SBA 7(a) lenders in Passaic, NJ

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

Lenders

109 institutions have SBA 7(a) loans on record in Passaic, together $573.8M across 1,604 loans. TD Bank, National Association is the largest, with 8% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	TD Bank, National Association	352	$45.9M	8.0%	2.99%
2	Fulton Bank, National Association	33	$27.9M	4.9%	0.94%
3	NewBank	32	$27.1M	4.7%	0.00%
4	Bank of Hope	49	$21.4M	3.7%	1.25%
5	Wells Fargo Bank National Association	96	$20.3M	3.5%	2.76%
6	FinWise Bank	13	$19.9M	3.5%	0.00%
7	JPMorgan Chase Bank, National Association	143	$19.0M	3.3%	4.68%
8	The Bank of Princeton	20	$18.8M	3.3%	0.00%
9	Beacon Bank and Trust	13	$18.3M	3.2%	0.00%
10	Columbia Bank	40	$18.3M	3.2%	1.05%
11	Provident Bank	33	$16.9M	2.9%	0.00%
12	Manufacturers and Traders Trust Company	130	$15.5M	2.7%	4.04%
13	Live Oak Banking Company	14	$14.4M	2.5%	0.00%
14	Financial Resources Federal Credit Union	8	$14.1M	2.5%	0.00%
15	Cross River Bank	8	$11.6M	2.0%	0.00%
16	The Huntington National Bank	23	$10.8M	1.9%	3.03%
17	Banc of California	10	$10.7M	1.9%	3.56%
18	PNC Bank, National Association	66	$10.4M	1.8%	8.62%
19	Peapack Private Bank and Trust	7	$10.4M	1.8%	0.00%
20	Santander Bank, National Association	31	$9.9M	1.7%	5.86%
21	Readycap Lending, LLC	25	$9.9M	1.7%	1.53%
22	Northeast Bank	50	$9.6M	1.7%	5.96%
23	Hanover Community Bank	7	$9.2M	1.6%	0.00%
24	BCB Community Bank	20	$9.1M	1.6%	1.58%
25	Hana Bank USA National Association	29	$8.8M	1.5%	1.24%
26	Kearny Bank	14	$7.6M	1.3%	5.52%
27	New Millennium Bank	14	$6.8M	1.2%	0.00%
28	Somerset Regal Bank	6	$6.2M	1.1%	0.00%
29	OceanFirst Bank, National Association	8	$6.0M	1.1%	2.63%
30	ConnectOne Bank	5	$6.0M	1.0%	0.00%
31	Celtic Bank Corporation	17	$5.8M	1.0%	2.51%
32	Newtek Bank, National Association	23	$5.7M	1.0%	0.00%
33	Valley National Bank	14	$5.6M	1.0%	9.52%
34	Metro City Bank	3	$5.5M	1.0%	0.00%
35	Wilmington Savings Fund Society FSB	11	$5.3M	0.9%	0.00%
36	Unity Bank	10	$5.2M	0.9%	5.04%
37	Bank of America, National Association	17	$4.8M	0.8%	2.29%
38	KeyBank National Association	6	$4.8M	0.8%	0.00%
39	Meridian Bank	3	$4.4M	0.8%	0.00%
40	BankUnited, National Association	2	$4.3M	0.8%	0.00%
41	Seacoast National Bank	1	$4.0M	0.7%	0.00%
42	Newtek Small Business Finance, LLC	17	$3.8M	0.7%	0.00%
43	T Bank, National Association	1	$3.7M	0.6%	0.00%
44	BayFirst National Bank	13	$3.7M	0.6%	0.00%
45	First Bank of the Lake	3	$3.6M	0.6%	0.00%
46	Citibank, N.A.	5	$3.1M	0.5%	0.00%
47	Capital One National Association	6	$3.0M	0.5%	0.00%
48	Customers Bank	1	$2.7M	0.5%	0.00%
49	Popular Bank	8	$2.5M	0.4%	19.15%
50	Stearns Bank National Association	6	$2.3M	0.4%	0.00%
51	Hanmi Bank	2	$2.2M	0.4%	0.00%
52	Woori America Bank	5	$2.2M	0.4%	0.00%
53	Magyar Bank	5	$2.0M	0.3%	0.00%
54	Trenton Business Assistance Corporation	16	$1.9M	0.3%	0.00%
55	Byline Bank	2	$1.9M	0.3%	0.00%
56	Banesco USA	2	$1.8M	0.3%	0.00%
57	Citizens Bank, National Association	2	$1.8M	0.3%	0.00%
58	First Bank	3	$1.8M	0.3%	0.00%
59	Mid Penn Bank	5	$1.7M	0.3%	32.21%
60	Royal Business Bank	3	$1.6M	0.3%	0.00%
61	Univest Bank and Trust Co	3	$1.6M	0.3%	0.00%
62	Harvest Small Business Finance, LLC	2	$1.5M	0.3%	0.00%
63	Firstrust Savings Bank	1	$1.5M	0.3%	0.00%
64	Capital Bank, National Association	3	$1.5M	0.3%	46.59%
65	Servbank National Association	1	$1.4M	0.2%	0.00%
66	Pathward National Association	1	$1.4M	0.2%	0.00%
67	The Bancorp Bank National Association	2	$1.3M	0.2%	0.00%
68	TowneBank	3	$1.2M	0.2%	0.00%
69	Evolve Bank and Trust	1	$1.1M	0.2%	0.00%
70	East West Bank	5	$1.1M	0.2%	0.00%
71	First Bank of Central Ohio	1	$1.1M	0.2%	0.00%
72	Five Star Bank	3	$1.1M	0.2%	0.00%
73	Lafayette Square SBLC, LLC	1	$1.1M	0.2%	0.00%
74	MVB Bank, Inc.	1	$943K	0.2%	0.00%
75	Crown Bank	1	$915K	0.2%	0.00%
76	Colony Bank	7	$905K	0.2%	0.00%
77	Shinhan Bank America	1	$800K	0.1%	0.00%
78	Business Lenders, LLC	1	$800K	0.1%	0.00%
79	United Midwest Savings Bank National Association	5	$750K	0.1%	16.86%
80	VelocitySBA, LLC	10	$610K	0.1%	3.49%
81	CRF Small Business Loan Company, LLC	1	$600K	0.1%	0.00%
82	First Bank	2	$560K	0.1%	0.00%
83	Parke Bank	1	$558K	0.1%	0.00%
84	Citizens Bank	1	$460K	0.1%	0.00%
85	Business Loan Center, LLC	1	$450K	0.1%	0.00%
86	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$420K	0.1%	0.00%
87	Bank Five Nine	1	$418K	0.1%	0.00%
88	Federal Deposit Insurance Corporation	1	$396K	0.1%	94.08%
89	Lendistry SBLC, LLC	2	$395K	0.1%	0.00%
90	Cattaraugus County Bank	1	$350K	0.1%	0.00%
91	Gulf Coast Bank and Trust Company	1	$340K	0.1%	0.00%
92	Industrial Bank	2	$300K	0.1%	0.00%
93	City National Bank	2	$300K	0.1%	0.00%
94	U.S. Bank, National Association	3	$256K	0.0%	0.00%
95	Magnifi Financial CU	1	$253K	0.0%	0.00%
96	Stone Bank	1	$250K	0.0%	0.00%
97	Millennium bcpbank, N.A.	4	$250K	0.0%	0.00%
98	Simmons Bank	1	$214K	0.0%	0.00%
99	PCB Bank	1	$210K	0.0%	0.00%
100	NYBDC Local Development Corporation dba Pursuit Community Finance	1	$202K	0.0%	0.00%
101	Shoreham Bank	1	$180K	0.0%	0.00%
102	Empire State Certified Development Corporation	1	$150K	0.0%	0.00%
103	Florida Capital Bank, National Association	1	$150K	0.0%	0.00%
104	First Merchants Bank	1	$150K	0.0%	0.00%
105	Union County Economic Development Corporation	1	$125K	0.0%	0.00%
106	HSBC Bank USA National Association	1	$100K	0.0%	0.00%
107	Heritage Bank Inc	1	$88K	0.0%	0.00%
108	Asian Bank	1	$80K	0.0%	0.00%
109	DR Bank	1	$15K	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	Retail trade	189	$83.9M	14.6%
2	Health care & social assistance	144	$82.1M	14.3%
3	Accommodation & food services	166	$79.3M	13.8%
4	Other services	205	$53.3M	9.3%
5	Wholesale trade	126	$48.9M	8.5%
6	Construction	165	$29.3M	5.1%
7	Manufacturing	44	$28.7M	5.0%
8	Manufacturing	51	$27.6M	4.8%
9	Manufacturing	40	$23.7M	4.1%
10	Professional & technical services	111	$21.6M	3.8%
11	Transportation & warehousing	112	$20.9M	3.6%
12	Arts, entertainment & recreation	35	$19.7M	3.4%
13	Administrative & waste services	75	$18.4M	3.2%
14	Retail trade	57	$11.2M	2.0%
15	Transportation & warehousing	11	$7.3M	1.3%
16	Real estate & leasing	29	$6.7M	1.2%
17	Educational services	12	$6.1M	1.1%
18	Finance & insurance	14	$2.8M	0.5%
19	Information	15	$1.3M	0.2%
20	Management of companies	1	$1.1M	0.2%
21	Utilities	2	$175K	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.