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
3	Savoy Bank	24	$31,167,300
4	NewBank	36	$24,893,500
5	Berkshire Bank	26	$24,261,500
6	Santander Bank, National Association	77	$22,580,800
7	Peapack-Gladstone Bank	31	$22,377,000
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
12	First Bank	17	$17,097,500
13	FinWise Bank	12	$16,759,000
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
18	Radius Bank	9	$13,188,800
19	1st Constitution Bank	12	$10,980,000
20	First Home Bank	47	$10,550,000
21	Unity Bank	12	$10,545,600
22	Byline Bank	7	$10,255,000
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
27	Provident Bank	11	$9,216,000
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
32	Noah Bank	16	$7,340,000
33	Harvest Small Business Finance, LLC	5	$6,384,700
34	Cross River Bank	6	$6,380,500
35	Customers Bank	7	$6,331,000
36	Magyar Bank	5	$6,152,000
37	Meridian Bank	14	$6,058,000
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
43	Centric Bank	4	$5,144,000
44	Centennial Bank	1	$5,000,000
45	Haddon Savings Bank	4	$4,950,000
46	Stearns Bank National Association	23	$4,895,600
47	Hyperion Bank	5	$4,870,000
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.