Top SBA Lenders in New Jersey for Accommodation & Food Services
6 SBA 7(a) lenders active in New Jersey's accommodation & food services sector.
Lenders
27 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 2.2%
Top Accommodation & Food Services Lenders in New Jersey
Rate Distribution (Accommodation & Food Services in New Jersey)
All Accommodation & Food Services Lenders in New Jersey
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Unity Bank | 7 | $8.7M | P+2.00% | 3.7% |
| 2 | Wilmington Savings Fund Society FSB | 6 | $5.6M | P+2.00% | 2.9% |
| 3 | Live Oak Bank | 5 | $1.9M | P+1.50% | 0.8% |
| 4 | Shinhan Bank America | 3 | $4.4M | P+1.50% | 0.0% |
| 5 | The Huntington National Bank | 3 | $1.5M | P+2.25% | 1.5% |
| 6 | Newtek Bank, National Association | 3 | $1.8M | P+3.00% | 0.0% |
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Customize your search →Accommodation & Food Services SBA Lending in New Jersey
6 SBA 7(a) lenders are active in New Jersey's accommodation & food services sector, having originated 27 loans totaling $23.8M. The median rate for accommodation & food services acquisitions in New Jersey is Prime + 2.00%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 2.2%, which is above the state average of 2.2%.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in New Jersey?
6 SBA 7(a) lenders have originated accommodation & food services acquisition loans in New Jersey, with a combined 27 loans.
What rate can I expect for a accommodation & food services acquisition in New Jersey?
The median rate is Prime + 2.00% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in New Jersey?
The 10-year cumulative default rate is 2.2%, compared to a statewide average of 2.2%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.