Searching for trusted New Jersey SBA lenders to power your business growth? Our comprehensive directory connects New Jersey entrepreneurs with approved SBA loan providers throughout Newark, Jersey City, Trenton, Camden and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for New Jersey businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your New Jersey small business thrive in the Garden State’s diverse economic landscape.
| Lender Name | County | Website | Phone |
|---|---|---|---|
| Columbia Bank | Bergen | columbiabankonline.com | 201-421-2540 |
| 1st Constitution Bank | Bergen | 1stconstitution.com | 201-461-1318 |
| Cross River Bank | Bergen | crossriver.com | 201-808-7159 |
| Pursuit | Bergen | pursuitlending.com | 201-346-0300 or 866-466-9232 |
| M&T Bank | Bergen | locations.mtb.com | 201-967-0950 |
| Firstrust Savings Bank | Burlington | firstrust.com | 856-596-5965 |
| Fulton Bank | Burlington | fultonbank.com | 856-787-6200 |
| Cooperative Business Assistance Corp (CBAC) | Camden | cbaclenders.com | 856-966-8181 |
| WSFS Bank | Camden | locations.wsfsbank.com | 609-674-3937 |
| 1st Colonial Community Bank | Camden | 1stcolonial.com | 856-858-1100 |
| Haddon Savings Bank | Camden | haddonsavingsbank.com | 856-547-3700 |
| Sturdy Savings Bank | Cape May | sturdyonline.com | 609-465-2700 |
| Kearny Bank | Essex | kearnybank.com | 973-439-3327 or 973-439-3356 |
| Industrial Bank | Essex | industrial-bank.com | 973-624-0865 |
| Regal Bank | Essex | regalbanknj.com | 732-560-0004 |
| Parke Bank | Gloucester | parkebank.com | 609-646-6677 |
| BCB Community Bank | Hudson | bcb.bank | 201-823-0700 x2053 |
| Unity Bank | Hunterdon | unitybank.com | 609-276-1286 |
| TD Bank | Hunterdon | locations.td.com | 908-237-4762 |
| First Bank | Mercer | firstbanknj.com | 609-643-4325 |
| Regional Business Assistance Corp. (RBAC) | Mercer | rbacloan.com | 609-587-1133 |
| Republic Bank | Mercer | myrepublicbank.com | 609-281-9971 |
| Peapack-Gladstone Bank | Mercer | pgbank.com | 908-234-0700 |
| PNC Bank | Middlesex | apps.pnc.com | 732-220-3801 or 732-220-4562 |
| Hanmi Bank | Middlesex | locations.hanmi.com | 732-494-4606 |
| Bank of America | Middlesex | locators.bankofamerica.com | 732-321-5952 |
| JPMorgan Chase & Co. | Middlesex | locator.chase.com | 732-650-3707 |
| Provident Bank | Middlesex | provident.bank | 732-590-9200 |
| Magyar Bank | Middlesex | magbank.com | 732-342-7600 x135 |
| The Mint National Bank | Middlesex | themint.bank | 732-767-3350 |
| Lakeland Bank | Monmouth | lakelandbank.com | 732-276-1352 |
| Wells Fargo | Monmouth | wellsfargo.com | 732-276-8443 |
| 44 Business Capital (division of Berkshire Bank) | Monmouth | firstcommercebk.com | 908-343-3356 |
| First Commerce Bank | Ocean | firstcommercebk.com | 201-767-0985 |
| Valley Bank | Passaic | locations.valley.com | 862-261-3024 |
| The First National Bank of Elmer | Salem | elmerbank.com | 865-385-7000 x0500 |
| Affinity Federal Credit Union | Somerset | affinityfcu.com | 908-860-3838 |
| Financial Resources FCU | Somerset | myfinancialresources.org | 908-253-6641 |
| UCEDC | Union | ucedc.com | 908-527-1166 |
| Crown Bank | Union | crownbankonline.com | 908-659-2100 |
| Ready Cap Lending LLC | Union | readycapital.com | 800-453-3548 |
| Accion East | OUT OF STATE | accioneast.org | 866-245-2783 |
| Bancorp Bank | OUT OF STATE | thebancorp.mybankingservices.com | 215-861-7800 |
| Beneficial Bank | OUT OF STATE | wsfsbank.com | 215-864-3538 |
| BNB Bank | OUT OF STATE | customers.dime.com | 212-689-5292 x1281 |
| Celtic Bank Corporation | OUT OF STATE | celticbank.com | 877-295-3237 |
| Centric Bank | OUT OF STATE | centricbank.com | 717-657-7727 |
| Citi Bank | OUT OF STATE | citi.com | 202-508-4528 |
| Citizens Bank | OUT OF STATE | citizensbank.com | 267-671-1000 |
| Customers Bank | OUT OF STATE | customersbank.com | 484-334-4832 |
| Dime Community Bank | OUT OF STATE | dime.com | 718-782-6200 x5650 |
| Dogwood State Bank | OUT OF STATE | dogwoodstatesbl.com | 973-551-8614 |
| East West Bank | OUT OF STATE | eastwestbank.com | 212-266-7961 |
| Flushing Bank | OUT OF STATE | flushingbank.com | 212-477-9424 x0659 or x0662 |
| HSBC | OUT OF STATE | us.hsbc.com | 716-853-4944 |
| Hyperion Bank | OUT OF STATE | hyperionbank.com | 215-789-4200 |
| Independence Bank | OUT OF STATE | 1776bank.com | 401-886-4600 |
| Live Oak Bank | OUT OF STATE | liveoakbank.com | 910-685-7438 |
| NewBank | OUT OF STATE | newbankusa.com | 718-353-8100 |
| Newtek Small Business Finance Inc. | OUT OF STATE | newtekone.com | 855-763-8835 or 212-356-9526 |
| Pacific City Bank | OUT OF STATE | paccity.net | 917-565-7055 |
| Radius Bank | OUT OF STATE | radiusbank.com | 617-482-4000 |
| Savoy Bank | OUT OF STATE | savoybank.com | 646-775-4000 |
| Spirit of Texas Bank | OUT OF STATE | sotb.com | 320-258-6607 |
| Tioga Franklin Savings Bank | OUT OF STATE | tiogafranklin.com | 215-423-8012 |
| United Bank of Philadelphia | OUT OF STATE | ubphila.com | 215-231-3679 or 215-231-3692 |
| Univest Bank & Trust Company | OUT OF STATE | univest.net | 215-721-2460 |
Frequently Asked Questions
Q: What are SBA loans and how do they work in New Jersey?
A: SBA loans are government-backed loans provided through approved lenders in New Jersey. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to New Jersey small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables New Jersey entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to New Jersey businesses?
A: New Jersey businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in New Jersey?
A: To qualify for an SBA loan in New Jersey, businesses typically need:
- For-profit operation based in New Jersey
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do New Jersey SBA lenders support businesses in the pharmaceutical and life sciences sectors?
A: New Jersey’s status as the “Medicine Chest of the World” has created specialized SBA lending expertise in these sectors. Several New Jersey lenders have developed industry-specific loan packages designed for biotech startups, medical device manufacturers, pharmaceutical service providers, and healthcare technology companies. These lenders understand the unique capital needs, regulatory considerations, and growth trajectories of life sciences businesses and can structure loans accordingly. Some New Jersey SBA lenders coordinate with organizations like BioNJ, the HealthCare Institute of New Jersey, and the New Jersey Economic Development Authority’s life sciences programs to provide comprehensive support. These specialized lending programs have helped strengthen New Jersey’s life sciences ecosystem by financing businesses that complement major pharmaceutical companies like Johnson & Johnson, Merck, and Bristol Myers Squibb, with particular attention to innovative startups commercializing research from the state’s academic institutions and established companies creating next-generation healthcare solutions that maintain New Jersey’s global leadership in this critical sector.
Q: Are there special SBA loan programs for New Jersey’s manufacturing and advanced materials businesses?
A: Yes, New Jersey’s manufacturing heritage has influenced local SBA lending practices. Several New Jersey lenders offer tailored loan packages for specialty chemical producers, food manufacturers, metal fabricators, electronics assemblers, and advanced materials companies. These lenders understand the capital-intensive nature of manufacturing and can structure loans for equipment, facilities, and technology adoption. Some New Jersey SBA lenders coordinate with organizations like the New Jersey Manufacturing Extension Program and the New Jersey Business & Industry Association to help businesses access both financing and technical assistance. These specialized lending programs have helped strengthen New Jersey’s manufacturing competitiveness by financing businesses that are modernizing production processes, implementing automation, and developing specialized products for global markets. As manufacturing evolves in New Jersey from traditional mass production to higher-value specialized manufacturing, these lenders have developed expertise in helping companies navigate this transition through strategic capital investments that improve productivity and create higher-skill employment opportunities.
Q: How do New Jersey SBA lenders help businesses in the logistics and transportation sectors?
A: New Jersey’s strategic location as a transportation hub has created specialized lending expertise for logistics businesses. Several New Jersey SBA lenders offer industry-specific loan packages designed for warehousing operations, trucking companies, last-mile delivery services, and transportation technology providers. These lenders understand the unique capital needs and operational considerations of logistics businesses and can structure loans accordingly. Some New Jersey lenders coordinate with organizations like the New Jersey Motor Truck Association and the Port Authority of NY/NJ to provide comprehensive support. These specialized lending programs have helped strengthen New Jersey’s position as a logistics powerhouse by financing businesses that leverage the state’s extensive transportation infrastructure, including its major ports, highways, railways, and proximity to major consumer markets. As e-commerce continues transforming retail distribution, these lenders have developed expertise in financing the specialized facilities and technologies that enable modern supply chains, helping New Jersey businesses capitalize on the state’s strategic advantages in this rapidly evolving sector.
Q: Can technology and software development businesses in New Jersey access specialized SBA financing?
A: Yes, New Jersey’s growing technology presence benefits from specialized SBA lending expertise. Several New Jersey lenders offer tailored loan packages for software developers, fintech companies, cybersecurity firms, and other technology innovators. These lenders understand the unique growth patterns of technology businesses and can structure loans accordingly. Some New Jersey SBA lenders coordinate with organizations like the New Jersey Tech Council, Princeton Innovation Center, and the state’s various technology incubators to provide comprehensive support. While early-stage startups typically rely on venture capital, SBA loans become viable options as tech companies reach revenue generation and scaling phases. These specialized programs have supported New Jersey’s evolution as a technology hub by financing businesses that leverage the state’s highly educated workforce and strategic location between New York City and Philadelphia, helping create innovation corridors in areas like Princeton, Hoboken, and the Route 1 corridor that are attracting and retaining tech talent while creating high-value jobs throughout the state.
Q: How do New Jersey SBA lenders support businesses in urban revitalization and redevelopment areas?
A: New Jersey’s focus on urban renewal has led to specialized lending approaches for businesses in cities like Newark, Camden, Trenton, and Paterson. Several New Jersey SBA lenders participate in programs like the New Markets Tax Credit alongside SBA programs to provide enhanced options for entrepreneurs in designated redevelopment areas. These lenders often coordinate with organizations like the New Jersey Redevelopment Authority and urban enterprise zone programs to provide comprehensive support. Some New Jersey lenders have developed expertise in financing mixed-use developments, urban manufacturing, and neighborhood-serving retail that contributes to community revitalization. These specialized programs align with New Jersey’s efforts to strengthen urban economies through entrepreneurship, with particular attention to businesses that create jobs for local residents, provide needed services in underserved communities, and contribute to the transformation of New Jersey’s historic urban centers into vibrant, walkable communities that attract both businesses and residents seeking urban amenities with convenient transit access.
Q: Are there specialized SBA loan programs for New Jersey’s diverse immigrant entrepreneurs?
A: Yes, New Jersey’s multicultural population has influenced local SBA lending practices. Several New Jersey SBA lenders have developed specialized programs focused on expanding capital access for immigrant entrepreneurs, particularly in diverse communities like Jersey City, Paterson, Elizabeth, and Edison. These lenders often coordinate with organizations like the Statewide Hispanic Chamber of Commerce of New Jersey, the African American Chamber of Commerce of New Jersey, and various cultural business associations to provide culturally responsive support. Some New Jersey lenders offer multilingual services and flexible documentation requirements that recognize the unique challenges faced by immigrant entrepreneurs. These specialized lending programs align with New Jersey’s position as one of America’s most diverse states by providing tailored assistance that helps newcomers navigate the financial system, build credit histories, and access the capital needed to start and grow businesses that create jobs and revitalize neighborhoods while preserving cultural heritage and serving diverse communities.
Q: How do New Jersey SBA lenders support businesses in the clean energy and environmental technology sectors?
A: New Jersey’s ambitious clean energy goals have created specialized lending expertise for sustainability-focused businesses. Several New Jersey lenders offer tailored loan packages for solar installers, energy efficiency contractors, electric vehicle infrastructure developers, and environmental technology firms. These lenders understand the policy environment and incentive structures that influence clean energy economics and can structure loans accordingly. Some New Jersey SBA lenders coordinate with organizations like the New Jersey Clean Energy Program and the state’s Board of Public Utilities to provide comprehensive support. These specialized programs have supported New Jersey’s clean energy transition by financing businesses that implement renewable energy systems, develop energy-efficient technologies, and create environmental solutions, with particular attention to projects that help communities and businesses achieve sustainability goals while creating economic opportunities in this growing sector. As New Jersey pursues its goal of 100% clean energy by 2050, these lenders have developed expertise in financing the businesses that will help build this new energy economy.
Q: How do New Jersey SBA lenders support businesses in the tourism and hospitality sectors?
A: New Jersey’s diverse tourism assets have created specialized lending expertise for hospitality businesses. Several New Jersey SBA lenders offer industry-specific loan packages designed for hotels, restaurants, attractions, and tourism service providers from the Jersey Shore to the Delaware River to the Highlands. These lenders understand the seasonal nature of tourism in many parts of New Jersey and can structure loans with flexible payment schedules aligned with visitor patterns. Some New Jersey lenders coordinate with organizations like the New Jersey Restaurant & Hospitality Association and the New Jersey Division of Travel and Tourism to provide comprehensive support. These specialized lending programs have helped strengthen New Jersey’s tourism economy by financing businesses that enhance visitor experiences throughout the state’s diverse regions, with particular attention to helping seasonal businesses manage cash flow and invest in improvements that extend the traditional season. As New Jersey’s tourism sector continues recovering and evolving, these lenders provide crucial capital that helps businesses adapt to changing visitor preferences while maintaining the authentic experiences that make the Garden State a distinctive destination.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.