SBA 7(a) lenders in Union, NJ

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

Lenders

139 institutions have SBA 7(a) loans on record in Union, together $872.0M across 1,955 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	400	$68.2M	7.8%	2.41%
2	Fulton Bank, National Association	39	$60.7M	7.0%	0.46%
3	Live Oak Banking Company	32	$46.7M	5.4%	0.00%
4	FinWise Bank	26	$39.2M	4.5%	1.27%
5	Provident Bank	40	$33.6M	3.8%	0.00%
6	Unity Bank	44	$30.9M	3.5%	0.61%
7	Wells Fargo Bank National Association	103	$23.9M	2.7%	0.16%
8	Santander Bank, National Association	121	$23.8M	2.7%	4.92%
9	BCB Community Bank	26	$22.3M	2.6%	1.59%
10	Hanover Community Bank	11	$21.1M	2.4%	0.00%
11	JPMorgan Chase Bank, National Association	91	$21.0M	2.4%	1.55%
12	Readycap Lending, LLC	34	$16.9M	1.9%	3.61%
13	Manufacturers and Traders Trust Company	127	$16.5M	1.9%	4.45%
14	Cross River Bank	7	$16.3M	1.9%	0.00%
15	New Millennium Bank	27	$16.2M	1.9%	5.32%
16	Meridian Bank	11	$16.1M	1.8%	0.00%
17	Newtek Bank, National Association	39	$16.1M	1.8%	0.00%
18	Magyar Bank	28	$16.1M	1.8%	0.00%
19	OceanFirst Bank, National Association	15	$14.4M	1.6%	0.00%
20	NewBank	31	$13.7M	1.6%	7.50%
21	First National Bank of Pennsylvania	10	$13.7M	1.6%	0.00%
22	Financial Resources Federal Credit Union	30	$13.3M	1.5%	4.34%
23	Kearny Bank	17	$12.9M	1.5%	0.00%
24	Beacon Bank and Trust	12	$12.6M	1.4%	0.00%
25	Hana Bank USA National Association	26	$12.4M	1.4%	0.00%
26	The Bank of Princeton	23	$12.0M	1.4%	1.18%
27	Newtek Small Business Finance, LLC	12	$11.8M	1.4%	0.00%
28	Wilmington Savings Fund Society FSB	16	$11.7M	1.3%	0.00%
29	The Huntington National Bank	28	$11.0M	1.3%	4.50%
30	PNC Bank, National Association	52	$10.9M	1.2%	2.03%
31	Peapack Private Bank and Trust	15	$10.6M	1.2%	0.00%
32	Byline Bank	6	$7.9M	0.9%	1.26%
33	Celtic Bank Corporation	19	$7.9M	0.9%	2.12%
34	Banc of California	6	$7.7M	0.9%	0.00%
35	Columbia Bank	15	$6.8M	0.8%	0.00%
36	Northeast Bank	37	$6.0M	0.7%	0.00%
37	KeyBank National Association	4	$5.7M	0.7%	0.00%
38	Customers Bank	9	$5.6M	0.6%	0.00%
39	Somerset Regal Bank	15	$5.4M	0.6%	0.00%
40	BayFirst National Bank	28	$5.3M	0.6%	8.46%
41	Bank of Hope	25	$5.2M	0.6%	9.01%
42	United Midwest Savings Bank National Association	14	$5.2M	0.6%	2.66%
43	Stearns Bank National Association	9	$4.9M	0.6%	0.00%
44	Harvest Small Business Finance, LLC	1	$4.6M	0.5%	0.00%
45	Bank of America, National Association	22	$4.4M	0.5%	2.82%
46	ConnectOne Bank	6	$3.9M	0.5%	0.00%
47	Parke Bank	3	$3.9M	0.4%	0.00%
48	Firstrust Savings Bank	3	$3.8M	0.4%	0.00%
49	Hanmi Bank	1	$3.8M	0.4%	0.00%
50	Valley National Bank	13	$3.8M	0.4%	6.81%
51	Port 51 Lending LLC	1	$3.7M	0.4%	0.00%
52	GBank	1	$3.4M	0.4%	0.00%
53	First Internet Bank of Indiana	3	$3.2M	0.4%	0.00%
54	Truliant FCU	1	$3.2M	0.4%	0.00%
55	Citibank, N.A.	7	$3.1M	0.4%	0.56%
56	Trenton Business Assistance Corporation	26	$2.9M	0.3%	0.00%
57	Capital One National Association	8	$2.9M	0.3%	1.61%
58	First Bank	5	$2.7M	0.3%	0.00%
59	Truist Bank	5	$2.7M	0.3%	38.84%
60	BankUnited, National Association	1	$2.6M	0.3%	0.00%
61	Ameris Bank	3	$2.6M	0.3%	0.00%
62	Woori America Bank	2	$2.6M	0.3%	0.00%
63	The MINT National Bank	3	$2.5M	0.3%	0.00%
64	Happen Bank	2	$2.5M	0.3%	60.79%
65	First Commonwealth Bank	5	$2.4M	0.3%	14.37%
66	First Bank	3	$2.3M	0.3%	0.00%
67	First Merchants Bank	3	$2.3M	0.3%	0.00%
68	First Commerce Bank	6	$2.3M	0.3%	0.00%
69	Royal Business Bank	1	$2.2M	0.3%	0.00%
70	Dime Commercial Bank	2	$2.2M	0.3%	0.00%
71	Leader Bank, National Association	2	$2.1M	0.2%	0.00%
72	Millennium Bank	1	$2.1M	0.2%	0.00%
73	Simmons Bank	5	$2.1M	0.2%	0.00%
74	Grow America Fund, Incorporated	3	$2.0M	0.2%	0.00%
75	First Bank of the Lake	4	$1.9M	0.2%	7.02%
76	Citizens Bank	3	$1.7M	0.2%	0.00%
77	Spring Bank	1	$1.7M	0.2%	0.00%
78	Crown Bank	6	$1.6M	0.2%	0.00%
79	Heritage Bank Inc	3	$1.4M	0.2%	0.00%
80	Mission Valley Bank	1	$1.4M	0.2%	0.00%
81	Shoreham Bank	5	$1.4M	0.2%	0.00%
82	Poppy Bank	1	$1.3M	0.1%	0.00%
83	Citizens Bank, National Association	2	$1.3M	0.1%	0.00%
84	Stone Bank	3	$1.2M	0.1%	0.00%
85	Metro City Bank	1	$1.2M	0.1%	0.00%
86	22nd State Bank, A Division of 22nd State Banking Company	2	$1.1M	0.1%	0.00%
87	Habib American Bank	3	$1.1M	0.1%	19.01%
88	The Bancorp Bank National Association	1	$1.1M	0.1%	0.00%
89	Lendistry SBLC, LLC	7	$1.1M	0.1%	0.00%
90	Union County Economic Development Corporation	8	$1.1M	0.1%	0.00%
91	Independence Bank	9	$875K	0.1%	13.49%
92	PCB Bank	2	$872K	0.1%	0.00%
93	Millennium bcpbank, N.A.	7	$862K	0.1%	7.91%
94	Continental Bank	1	$833K	0.1%	0.00%
95	BancFirst	1	$785K	0.1%	0.00%
96	The Bank of Houston	1	$746K	0.1%	0.00%
97	First-Citizens Bank & Trust Company	1	$745K	0.1%	0.00%
98	Northfield Bank	2	$725K	0.1%	25.01%
99	Coastal States Bank	1	$700K	0.1%	0.00%
100	United Community Bank	1	$664K	0.1%	0.00%
101	Ponce Bank National Association	2	$610K	0.1%	0.00%
102	First Bank of Central Ohio	1	$604K	0.1%	0.00%
103	American Heritage FCU	1	$600K	0.1%	92.91%
104	Enterprise Bank & Trust	1	$553K	0.1%	0.00%
105	Grasshopper Bank National Association	1	$500K	0.1%	0.00%
106	Lafayette Square SBLC, LLC	1	$500K	0.1%	0.00%
107	Banesco USA	1	$499K	0.1%	0.00%
108	East West Bank	1	$453K	0.1%	0.00%
109	Hana Small Business Lending, Inc.	1	$450K	0.1%	0.00%
110	Frazer Bank	1	$420K	0.0%	0.00%
111	HSBC Bank USA National Association	2	$400K	0.0%	0.00%
112	Florida Capital Bank, National Association	1	$350K	0.0%	0.00%
113	Five Star Bank	1	$350K	0.0%	0.00%
114	First Financial Bank	1	$350K	0.0%	0.00%
115	First Federal Bank	1	$334K	0.0%	0.00%
116	Federal Deposit Insurance Corporation	2	$330K	0.0%	16.82%
117	Shinhan Bank America	2	$329K	0.0%	0.00%
118	Columbia Bank	1	$323K	0.0%	0.00%
119	TruFund Financial Services Inc	1	$250K	0.0%	0.00%
120	Colony Bank	2	$250K	0.0%	39.47%
121	NYBDC Local Development Corporation dba Pursuit Community Finance	1	$250K	0.0%	0.00%
122	Haven Savings Bank	1	$247K	0.0%	0.00%
123	Capital Bank, National Association	1	$238K	0.0%	0.00%
124	Seacoast National Bank	1	$225K	0.0%	86.27%
125	PromiseOne Bank	1	$225K	0.0%	0.00%
126	Manasquan Bank	1	$220K	0.0%	0.00%
127	Prestamos CDFI, LLC	1	$200K	0.0%	83.42%
128	Peoples Security Bank and Trust Company	1	$200K	0.0%	0.00%
129	Ascendus, Inc.	1	$200K	0.0%	0.00%
130	Titan Bank, National Association	1	$162K	0.0%	0.00%
131	Accion Opportunity Fund Community Development	1	$150K	0.0%	0.00%
132	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$150K	0.0%	0.00%
133	CDC Small Business Finance Corp.	1	$140K	0.0%	0.00%
134	TowneBank	1	$138K	0.0%	0.00%
135	Empire State Certified Development Corporation	1	$117K	0.0%	0.00%
136	Webster Bank National Association	1	$100K	0.0%	0.00%
137	Popular Bank	3	$95K	0.0%	92.99%
138	VelocitySBA, LLC	5	$53K	0.0%	22.08%
139	Brooklyn Cooperative Federal Credit Union	1	$44K	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	237	$132.4M	15.2%
2	Retail trade	205	$122.1M	14.0%
3	Other services	256	$109.1M	12.5%
4	Health care & social assistance	172	$94.8M	10.9%
5	Wholesale trade	125	$56.0M	6.4%
6	Manufacturing	66	$53.0M	6.1%
7	Construction	200	$50.7M	5.8%
8	Retail trade	78	$42.0M	4.8%
9	Professional & technical services	139	$36.1M	4.1%
10	Manufacturing	30	$32.3M	3.7%
11	Transportation & warehousing	159	$27.8M	3.2%
12	Administrative & waste services	82	$23.0M	2.6%
13	Arts, entertainment & recreation	52	$20.5M	2.4%
14	Real estate & leasing	41	$15.9M	1.8%
15	Finance & insurance	25	$15.0M	1.7%
16	Manufacturing	23	$14.2M	1.6%
17	Educational services	36	$13.9M	1.6%
18	Transportation & warehousing	17	$7.0M	0.8%
19	Information	10	$5.7M	0.7%
20	Mining & extraction	1	$250K	0.0%
21	Agriculture, forestry & fishing	1	$51K	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.