Top SBA Lenders in New Jersey for Other Services
7 SBA 7(a) lenders active in New Jersey's other services sector.
Lenders
28 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 2.2%
Top Other Services Lenders in New Jersey
Loans
5
Rate
P+1.50%
2.8%
Small Business Administration (SBA) data only — profile coming soon
Rate Distribution (Other Services in New Jersey)
All Other Services Lenders in New Jersey
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 6 | $8.2M | P+1.50% | 0.8% |
| 2 | Readycap Lending, LLC | 5 | $6.3M | P+1.50% | 2.8% |
| 3 | TD Bank, National Association | 4 | $5.7M | P+0.00% | 0.0% |
| 4 | Wilmington Savings Fund Society FSB | 4 | $1.8M | P+2.00% | 2.9% |
| 5 | New Millennium Bank | 3 | $900K | P+1.50% | 0.7% |
| 6 | 1st Colonial Community Bank | 3 | $4.9M | P+2.00% | 0.0% |
| 7 | Hanmi Bank | 3 | $495K | P+1.75% | 1.0% |
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Customize your search →Other Services SBA Lending in New Jersey
7 SBA 7(a) lenders are active in New Jersey's other services sector, having originated 28 loans totaling $28.2M. The median rate for other services acquisitions in New Jersey is Prime + 1.63%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.0%, which is below the state average of 2.2% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in other services in New Jersey?
7 SBA 7(a) lenders have originated other services acquisition loans in New Jersey, with a combined 28 loans.
What rate can I expect for a other services acquisition in New Jersey?
The median rate is Prime + 1.63% (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 other services SBA loans in New Jersey?
The 10-year cumulative default rate is 1.0%, 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.