Lending data
Who actually lends to administrative and support businesses in New Jersey?
492 SBA 7(a) loans went to administrative and support businesses in New Jersey recently, at a median of $150,000. Here are the lenders that made them, ranked.
492 SBA 7(a) loans went to administrative and support businesses in New Jersey in the most recent fiscal years. The median was $150,000 over 10 years. The most active lender was TD Bank, with 164 loans.
What lending to administrative and support businesses in New Jersey actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Administrative and support services, New Jersey | All 7(a) borrowers |
|---|---|---|
| Loans approved | 492 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $328,750 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.75% | 10.25% |
| Share to startups | 29.3% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 10.0% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to administrative and support businesses in New Jersey. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 164 | $55,000 | 21% | 11.50% |
| Manufacturers and Traders Trust Company | 38 | $70,000 | 29% | 10.75% |
| JPMorgan Chase Bank | 29 | $130,000 | 14% | 12.90% |
| Newtek Bank | 22 | $157,500 | 14% | 10.62% |
| BayFirst National Bank | 19 | $150,000 | 0% | 12.25% |
| Readycap Lending, LLC | 17 | $224,100 | 24% | 11.25% |
| The Huntington National Bank | 17 | $296,000 | 71% | 10.50% |
| Northeast Bank | 15 | $122,500 | 13% | 10.50% |
| United Midwest Savings Bank | 12 | $150,000 | 100% | 10.25% |
| Live Oak Banking Company | 12 | $500,000 | 83% | 9.75% |
What stands out in this market
Reading the figures above against the national picture:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 29% against 34% nationally.
- One lender dominates. TD Bank alone made 33% of these loans, and the top three made 47%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- Rates run higher here. The median initial rate of 10.75% is 0.50 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 10.0% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Which of them lend to new businesses
Of those loans, 29.3% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 35 | $55,000 | 21% | 11.50% |
| United Midwest Savings Bank | 12 | $150,000 | 100% | 10.25% |
| The Huntington National Bank | 12 | $296,000 | 71% | 10.50% |
| Manufacturers and Traders Trust Company | 11 | $70,000 | 29% | 10.75% |
| Live Oak Banking Company | 10 | $500,000 | 83% | 9.75% |
| Wells Fargo Bank | 8 | $50,000 | 89% | 12.75% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in New Jersey: construction, retail, restaurants and hotels, professional services, personal services, healthcare
- Admin Services in comparable states: Pennsylvania, Michigan, Massachusetts, Georgia, Illinois, North Carolina