SBA 7(a) lenders in Essex, NJ

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

138 institutions have SBA 7(a) loans on record in Essex, together $907.5M across 2,364 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	46	$72.9M	8.0%	1.00%
2	TD Bank, National Association	444	$68.9M	7.6%	3.47%
3	Fulton Bank, National Association	49	$50.1M	5.5%	2.35%
4	Unity Bank	43	$43.9M	4.8%	0.84%
5	Newtek Small Business Finance, Inc.	49	$37.4M	4.1%	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	NewBank	30	$20.6M	2.3%	4.94%
10	Wells Fargo Bank National Association	122	$20.4M	2.2%	3.21%
11	Santander Bank, National Association	97	$20.1M	2.2%	3.88%
12	New Millennium Bank	20	$19.0M	2.1%	1.39%
13	Readycap Lending, LLC	36	$18.6M	2.0%	0.00%
14	Beacon Bank and Trust	15	$17.4M	1.9%	0.00%
15	Hana Bank USA National Association	29	$16.3M	1.8%	0.00%
16	Manufacturers and Traders Trust Company	184	$16.3M	1.8%	6.04%
17	Newtek Bank, National Association	47	$15.9M	1.8%	0.00%
18	PNC Bank, National Association	68	$15.4M	1.7%	0.99%
19	KeyBank National Association	15	$15.4M	1.7%	0.00%
20	Bank of Hope	49	$15.1M	1.7%	2.46%
21	The Huntington National Bank	52	$13.7M	1.5%	6.19%
22	OceanFirst Bank, National Association	13	$12.9M	1.4%	0.00%
23	The Bank of Princeton	25	$12.3M	1.4%	3.88%
24	Peapack Private Bank and Trust	20	$12.1M	1.3%	0.00%
25	Magyar Bank	13	$11.8M	1.3%	0.00%
26	Capital One National Association	15	$10.5M	1.2%	0.00%
27	Columbia Bank	23	$10.4M	1.2%	0.00%
28	Kearny Bank	17	$9.6M	1.1%	3.51%
29	Northeast Bank	56	$9.0M	1.0%	1.03%
30	Bank of America, National Association	36	$8.6M	1.0%	1.16%
31	HSBC Bank USA National Association	7	$8.6M	1.0%	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	16	$6.9M	0.8%	4.06%
35	Firstrust Savings Bank	6	$6.9M	0.8%	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	0.7%	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	Webster Bank National Association	5	$4.8M	0.5%	0.00%
46	PromiseOne Bank	6	$4.8M	0.5%	0.00%
47	First Commonwealth Bank	6	$4.7M	0.5%	0.93%
48	Byline Bank	5	$4.5M	0.5%	0.00%
49	First Bank	6	$4.0M	0.4%	0.00%
50	Columbia Bank	6	$3.9M	0.4%	0.49%
51	Somerset Regal Bank	10	$3.8M	0.4%	0.00%
52	Shinhan Bank America	6	$3.7M	0.4%	1.19%
53	Grow America Fund, Incorporated	3	$3.5M	0.4%	0.00%
54	The Bancorp Bank National Association	4	$3.3M	0.4%	0.00%
55	Meridian Bank	6	$3.2M	0.3%	0.00%
56	ConnectOne Bank	4	$3.1M	0.3%	0.00%
57	Port 51 Lending LLC	3	$3.0M	0.3%	0.00%
58	TowneBank	5	$2.9M	0.3%	0.00%
59	Alma Bank	2	$2.8M	0.3%	0.00%
60	Hanover Community Bank	3	$2.7M	0.3%	0.00%
61	Gulf Coast Bank and Trust Company	3	$2.7M	0.3%	0.00%
62	Mission Valley Bank	1	$2.5M	0.3%	0.00%
63	Centerstone SBA Lending, Inc.	1	$2.4M	0.3%	0.00%
64	Hyperion Bank	2	$2.2M	0.2%	0.00%
65	First Bank	4	$2.2M	0.2%	0.00%
66	Banc of California	3	$2.2M	0.2%	0.00%
67	Trenton Business Assistance Corporation	16	$2.2M	0.2%	1.77%
68	Hometown Bank	1	$2.0M	0.2%	0.00%
69	The MINT National Bank	1	$2.0M	0.2%	0.00%
70	Harvest Small Business Finance, LLC	2	$2.0M	0.2%	0.00%
71	First Financial Bank	1	$1.9M	0.2%	0.00%
72	Old National Bank	1	$1.9M	0.2%	0.00%
73	Stearns Bank National Association	11	$1.9M	0.2%	0.00%
74	Grasshopper Bank National Association	1	$1.8M	0.2%	0.00%
75	Millennium bcpbank, N.A.	22	$1.8M	0.2%	17.53%
76	Crown Bank	3	$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	Commonwealth Business Bank	1	$1.4M	0.2%	0.00%
86	Simmons Bank	3	$1.4M	0.2%	14.85%
87	First Merchants Bank	2	$1.3M	0.1%	0.00%
88	City National Bank	5	$1.2M	0.1%	0.00%
89	Hana Small Business Lending, Inc.	2	$1.2M	0.1%	0.00%
90	Parke Bank	2	$1.2M	0.1%	0.00%
91	Royal Business Bank	1	$1.1M	0.1%	0.00%
92	Heritage Bank Inc	2	$1.1M	0.1%	0.00%
93	Popular Bank	18	$1.1M	0.1%	13.05%
94	Quaint Oak Bank	2	$1.0M	0.1%	0.00%
95	Sunnyside Federal Savings and Loan Association of Irvington	1	$1.0M	0.1%	0.00%
96	InBank	1	$995K	0.1%	0.00%
97	Citizens Bank	2	$992K	0.1%	0.00%
98	First Commerce Bank	2	$940K	0.1%	0.00%
99	BankVista	1	$937K	0.1%	0.00%
100	Five Star Bank	4	$925K	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	Frazer Bank	1	$550K	0.1%	0.00%
110	Fifth Third Bank	1	$521K	0.1%	0.00%
111	First Internet Bank of Indiana	1	$483K	0.1%	0.00%
112	CenTrust Bank, A Division of SmartBiz Bank National Association	2	$450K	0.0%	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	Lafayette Square SBLC, LLC	2	$325K	0.0%	0.00%
119	Ion Bank	1	$325K	0.0%	0.00%
120	US Metro Bank	1	$300K	0.0%	0.00%
121	Manasquan Bank	1	$300K	0.0%	0.00%
122	The Fidelity Bank	1	$285K	0.0%	0.00%
123	Truist Bank	1	$265K	0.0%	77.57%
124	Continental Bank	2	$260K	0.0%	0.00%
125	TruFund Financial Services Inc	1	$258K	0.0%	0.00%
126	Citizens & Northern Bank	1	$250K	0.0%	63.45%
127	NYBDC Local Development Corporation dba Pursuit Community Finance	1	$250K	0.0%	0.00%
128	MVB Bank, Inc.	1	$225K	0.0%	0.00%
129	Empire State Bank	1	$225K	0.0%	0.00%
130	Haven Savings Bank	1	$175K	0.0%	0.00%
131	Citibank, N.A.	3	$125K	0.0%	70.19%
132	Capital Bank, National Association	1	$125K	0.0%	0.00%
133	Blue Foundry Bank	1	$110K	0.0%	0.00%
134	Empire State Certified Development Corporation	1	$105K	0.0%	0.00%
135	East West Bank	5	$95K	0.0%	0.00%
136	Seacoast National Bank	1	$60K	0.0%	0.00%
137	U.S. Bank, National Association	2	$35K	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	275	$142.7M	15.7%
2	Health care & social assistance	257	$122.0M	13.4%
3	Other services	308	$102.3M	11.3%
4	Retail trade	218	$100.2M	11.0%
5	Wholesale trade	142	$68.4M	7.5%
6	Professional & technical services	252	$67.5M	7.4%
7	Construction	229	$55.6M	6.1%
8	Manufacturing	42	$51.8M	5.7%
9	Arts, entertainment & recreation	75	$27.9M	3.1%
10	Retail trade	95	$27.3M	3.0%
11	Transportation & warehousing	128	$25.5M	2.8%
12	Manufacturing	57	$23.7M	2.6%
13	Administrative & waste services	92	$20.6M	2.3%
14	Real estate & leasing	43	$17.9M	2.0%
15	Manufacturing	31	$15.3M	1.7%
16	Educational services	44	$13.8M	1.5%
17	Transportation & warehousing	16	$10.2M	1.1%
18	Finance & insurance	39	$9.3M	1.0%
19	Information	18	$5.1M	0.6%
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.