Local lending data
Who lends to businesses in Gloucester County?
223 SBA 7(a) loans went to businesses in Gloucester County recently, at a median of $115,300. The lenders that made them, ranked, with local rates and startup share.
223 SBA 7(a) loans went to businesses in Gloucester County in the most recent fiscal years, at a median of $115,300. The most active lender was TD Bank, with 94 loans.
SBA lending in Gloucester 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 | Gloucester County | New Jersey | National |
|---|---|---|---|
| Loans approved | 223 | 7,691 | 214,102 |
| Median loan | $115,300 | $150,000 | $150,000 |
| 25th - 75th percentile | $40,000 - $400,000 | $50,000 - $425,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 10.50% | 10.75% | 10.25% |
| Share to startups | 36.8% | 31.1% | 33.6% |
| Charge-off rate, FY2010-19 | 8.4% | 8.9% | 7.1% |
| Jobs supported | 1,917 | 65,861 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Gloucester 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 | 94 | $47,500 | 29% | 11.50% |
| Fulton Bank | 17 | $446,000 | 35% | 10.25% |
| The Huntington National Bank | 10 | $197,500 | 80% | 10.50% |
| Manufacturers and Traders Trust Company | 9 | $60,000 | 67% | 10.75% |
| Wilmington Savings Fund Society FSB | 8 | $669,000 | 62% | 10.12% |
| Newtek Bank | 8 | $150,000 | 38% | 10.50% |
| Northeast Bank | 8 | $75,000 | 12% | 11.25% |
| Readycap Lending, LLC | 6 | $50,000 | 17% | 15.00% |
| PNC Bank | 5 | $50,000 | 20% | 12.00% |
| Bank of America | 4 | $343,200 | 25% | 6.61% |
What stands out here
Reading these figures against the national picture:
- Loans here run smaller than average. The median of $115,300 is 23% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- Startup share is about average, at 37% against 34% nationally.
- One lender dominates. TD Bank alone made 42% of these loans, and the top three made 54%. 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.
Who borrows in Gloucester County
The mix of industries taking SBA loans here, led by construction.
| Sector | Loans | Share |
|---|---|---|
| Construction | 59 | 26.5% |
| Personal Services | 24 | 10.8% |
| Admin Services | 22 | 9.9% |
| Healthcare | 21 | 9.4% |
| Restaurants and Hotels | 18 | 8.1% |
| Retail | 14 | 6.3% |
| Professional Services | 13 | 5.8% |
| Arts and Recreation | 12 | 5.4% |
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: Bergen County, Ocean County, Middlesex County, Essex County, Monmouth County, Union County, Hudson County, Morris County