SBA 7(a) lenders in Salem, NJ

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

Lenders

37 institutions have SBA 7(a) loans on record in Salem, together $61.9M across 126 loans. TD Bank, National Association is the largest, with 19% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	TD Bank, National Association	41	$11.5M	18.6%	4.65%
2	Fulton Bank, National Association	14	$8.1M	13.1%	12.04%
3	New Millennium Bank	1	$5.0M	8.1%	0.00%
4	Readycap Lending, LLC	3	$4.7M	7.6%	0.00%
5	The Bank of Princeton	3	$4.7M	7.6%	0.00%
6	Wilmington Savings Fund Society FSB	3	$4.1M	6.6%	0.00%
7	First Internet Bank of Indiana	2	$3.4M	5.4%	0.00%
8	The First National Bank of Elmer	6	$2.7M	4.3%	0.00%
9	Firstrust Savings Bank	3	$2.0M	3.2%	0.00%
10	Unity Bank	2	$1.6M	2.6%	58.66%
11	HSBC Bank USA National Association	1	$1.5M	2.4%	0.00%
12	First Resource Bank	1	$1.4M	2.3%	0.00%
13	Hana Bank USA National Association	3	$1.3M	2.0%	39.17%
14	Mid Penn Bank	3	$1.2M	2.0%	0.00%
15	Live Oak Banking Company	1	$964K	1.6%	0.00%
16	BHCU D/B/A Propell Credit Union	1	$925K	1.5%	0.00%
17	Meridian Bank	3	$900K	1.5%	0.00%
18	First National Bank of Pennsylvania	2	$850K	1.4%	0.00%
19	Manufacturers and Traders Trust Company	6	$842K	1.4%	5.49%
20	Trenton Business Assistance Corporation	3	$640K	1.0%	0.00%
21	Newtek Bank, National Association	2	$550K	0.9%	0.00%
22	BayFirst National Bank	4	$416K	0.7%	12.63%
23	Parke Bank	1	$400K	0.6%	0.00%
24	Provident Bank	1	$390K	0.6%	0.00%
25	The Huntington National Bank	2	$340K	0.5%	0.00%
26	United Midwest Savings Bank National Association	2	$300K	0.5%	0.00%
27	Wells Fargo Bank National Association	2	$283K	0.5%	0.00%
28	First Bank	1	$200K	0.3%	0.00%
29	SandT Bank	1	$175K	0.3%	0.00%
30	PNC Bank, National Association	1	$170K	0.3%	0.00%
31	Newtek Small Business Finance, Inc.	1	$149K	0.2%	0.00%
32	Independence Bank	1	$125K	0.2%	88.13%
33	Five Star Bank	1	$65K	0.1%	0.00%
34	Northeast Bank	1	$49K	0.1%	0.00%
35	U.S. Bank, National Association	1	$37K	0.1%	0.00%
36	KeyBank National Association	1	$35K	0.1%	0.00%
37	VelocitySBA, LLC	1	$15K	0.0%	33.73%

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	17	$12.2M	19.7%
2	Accommodation & food services	13	$11.5M	18.6%
3	Retail trade	8	$6.0M	9.7%
4	Wholesale trade	7	$5.1M	8.3%
5	Manufacturing	2	$4.9M	8.0%
6	Construction	21	$4.2M	6.7%
7	Health care & social assistance	6	$3.6M	5.9%
8	Other services	16	$2.8M	4.6%
9	Educational services	2	$2.8M	4.6%
10	Professional & technical services	6	$2.6M	4.2%
11	Arts, entertainment & recreation	2	$2.3M	3.7%
12	Manufacturing	7	$1.8M	3.0%
13	Transportation & warehousing	9	$640K	1.0%
14	Manufacturing	2	$635K	1.0%
15	Agriculture, forestry & fishing	3	$425K	0.7%
16	Administrative & waste services	4	$230K	0.4%
17	Real estate & leasing	1	$25K	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.