Peapack Private Bank and Trust approved 147 SBA loans worth $159.4M between October 2021 and June 2026, ranking #270 of 2,283 SBA lenders nationally by loan count. Its median loan was $680,000, and 22% went to startups or businesses under two years old. It lent in 7 states, most often in New Jersey, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New Jersey | 96 | $97.9M | $625,000 | #23 |
| New York | 32 | $34.7M | $1,000,000 | #62 |
| Pennsylvania | 12 | $14.2M | $684,000 | #88 |
| California | 3 | $6.0M | $500,000 | #225 |
| Florida | 2 | $3.6M | $1,805,000 | #268 |
| Connecticut | 1 | $1.4M | $1,422,000 | #119 |
| Texas | 1 | $1.6M | $1,575,000 | #457 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 43 | $750,000 | |
| Restaurants and hotels | 30 | $637,500 | |
| Health care and social assistance | 16 | $745,000 | |
| Other services (repair, personal care) | 13 | $900,000 | |
| Professional and technical services | 10 | $796,500 | |
| Construction | 9 | $425,000 | |
| Manufacturing | 7 | $1,000,000 | |
| Wholesale trade | 5 | $500,000 | |
| Arts, entertainment and recreation | 4 | $562,500 | |
| Administrative and support services | 3 | $578,000 |