SBA 7(a) lenders in Essex, NJ

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-09-30.

Lenders

138 institutions have SBA 7(a) loans on record in Essex, together $926.5M across 2,413 loans. Live Oak Banking Company is the largest, with 8% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Live Oak Banking Company	47	$75.5M	8.2%	0.96%
2	TD Bank, National Association	452	$69.8M	7.5%	3.89%
3	Fulton Bank, National Association	51	$50.8M	5.5%	2.32%
4	Unity Bank	43	$43.9M	4.7%	0.84%
5	Newtek Small Business Finance, LLC	49	$37.4M	4.0%	4.68%
6	Provident Bank	48	$32.0M	3.5%	2.76%
7	JPMorgan Chase Bank, National Association	204	$29.3M	3.2%	4.26%
8	FinWise Bank	14	$25.6M	2.8%	0.00%
9	Santander Bank, National Association	101	$24.5M	2.6%	3.17%
10	NewBank	30	$20.6M	2.2%	4.94%
11	Wells Fargo Bank National Association	122	$20.4M	2.2%	3.28%
12	Beacon Bank and Trust	16	$19.5M	2.1%	0.00%
13	New Millennium Bank	20	$19.0M	2.1%	1.39%
14	Readycap Lending, LLC	37	$18.6M	2.0%	0.00%
15	Manufacturers and Traders Trust Company	199	$17.6M	1.9%	5.59%
16	Newtek Bank, National Association	50	$16.4M	1.8%	0.00%
17	Hana Bank USA National Association	29	$16.3M	1.8%	0.00%
18	Columbia Bank	25	$15.8M	1.7%	0.00%
19	PNC Bank, National Association	68	$15.4M	1.7%	1.08%
20	KeyBank National Association	15	$15.4M	1.7%	0.00%
21	Bank of Hope	49	$15.1M	1.6%	2.46%
22	The Huntington National Bank	54	$14.6M	1.6%	5.82%
23	OceanFirst Bank, National Association	13	$12.9M	1.4%	0.00%
24	The Bank of Princeton	25	$12.3M	1.3%	3.88%
25	Peapack Private Bank and Trust	20	$12.1M	1.3%	0.00%
26	Magyar Bank	13	$11.8M	1.3%	0.00%
27	Capital One National Association	15	$10.5M	1.1%	0.00%
28	Northeast Bank	64	$10.2M	1.1%	0.91%
29	Kearny Bank	17	$9.6M	1.0%	3.51%
30	Bank of America, National Association	36	$8.6M	0.9%	1.16%
31	HSBC Bank USA National Association	7	$8.6M	0.9%	0.00%
32	First Bank of the Lake	13	$8.0M	0.9%	1.79%
33	First National Bank of Pennsylvania	7	$7.2M	0.8%	0.00%
34	Celtic Bank Corporation	17	$7.0M	0.8%	4.00%
35	Firstrust Savings Bank	6	$6.9M	0.7%	0.00%
36	Wilmington Savings Fund Society FSB	12	$6.8M	0.7%	0.00%
37	United Midwest Savings Bank National Association	15	$6.1M	0.7%	0.56%
38	Customers Bank	12	$6.0M	0.7%	2.73%
39	BayFirst National Bank	42	$5.9M	0.6%	8.53%
40	Financial Resources Federal Credit Union	11	$5.7M	0.6%	0.89%
41	Valley National Bank	14	$5.7M	0.6%	4.37%
42	BCB Community Bank	15	$5.4M	0.6%	2.58%
43	Dime Commercial Bank	4	$5.1M	0.6%	0.00%
44	Industrial Bank	13	$4.9M	0.5%	5.44%
45	PromiseOne Bank	6	$4.8M	0.5%	0.00%
46	First Commonwealth Bank	6	$4.7M	0.5%	0.93%
47	Byline Bank	5	$4.5M	0.5%	0.00%
48	ConnectOne Bank	5	$4.3M	0.5%	0.00%
49	The Bancorp Bank National Association	5	$4.0M	0.4%	0.00%
50	First Bank	6	$4.0M	0.4%	0.00%
51	Columbia Bank	6	$3.9M	0.4%	0.49%
52	Somerset Regal Bank	10	$3.8M	0.4%	0.00%
53	Shinhan Bank America	6	$3.7M	0.4%	1.19%
54	Grow America Fund, Incorporated	3	$3.5M	0.4%	0.00%
55	Meridian Bank	6	$3.2M	0.3%	0.00%
56	Port 51 Lending LLC	3	$3.0M	0.3%	0.00%
57	TowneBank	5	$2.9M	0.3%	0.00%
58	Alma Bank	2	$2.8M	0.3%	0.00%
59	Hanover Community Bank	3	$2.7M	0.3%	0.00%
60	Gulf Coast Bank and Trust Company	3	$2.7M	0.3%	0.00%
61	Mission Valley Bank	1	$2.5M	0.3%	0.00%
62	Centerstone SBA Lending, Inc.	1	$2.4M	0.3%	0.00%
63	Hyperion Bank	2	$2.2M	0.2%	0.00%
64	First Bank	4	$2.2M	0.2%	0.00%
65	Banc of California	3	$2.2M	0.2%	0.00%
66	Trenton Business Assistance Corporation	16	$2.2M	0.2%	1.77%
67	Hometown Bank	1	$2.0M	0.2%	0.00%
68	The MINT National Bank	1	$2.0M	0.2%	0.00%
69	Harvest Small Business Finance, LLC	2	$2.0M	0.2%	0.00%
70	First Financial Bank	1	$1.9M	0.2%	0.00%
71	Old National Bank	1	$1.9M	0.2%	0.00%
72	Stearns Bank National Association	11	$1.9M	0.2%	0.00%
73	Grasshopper Bank National Association	1	$1.8M	0.2%	0.00%
74	Millennium bcpbank, N.A.	22	$1.8M	0.2%	17.53%
75	Crown Bank	3	$1.8M	0.2%	0.00%
76	Commonwealth Business Bank	2	$1.8M	0.2%	0.00%
77	Lendistry SBLC, LLC	10	$1.7M	0.2%	0.00%
78	Enterprise Bank & Trust	1	$1.7M	0.2%	0.00%
79	VelocitySBA, LLC	13	$1.6M	0.2%	0.48%
80	First Federal Bank	1	$1.5M	0.2%	0.00%
81	Leader Bank, National Association	1	$1.5M	0.2%	0.00%
82	Happen Bank	3	$1.4M	0.2%	0.00%
83	Ameris Bank	1	$1.4M	0.2%	0.00%
84	Citizens Bank, National Association	3	$1.4M	0.2%	0.00%
85	Simmons Bank	3	$1.4M	0.1%	14.85%
86	First Merchants Bank	2	$1.3M	0.1%	0.00%
87	City National Bank	5	$1.2M	0.1%	0.00%
88	Hana Small Business Lending, Inc.	2	$1.2M	0.1%	0.00%
89	Parke Bank	2	$1.2M	0.1%	0.00%
90	Royal Business Bank	1	$1.1M	0.1%	0.00%
91	Heritage Bank Inc	2	$1.1M	0.1%	0.00%
92	Popular Bank	18	$1.1M	0.1%	13.05%
93	Quaint Oak Bank	2	$1.0M	0.1%	0.00%
94	Sunnyside Federal Savings and Loan Association of Irvington	1	$1.0M	0.1%	0.00%
95	InBank	1	$995K	0.1%	0.00%
96	Citizens Bank	2	$992K	0.1%	0.00%
97	First Commerce Bank	2	$940K	0.1%	0.00%
98	BankVista	1	$937K	0.1%	0.00%
99	Five Star Bank	4	$925K	0.1%	0.00%
100	Hancock Whitney Bank	1	$912K	0.1%	0.00%
101	Habib American Bank	1	$900K	0.1%	0.00%
102	Fund-Ex Solutions Group, LLC	1	$838K	0.1%	0.00%
103	Woori America Bank	2	$824K	0.1%	0.00%
104	Colony Bank	6	$819K	0.1%	0.00%
105	Bankwell Bank	1	$800K	0.1%	0.00%
106	CRF Small Business Loan Company, LLC	2	$710K	0.1%	0.00%
107	Union County Economic Development Corporation	5	$585K	0.1%	0.00%
108	Mid Penn Bank	1	$576K	0.1%	0.00%
109	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$550K	0.1%	0.00%
110	Frazer Bank	1	$550K	0.1%	0.00%
111	Fifth Third Bank	1	$521K	0.1%	0.00%
112	First Internet Bank of Indiana	1	$483K	0.1%	0.00%
113	Forbright Bank	1	$440K	0.0%	91.60%
114	Univest Bank and Trust Co	3	$425K	0.0%	0.00%
115	Bank Five Nine	1	$422K	0.0%	0.00%
116	CDC Small Business Finance Corp.	2	$380K	0.0%	0.00%
117	The Bank of Houston	1	$370K	0.0%	0.00%
118	Webster Bank National Association	1	$350K	0.0%	0.00%
119	Ion Bank	1	$325K	0.0%	0.00%
120	Lafayette Square SBLC, LLC	2	$325K	0.0%	0.00%
121	Manasquan Bank	1	$300K	0.0%	0.00%
122	US Metro Bank	1	$300K	0.0%	0.00%
123	The Fidelity Bank	1	$285K	0.0%	0.00%
124	Truist Bank	1	$265K	0.0%	77.57%
125	Continental Bank	2	$260K	0.0%	0.00%
126	TruFund Financial Services Inc	1	$258K	0.0%	0.00%
127	NYBDC Local Development Corporation dba Pursuit Community Finance	1	$250K	0.0%	0.00%
128	Citizens & Northern Bank	1	$250K	0.0%	63.45%
129	MVB Bank, Inc.	1	$225K	0.0%	0.00%
130	Empire State Bank	1	$225K	0.0%	0.00%
131	Haven Savings Bank	1	$175K	0.0%	0.00%
132	Capital Bank, National Association	1	$125K	0.0%	0.00%
133	Citibank, N.A.	3	$125K	0.0%	70.19%
134	Empire State Certified Development Corporation	1	$105K	0.0%	0.00%
135	East West Bank	5	$95K	0.0%	0.00%
136	U.S. Bank, National Association	3	$85K	0.0%	0.00%
137	Seacoast National Bank	1	$60K	0.0%	0.00%
138	SoFi Bank, National Association	2	$32K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Accommodation & food services	284	$144.4M	15.6%
2	Health care & social assistance	261	$125.2M	13.5%
3	Other services	312	$103.7M	11.2%
4	Retail trade	218	$100.2M	10.8%
5	Wholesale trade	143	$68.6M	7.4%
6	Professional & technical services	265	$68.1M	7.4%
7	Construction	233	$57.3M	6.2%
8	Manufacturing	44	$52.3M	5.6%
9	Arts, entertainment & recreation	76	$28.4M	3.1%
10	Retail trade	98	$27.9M	3.0%
11	Transportation & warehousing	131	$25.8M	2.8%
12	Manufacturing	57	$23.7M	2.6%
13	Administrative & waste services	92	$20.6M	2.2%
14	Educational services	46	$19.3M	2.1%
15	Real estate & leasing	44	$18.0M	1.9%
16	Manufacturing	32	$17.8M	1.9%
17	Transportation & warehousing	16	$10.2M	1.1%
18	Finance & insurance	40	$9.3M	1.0%
19	Information	18	$5.1M	0.5%
20	Management of companies	1	$288K	0.0%
21	Public administration	1	$150K	0.0%
22	Utilities	1	$100K	0.0%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.