Small business loans in Jersey City, NJ
Short answer
The most active SBA lenders in Jersey City, NJ since FY2024 are M&T Bank (32 loans) and TD Bank (18). The median loan was $150,000, and half fell between $50,000 and $300,000. For free help, see the New Jersey Small Business Development Centers. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 152
- approved since FY2024
- $51.35M
- median loan
- $150,000
- through SBA Express
- 43.4%
Lenders making SBA loans in Jersey City
No lender made more than 21% of the loans in Jersey City, and M&T Bank made the most. The five largest lenders together made 55%.
| Lender | Loans | Share |
|---|---|---|
| M&T Bank | 32 | 21.1% |
| TD Bank | 18 | 11.8% |
| Northeast Bank | 12 | 7.9% |
| Newtek Bank | 11 | 7.2% |
| The Huntington National Bank | 10 | 6.6% |
Share is the percent of all Jersey City loans in that period. Each name links to that lender's page for New Jersey where one exists.
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Local help near Jersey City
Jersey City borrowers can start with SBA's district office for New Jersey, an SBDC or SCORE.
32% of Jersey City borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for New Jersey. Its page points to state and federal resources and to lenders in the area. The New Jersey Small Business Development Centers gives free counseling across New Jersey.
- SBA New Jersey District Office (Newark)SBA district office
- New Jersey Small Business Development CentersSmall Business Development Center
- SCORE mentors in New JerseyBusiness mentoring
Alongside SBA loans, New Jersey runs three loan programs. The New Jersey page describes each, and the official pages are linked here.
Loan counts and sizes in Jersey City
Jersey City ranks 1st by loans since FY2024 among the 10 New Jersey cities with 100 or more SBA loans since FY2020. Nationally it is the 113th busiest of the 580 cities that reach 100 loans.
The 152 loans, 2.7% of the 5,682 in New Jersey, were approved for $51.3 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $150,000, close to the national median of $150,300. Half of the loans fell between $50,000 and $300,000. The New Jersey median is $150,000.
| Measure | Jersey City | New Jersey | U.S. |
|---|---|---|---|
| Loans | 152 | 5,682 | 162,355 |
| Median loan | $150,000 | $150,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $300,000 | $436,600 | $500,000 |
| Via SBA Express | 43.4% | 47.4% | 35.8% |
| Lines of credit | 32.2% | 39.9% | 28.1% |
| Startups | 18.4% | 13.5% | 16.1% |
| Ownership changes | 4.6% | 7.3% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.0 | 3.0 | 2.75 |
| Charged off | 7.1% | 5.6% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
89% of the loans were $500,000 or less, the size SBA Express covers. 43.4% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 32.2% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 63.8% of loans went to businesses more than two years old and 13.2% to businesses two years old or younger. Startups received 18.4% and changes of ownership 4.6%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 8% from FY2024 (60 loans) to FY2025 (65), the two latest full years. The busiest full year in the file was FY2025, with 65 loans. FY2026 already shows 27 loans through June 30.
Of the 85 loans Jersey City borrowers received in FY2020 to FY2022, 7.1% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,121 jobs supported across the 152 loans since FY2024, about 7.4 per loan. SBA does not audit these estimates.
What businesses in Jersey City borrow for
Residential Remodelers was the largest borrower group in Jersey City, with 10 loans or 6.6% of the total.
The four largest industries made up 20% of all Jersey City loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Residential Remodelers | 10 | 6.6% | 2.3% |
| Limited-Service Restaurants | 9 | 5.9% | 3.3% |
| Full-Service Restaurants | 6 | 3.9% | 4.6% |
| Pet Care (except Veterinary) Services | 5 | 3.3% | 0.9% |
Share is the percent of all Jersey City loans in that period. Industry is the NAICS code on each loan. A name links to the New Jersey page for that industry where one exists.
A typical loan payment in Jersey City
The median Jersey City loan was $150,000 with a median term of 10 years.
The median variable-rate loan in Jersey City was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $150,000 over 10 years, principal and interest would come to about $1,982 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $661 |
| Median loan | $150,000 | $1,982 |
| 75th percentile loan | $300,000 | $3,965 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Jersey City loans approved since FY2024 had a median starting rate of 10.88% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $150,000 loan and SBA Express payment calculator.
SBA 504 loans near Jersey City
Jersey City has 6 SBA 504 loans since FY2020, with $8.7 million in SBA and CDC dollars.
Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.
No Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) is named on five or more 504 loans in Jersey City, so the list below is New Jersey's. Trenton Business Assistance Corporation is named on the most there, 152 loans since FY2024.
| Certified Development Company | 504 loans |
|---|---|
| Trenton Business Assistance Corporation | 152 |
| Empire State Certified Development Corporation | 71 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
New Jersey cities near Jersey City
Jersey City made up 2.7% of New Jersey's SBA loans since FY2024.
Jersey City is one of 10 New Jersey cities with 100 or more SBA loans since FY2020. The New Jersey page covers all 5,682 loans in New Jersey. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Jersey City
Which lenders make the most SBA loans in Jersey City?
M&T Bank leads with 32 loans in Jersey City since FY2024. TD Bank (18) and Northeast Bank (12) follow. Only lenders with five or more Jersey City loans are counted.
Which industries get SBA loans in Jersey City?
Residential Remodelers leads with 10 loans in Jersey City since FY2024. Limited-Service Restaurants (9) and Full-Service Restaurants (6) follow.
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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA New Jersey District Office (Newark)
- New Jersey Small Business Development Centers
- SCORE, New Jersey
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Jersey City, NJ. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/new-jersey-small-business-loans/jersey-city/
Ask lending partners about a loan in Jersey City
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.