Best SBA Lenders in Piscataway, NJ (2026)
2025 FOIA data: top lenders, rates & industries for Piscataway SBA loans
SBA Loans in Piscataway, New Jersey
Looking for an SBA loan in Piscataway, New Jersey? Based on 2025 FOIA data, 26 SBA 7(a) loans were funded in Piscataway totaling $18.4M, supporting an estimated 353 jobs. With 14 active lenders competing for business in the Piscataway market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Piscataway is $708K at an average rate of 11.2%. The top lender in Piscataway is Northwest Bank, with the most-funded industry being Caterers. See all New Jersey SBA lenders for statewide rankings.
SBA Loans in Piscataway by Business Type
Whether you’re starting a new business in Piscataway, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 8% of SBA loans in Piscataway (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 16% (1 loans) — if you’re looking to buy a business in Piscataway, this is a proven use case for SBA financing. Existing businesses make up 76% and typically receive the most favorable terms.
Top SBA Lenders in Piscataway, NJ (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Piscataway businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Northwest Bank | $5.0M | 1 | 9% |
| 2 | Firstrust Savings Bank | $4.4M | 1 | 10% |
| 3 | First Bank | $3.0M | 2 | 11% |
| 4 | Stearns Bank National Association | $955K | 1 | 10% |
| 5 | The Huntington National Bank | $918K | 4 | 10% |
| 6 | TD Bank, National Association | $775K | 3 | 11.83% |
| 7 | Northeast Bank | $750K | 2 | 10.5% |
| 8 | JPMorgan Chase Bank, National Association | $610K | 3 | 12.43% |
| 9 | Live Oak Banking Company | $425K | 1 | 10.49% |
| 10 | Newtek Bank, National Association | $400K | 2 | 13.88% |
The top lenders in Piscataway have direct experience with local businesses and understand the Piscataway market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Piscataway and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Piscataway
One 5-minute application. 14+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Piscataway
These are the industries that received the most SBA 7(a) funding in Piscataway in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Caterers | 1 | $5.0M |
| Child Day Care Services | 1 | $4.4M |
| Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $2.9M |
| Custom Computer Programming Services | 4 | $1.4M |
| Brick, Stone, and Related Construction Material Merchant Wholesalers | 1 | $955K |
| Snack and Nonalcoholic Beverage Bars | 4 | $918K |
| Home Health Care Services | 2 | $550K |
| Data Processing, Hosting, and Related Services | 2 | $500K |
| Commercial and Institutional Building Construction | 1 | $400K |
| Full-Service Restaurants | 1 | $400K |
Lenders with experience funding your specific industry in Piscataway understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Piscataway
Option 1: Apply directly to one of the top Piscataway lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Piscataway-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
