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 2020, top 50 SBA banks providing SBA loans in New Jersey. As a strong state for small business entrepreneurs, New Jersey SBA loan providers financed 1,866 businesses valued at $767,410,200 for the FY of 2019.
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in New Jersey include some of the larger banks like TD Bank and Republic First Bank, as well as some smaller players, including Metro City Bank and Radius Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in New Jersey. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top New Jersey SBA lenders. Here is our GoSBA’s official ranking for the 50 Best New Jersey SBA Lenders In 2020.
|RANK||BANK||LOANS FUNDED||VOLUME FUNDED ($)|
|1||TD Bank, National Association||600||$64,661,500|
|2||Republic First Bank||27||$58,574,800|
|6||Santander Bank, National Association||77||$22,580,800|
|8||Newtek Small Business Finance, Inc.||35||$22,253,000|
|9||New Millennium Bank||25||$19,598,000|
|10||Wells Fargo Bank, National Association||97||$18,732,000|
|11||JPMorgan Chase Bank, National Association||76||$18,292,000|
|14||Fulton Bank, National Association||20||$14,643,500|
|15||Capital One, National Association||9||$14,516,300|
|16||Manufacturers and Traders Trust Company||108||$13,674,900|
|17||Metro City Bank||7||$13,620,000|
|19||1st Constitution Bank||12||$10,980,000|
|20||First Home Bank||47||$10,550,000|
|23||Two River Community Bank||9||$10,206,000|
|24||Bank of Hope||15||$10,048,000|
|25||Atlantic Stewardship Bank||17||$10,035,000|
|26||Live Oak Banking Company||11||$9,920,000|
|28||Readycap Lending, LLC||10||$8,651,300|
|29||BCB Community Bank||9||$8,510,000|
|30||PNC Bank, National Association||62||$7,578,800|
|31||Sturdy Savings Bank||18||$7,523,300|
|33||Harvest Small Business Finance, LLC||5||$6,384,700|
|34||Cross River Bank||6||$6,380,500|
|38||Pacific Western Bank||8||$5,782,400|
|39||First Commerce Bank||20||$5,752,000|
|40||KeyBank National Association||3||$5,434,600|
|41||The Bancorp Bank||4||$5,339,300|
|42||World Trade Finance, Inc.||2||$5,250,000|
|45||Haddon Savings Bank||4||$4,950,000|
|46||Stearns Bank National Association||23||$4,895,600|
|48||Grand Bank, N.A.||14||$4,837,000|
|49||Pacific Premier Bank||5||$4,802,000|
|50||Valley National Bank||4||$4,658,000|
Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in New Jersey.