Top SBA Lenders in New Jersey for Professional Services
3 SBA 7(a) lenders active in New Jersey's professional services sector.
Lenders
14 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 2.2%
Top Professional Services Lenders in New Jersey
Rate Distribution (Professional Services in New Jersey)
All Professional Services Lenders in New Jersey
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | $15.8M | P+2.25% | 1.7% |
| 2 | Live Oak Bank | 4 | $2.9M | P+1.50% | 0.8% |
| 3 | CIBC Bank USA | 3 | $958K | P+2.75% | 3.5% |
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Customize your search →Professional Services SBA Lending in New Jersey
3 SBA 7(a) lenders are active in New Jersey's professional services sector, having originated 14 loans totaling $19.6M. The median rate for professional services acquisitions in New Jersey is Prime + 2.25%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.7%, which is below the state average of 2.2% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in professional services in New Jersey?
3 SBA 7(a) lenders have originated professional services acquisition loans in New Jersey, with a combined 14 loans.
What rate can I expect for a professional services acquisition in New Jersey?
The median rate is Prime + 2.25% (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 professional services SBA loans in New Jersey?
The 10-year cumulative default rate is 1.7%, 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.