Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for New Jersey.
In 2022 there were 111 SBA lenders that approved 1,804 SBA 7(a) loans for projects in New Jersey totaling $865,899,100. The average loan amount was $479,988. Borrowers from 423 cities were approved for projects in New Jersey for 357 industries. The SBA loan approvals in 2022 represent 16,605 jobs supported or saved in New Jersey.
There were 111 franchise branded businesses receiving 202 loan approvals for $134,525,100 with an average loan amount of $665,966.
Our forecast model projects $923 million in total New Jersey SBA 7(a) loan approval amounts in 2023 with $136 million to franchise businesses.
New Jersey Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
New Jersey Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
