Top SBA Lenders in New Jersey for Retail Trade
5 SBA 7(a) lenders active in New Jersey's retail trade sector.
Lenders
24 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 2.2%
Top Retail Trade Lenders in New Jersey
Rate Distribution (Retail Trade in New Jersey)
All Retail Trade Lenders in New Jersey
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Peapack Private Bank and Trust | 9 | $7.4M | P+2.25% | 0.0% |
| 2 | Wilmington Savings Fund Society FSB | 5 | $5.1M | P+2.00% | 2.9% |
| 3 | Bankwell Bank | 4 | $11.5M | P+2.50% | 0.0% |
| 4 | Fulton Bank, National Association | 3 | $5.9M | P+2.25% | 0.0% |
| 5 | Provident Bank | 3 | $15.0M | P+2.25% | 0.0% |
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Customize your search →Retail Trade SBA Lending in New Jersey
5 SBA 7(a) lenders are active in New Jersey's retail trade sector, having originated 24 loans totaling $44.9M. The median rate for retail trade 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 2.9%, which is above the state average of 2.2%.
Frequently Asked Questions
How many SBA lenders specialize in retail trade in New Jersey?
5 SBA 7(a) lenders have originated retail trade acquisition loans in New Jersey, with a combined 24 loans.
What rate can I expect for a retail trade 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 retail trade SBA loans in New Jersey?
The 10-year cumulative default rate is 2.9%, 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.