Best SBA Lenders in Wayne, NJ (2026)
2025 FOIA data: top lenders, rates & industries for Wayne SBA loans
SBA Loans in Wayne, New Jersey
Looking for an SBA loan in Wayne, New Jersey? Based on 2025 FOIA data, 25 SBA 7(a) loans were funded in Wayne totaling $13.9M, supporting an estimated 508 jobs. With 12 active lenders competing for business in the Wayne market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Wayne is $554K at an average rate of 10.47%. The top lender in Wayne is Seacoast National Bank, with the most-funded industry being Wood Kitchen Cabinet and Countertop Manufacturing. See all New Jersey SBA lenders for statewide rankings.
SBA Loans in Wayne by Business Type
Whether you’re starting a new business in Wayne, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 12% of SBA loans in Wayne (3 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 4% (2 loans) — if you’re looking to buy a business in Wayne, this is a proven use case for SBA financing. Existing businesses make up 80% and typically receive the most favorable terms.
Top SBA Lenders in Wayne, NJ (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Wayne businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Seacoast National Bank | $4.0M | 1 | 9.5% |
| 2 | Live Oak Banking Company | $3.0M | 4 | 10.62% |
| 3 | Wells Fargo Bank National Association | $2.2M | 1 | 7.25% |
| 4 | The Huntington National Bank | $1.4M | 2 | 7.75% |
| 5 | Readycap Lending, LLC | $1.0M | 2 | 10.38% |
| 6 | Northeast Bank | $625K | 3 | 10.33% |
| 7 | Manufacturers and Traders Trust Company | $473K | 5 | 11.75% |
| 8 | TD Bank, National Association | $290K | 3 | 10.5% |
| 9 | Provident Bank | $270K | 1 | 10.75% |
| 10 | Peapack Private Bank and Trust | $252K | 1 | 10.5% |
The top lenders in Wayne have direct experience with local businesses and understand the Wayne 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 Wayne 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 Wayne
One 5-minute application. 12+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Wayne
These are the industries that received the most SBA 7(a) funding in Wayne 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 |
|---|---|---|
| Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $4.0M |
| Home Health Care Services | 2 | $2.5M |
| Car Washes | 1 | $2.2M |
| Offices of Dentists | 2 | $1.4M |
| Advertising Agencies | 1 | $500K |
| Residential Property Managers | 1 | $500K |
| Limited-Service Restaurants | 2 | $500K |
| New Single-Family Housing Construction (except Operative Builders) | 1 | $350K |
| Commercial Gravure Printing | 1 | $270K |
| Pet Care (except Veterinary) Services | 1 | $252K |
Lenders with experience funding your specific industry in Wayne 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 Wayne
Option 1: Apply directly to one of the top Wayne 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 Wayne-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.
