SBA 7(a) lenders in Union, NJ

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

Lenders

140 institutions have SBA 7(a) loans on record in Union, together $861.1M across 1,927 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	393	$67.6M	7.8%	2.35%
2	Fulton Bank, National Association	38	$60.6M	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	39	$33.3M	3.9%	0.00%
6	Unity Bank	43	$30.6M	3.6%	0.62%
7	Wells Fargo Bank National Association	103	$23.9M	2.8%	0.16%
8	BCB Community Bank	26	$22.3M	2.6%	1.59%
9	Hanover Community Bank	11	$21.1M	2.5%	0.00%
10	JPMorgan Chase Bank, National Association	91	$21.0M	2.4%	1.61%
11	Santander Bank, National Association	111	$17.9M	2.1%	6.54%
12	Readycap Lending, LLC	34	$16.9M	2.0%	3.61%
13	Cross River Bank	7	$16.3M	1.9%	0.00%
14	New Millennium Bank	27	$16.2M	1.9%	5.32%
15	Meridian Bank	11	$16.1M	1.9%	0.00%
16	Newtek Bank, National Association	37	$15.9M	1.8%	0.00%
17	Magyar Bank	27	$15.7M	1.8%	0.00%
18	Manufacturers and Traders Trust Company	120	$14.8M	1.7%	3.30%
19	OceanFirst Bank, National Association	15	$14.4M	1.7%	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	Kearny Bank	17	$12.9M	1.5%	0.00%
23	Financial Resources Federal Credit Union	29	$12.7M	1.5%	4.55%
24	Beacon Bank and Trust	12	$12.6M	1.5%	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, Inc.	12	$11.8M	1.4%	0.00%
28	Wilmington Savings Fund Society FSB	16	$11.7M	1.4%	0.00%
29	The Huntington National Bank	28	$11.0M	1.3%	4.50%
30	PNC Bank, National Association	52	$10.9M	1.3%	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	Banc of California	6	$7.7M	0.9%	0.00%
34	Celtic Bank Corporation	18	$6.4M	0.7%	2.61%
35	Northeast Bank	37	$6.0M	0.7%	0.00%
36	Webster Bank National Association	11	$6.0M	0.7%	0.00%
37	KeyBank National Association	4	$5.7M	0.7%	0.00%
38	Customers Bank	9	$5.6M	0.7%	0.00%
39	Somerset Regal Bank	15	$5.4M	0.6%	0.00%
40	BayFirst National Bank	28	$5.3M	0.6%	4.53%
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	Parke Bank	3	$3.9M	0.5%	0.00%
47	Firstrust Savings Bank	3	$3.8M	0.4%	0.00%
48	Hanmi Bank	1	$3.8M	0.4%	0.00%
49	Valley National Bank	13	$3.8M	0.4%	6.81%
50	Northfield Bank	7	$3.7M	0.4%	4.85%
51	Port 51 Lending LLC	1	$3.7M	0.4%	0.00%
52	Columbia Bank	9	$3.6M	0.4%	0.00%
53	GBank	1	$3.4M	0.4%	0.00%
54	First Internet Bank of Indiana	3	$3.2M	0.4%	0.00%
55	Truliant FCU	1	$3.2M	0.4%	0.00%
56	Citibank, N.A.	7	$3.1M	0.4%	0.56%
57	Trenton Business Assistance Corporation	26	$2.9M	0.3%	0.00%
58	Capital One National Association	8	$2.9M	0.3%	1.61%
59	First Bank	5	$2.7M	0.3%	0.00%
60	Truist Bank	5	$2.7M	0.3%	38.84%
61	BankUnited, National Association	1	$2.6M	0.3%	0.00%
62	Ameris Bank	3	$2.6M	0.3%	0.00%
63	Woori America Bank	2	$2.6M	0.3%	0.00%
64	The MINT National Bank	3	$2.5M	0.3%	0.00%
65	Happen Bank	2	$2.5M	0.3%	60.79%
66	First Commonwealth Bank	5	$2.4M	0.3%	14.37%
67	First 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	First Merchants Bank	2	$2.2M	0.3%	0.00%
72	Millennium Bank	1	$2.1M	0.2%	0.00%
73	ConnectOne Bank	5	$2.1M	0.2%	0.00%
74	Simmons Bank	5	$2.1M	0.2%	0.00%
75	Grow America Fund, Incorporated	3	$2.0M	0.2%	0.00%
76	First Bank of the Lake	4	$1.9M	0.2%	0.00%
77	Citizens Bank	3	$1.7M	0.2%	0.00%
78	Spring Bank	1	$1.7M	0.2%	0.00%
79	Crown Bank	6	$1.6M	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	Metro City Bank	1	$1.2M	0.1%	0.00%
85	22nd State Bank, A Division of 22nd State Banking Company	2	$1.1M	0.1%	0.00%
86	Stone Bank	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	Coastal States Bank	1	$700K	0.1%	0.00%
99	United Community Bank	1	$664K	0.1%	0.00%
100	Ponce Bank National Association	2	$610K	0.1%	0.00%
101	First Bank of Central Ohio	1	$604K	0.1%	0.00%
102	American Heritage FCU	1	$600K	0.1%	92.91%
103	Enterprise Bank & Trust	1	$553K	0.1%	0.00%
104	Lafayette Square SBLC, LLC	1	$500K	0.1%	0.00%
105	Grasshopper Bank National Association	1	$500K	0.1%	0.00%
106	Banesco USA	1	$499K	0.1%	0.00%
107	East West Bank	1	$453K	0.1%	0.00%
108	Hana Small Business Lending, Inc.	1	$450K	0.1%	0.00%
109	Frazer Bank	1	$420K	0.0%	0.00%
110	HSBC Bank USA National Association	2	$400K	0.0%	0.00%
111	Florida Capital Bank, National Association	1	$350K	0.0%	0.00%
112	Five Star Bank	1	$350K	0.0%	0.00%
113	First Financial Bank	1	$350K	0.0%	0.00%
114	Leader Bank, National Association	1	$349K	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	Heritage Bank Inc	2	$300K	0.0%	0.00%
120	TruFund Financial Services Inc	1	$250K	0.0%	0.00%
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	PromiseOne Bank	1	$225K	0.0%	0.00%
125	Seacoast National Bank	1	$225K	0.0%	86.27%
126	Manasquan Bank	1	$220K	0.0%	0.00%
127	Prestamos CDFI, LLC	1	$200K	0.0%	83.42%
128	Ascendus, Inc.	1	$200K	0.0%	0.00%
129	Peoples Security Bank and Trust Company	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	Blue Foundry Bank	1	$100K	0.0%	0.00%
137	Colony Bank	1	$100K	0.0%	98.67%
138	Popular Bank	3	$95K	0.0%	92.99%
139	VelocitySBA, LLC	5	$53K	0.0%	22.08%
140	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	235	$129.8M	15.1%
2	Retail trade	204	$121.5M	14.1%
3	Other services	252	$106.9M	12.4%
4	Health care & social assistance	170	$94.4M	11.0%
5	Wholesale trade	124	$55.8M	6.5%
6	Manufacturing	66	$53.0M	6.2%
7	Construction	199	$50.6M	5.9%
8	Retail trade	76	$41.8M	4.8%
9	Professional & technical services	136	$35.8M	4.2%
10	Manufacturing	27	$31.1M	3.6%
11	Transportation & warehousing	157	$27.5M	3.2%
12	Administrative & waste services	80	$22.9M	2.7%
13	Arts, entertainment & recreation	48	$19.9M	2.3%
14	Real estate & leasing	42	$16.0M	1.9%
15	Educational services	36	$13.9M	1.6%
16	Manufacturing	22	$13.8M	1.6%
17	Finance & insurance	24	$13.3M	1.5%
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.