Construction lenders in Somerset, NJ
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
24 institutions have SBA 7(a) loans on record to this industry in Somerset, NJ, together $19.2M across 98 loans. Peapack Private Bank and Trust is the largest, with 25% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Peapack Private Bank and Trust | 2 | $4.8M | 24.7% |
| 2 | Meridian Bank | 6 | $4.1M | 21.4% |
| 3 | TD Bank, National Association | 36 | $2.3M | 11.8% |
| 4 | Beacon Bank and Trust | 1 | $1.6M | 8.4% |
| 5 | BayFirst National Bank | 4 | $800K | 4.2% |
| 6 | United Midwest Savings Bank National Association | 5 | $750K | 3.9% |
| 7 | PNC Bank, National Association | 3 | $682K | 3.5% |
| 8 | Northeast Bank | 7 | $602K | 3.1% |
| 9 | Manufacturers and Traders Trust Company | 6 | $505K | 2.6% |
| 10 | Wells Fargo Bank National Association | 3 | $399K | 2.1% |
| 11 | JPMorgan Chase Bank, National Association | 3 | $370K | 1.9% |
| 12 | The Huntington National Bank | 2 | $318K | 1.7% |
| 13 | Unity Bank | 2 | $300K | 1.6% |
| 14 | Financial Resources Federal Credit Union | 1 | $280K | 1.5% |
| 15 | Celtic Bank Corporation | 3 | $255K | 1.3% |
| 16 | Santander Bank, National Association | 3 | $251K | 1.3% |
| 17 | Provident Bank | 2 | $240K | 1.2% |
| 18 | Readycap Lending, LLC | 1 | $200K | 1.0% |
| 19 | Fulton Bank, National Association | 2 | $180K | 0.9% |
| 20 | Magnifi Financial CU | 1 | $150K | 0.8% |
| 21 | Newtek Bank, National Association | 1 | $100K | 0.5% |
| 22 | Bank of America, National Association | 2 | $62K | 0.3% |
| 23 | Capital One National Association | 1 | $25K | 0.1% |
| 24 | VelocitySBA, LLC | 1 | $5K | 0.0% |
See construction lenders nationally
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.