||43||8,893,400|
|12||Sturdy Savings Bank||41||18,092,600|
|13||First Home Bank||39||9,436,000|
|15||Live Oak Banking Company||29||25,102,600|
|16||Fulton Bank of New Jersey||29||14,527,000|
|22||Newtek Small Bus. Finance Inc.||18||11,293,000|
|24||Two River Community Bank||17||14,199,000|
|28||Citizens Bank of Pennsylvania||16||2,796,500|
|31||Stearns Bk Natl Assoc||14||3,547,900|
|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|
|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|
|48||Metro City Bank||7||8,036,000|
|49||Firstrust Savings Bank||7||6248,500|