Local lending data
Who lends to businesses in Hudson County?
481 SBA 7(a) loans went to businesses in Hudson County recently, at a median of $140,000. The lenders that made them, ranked, with local rates and startup share.
481 SBA 7(a) loans went to businesses in Hudson County in the most recent fiscal years, at a median of $140,000. The most active lender was TD Bank, with 112 loans.
SBA lending in Hudson 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 | Hudson County | New Jersey | National |
|---|---|---|---|
| Loans approved | 481 | 7,691 | 214,102 |
| Median loan | $140,000 | $150,000 | $150,000 |
| 25th - 75th percentile | $44,000 - $350,000 | $50,000 - $425,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 11.00% | 10.75% | 10.25% |
| Share to startups | 32.8% | 31.1% | 33.6% |
| Charge-off rate, FY2010-19 | 8.8% | 8.9% | 7.1% |
| Jobs supported | 3,524 | 65,861 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Hudson 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 | 112 | $50,000 | 37% | 11.50% |
| Manufacturers and Traders Trust Company | 70 | $41,500 | 29% | 11.74% |
| Newtek Bank | 42 | $200,000 | 26% | 11.50% |
| The Huntington National Bank | 31 | $335,000 | 52% | 10.25% |
| Northeast Bank | 22 | $100,600 | 9% | 10.62% |
| JPMorgan Chase Bank | 19 | $100,000 | 5% | 12.80% |
| Readycap Lending, LLC | 18 | $77,000 | 0% | 11.25% |
| BayFirst National Bank | 16 | $150,000 | 0% | 13.25% |
| Wells Fargo Bank | 11 | $45,000 | 73% | 12.75% |
| Provident Bank | 10 | $481,400 | 40% | 9.62% |
What stands out here
Reading these figures against the national picture:
- Loan sizes are typical. The median of $140,000 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 33% against 34% nationally.
- No single lender dominates, but the top three made 47% of these loans, so the shortlist below covers most of the active market.
- Rates run higher here. The median initial rate of 11.00% is 0.75 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Who borrows in Hudson County
The mix of industries taking SBA loans here, led by restaurants and hotels.
| Sector | Loans | Share |
|---|---|---|
| Restaurants and Hotels | 72 | 15.0% |
| Retail | 68 | 14.1% |
| Professional Services | 51 | 10.6% |
| Personal Services | 44 | 9.1% |
| Construction | 43 | 8.9% |
| Trucking | 37 | 7.7% |
| Healthcare | 34 | 7.1% |
| Arts and Recreation | 28 | 5.8% |
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, Morris County, Passaic County