Local lending data
Who lends to businesses in Bergen County?
1,092 SBA 7(a) loans went to businesses in Bergen County recently, at a median of $150,000. The lenders that made them, ranked, with local rates and startup share.
1,092 SBA 7(a) loans went to businesses in Bergen County in the most recent fiscal years, at a median of $150,000. The most active lender was TD Bank, with 274 loans.
SBA lending in Bergen County, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans that were actually approved to businesses in this county, not advertised ranges.
| Measure | Bergen County | New Jersey | National |
|---|---|---|---|
| Loans approved | 1,092 | 7,691 | 214,102 |
| Median loan | $150,000 | $150,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $350,000 | $50,000 - $425,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 10.55% | 10.75% | 10.25% |
| Share to startups | 27.7% | 31.1% | 33.6% |
| Charge-off rate, FY2010-19 | 9.6% | 8.9% | 7.1% |
| Jobs supported | 8,231 | 65,861 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Bergen County. The median, startup share and rate columns describe each lender's own loans in this county, not its national averages.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 274 | $60,000 | 20% | 11.30% |
| Manufacturers and Traders Trust Company | 129 | $50,000 | 35% | 11.25% |
| JPMorgan Chase Bank | 59 | $150,000 | 10% | 13.30% |
| The Huntington National Bank | 55 | $220,000 | 67% | 10.25% |
| BayFirst National Bank | 52 | $150,000 | 0% | 12.75% |
| Newtek Bank | 43 | $175,000 | 12% | 11.50% |
| Northeast Bank | 41 | $120,100 | 15% | 10.75% |
| Readycap Lending, LLC | 38 | $194,000 | 16% | 11.25% |
| New Millennium Bank | 23 | $400,000 | 56% | 8.50% |
| PNC Bank | 21 | $30,000 | 19% | 11.50% |
What stands out here
Reading these figures 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 28% against 34% nationally.
- One lender dominates. TD Bank alone made 25% of these loans, and the top three made 42%. 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.
- Lenders have been burned here before. 9.6% 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.
Who borrows in Bergen County
The mix of industries taking SBA loans here, led by restaurants and hotels.
| Sector | Loans | Share |
|---|---|---|
| Restaurants and Hotels | 153 | 14.0% |
| Professional Services | 121 | 11.1% |
| Retail | 119 | 10.9% |
| Personal Services | 111 | 10.2% |
| Wholesale | 110 | 10.1% |
| Construction | 105 | 9.6% |
| Healthcare | 79 | 7.2% |
| Admin Services | 65 | 6.0% |
How to use this
- Shortlist three lenders from the table whose median loan in this county is close to what you need. Size match matters more than brand.
- 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 your cash flow supports.
- Follow your sector link in the table above for lender data specific to your industry across New Jersey.
Other counties in New Jersey
- Nearby markets with published data: Ocean County, Middlesex County, Essex County, Monmouth County, Union County, Hudson County, Morris County, Passaic County