SBA loans to electrical contractors in New Jersey
Short answer
SBA's loan file shows 151 loans to electrical contractors in New Jersey since October 2019. 70.2% went through SBA Express, against 56.4% nationally. 57.6% were lines of credit, against 44.6% nationally.
- SBA loans, Oct 2019 to Jun 2026
- 151
- median loan
- $140,000
- dollars approved
- $59.75M
- went through SBA Express
- 70.2%
These are the 151 SBA 7(a) loans to electrical contractors in New Jersey approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other.
How New Jersey differs from the U.S.
What this means for you. SBA Express was a more common route for these loans here, so ask lenders about it if your loan is small enough to qualify.
SBA Express
70.2% of the loans in New Jersey went through SBA Express, against 56.4% nationally.
Lines of credit
57.6% of the loans in New Jersey were lines of creditA credit limit you can draw on, repay and draw on again. , against 44.6% nationally.
We compared 9 measures with the national figure for the same period, and these are the 2 that differ clearly. The table compares every measure.
New Jersey next to the U.S.
| Measure | New Jersey | United States | Reading |
|---|---|---|---|
| Industry's share of all SBA loans | 1.3% | 1.2% | No clear gap |
| Median loan | $140,000 | $150,000 | No clear gap |
| Middle half of loans | $50,500 to $325,000 | $50,000 to $350,000 | – |
| Startups (the loan opens the business) | 7.9% | 7.4% | No clear gap |
| In business 2 years or less | 9.9% | 15.2% | No clear gap |
| In business more than 2 years | 76.8% | 68.9% | No clear gap |
| Change of ownership | 4.6% | 7.6% | No clear gap |
| SBA Express | 70.2% | 56.4% | Clearly higher |
| Lines of credit | 57.6% | 44.6% | Clearly higher |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 3 points over Prime | 2.75 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
Who lends in New Jersey
The 5 lenders below made 97 of the 151 loans approved October 2019 to June 2026, or 64.2%. A lender is listed when it has 5 or more of them, five at most.
| Lender | Loans | Share here | U.S. share |
|---|---|---|---|
| TD Bank | 53 | 35.1% | 6.8% |
| M&T Bank | 15 | 9.9% | 4.1% |
| Fulton Bank | 11 | 7.3% | Not in top 5 |
| JPMorgan Chase Bank | 11 | 7.3% | 5.8% |
| PNC Bank | 7 | 4.6% | Not in top 5 |
Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry.
Electrical contractors in other states
Other states where these loans differ clearly from the national pattern, most loans first.
| State | Loans since October 2019 |
|---|---|
| California | 484 |
| Florida | 279 |
| New York | 247 |
| Ohio | 219 |
| Texas | 214 |
| Massachusetts | 162 |
| Colorado | 140 |
| Minnesota | 111 |
More industries in New Jersey
Other industries in New Jersey with a clear difference from the national pattern, most loans first.
| Industry | Loans since October 2019 |
|---|---|
| Home remodeling contractors | 336 |
| Local trucking companies | 257 |
| Landscaping and lawn care companies | 219 |
| Hair salons and beauty salons | 187 |
| Plumbing and HVAC companies | 183 |
| Long-haul truckload carriers | 149 |
| Coffee shops, ice cream parlors, juice and tea bars and doughnut shops | 140 |
| Liquor stores | 138 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: SBA loans to electrical contractors in New Jersey. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/electrical-contractors-other-wiring-installation-contractors/new-jersey/
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