26 SBA loans worth $7.3M went to businesses in Merchantville, NJ between October 2021 and June 2026, from 11 lenders. TD Bank made the most, 9 loans. The median loan was $95,000, compared with $150,000 across New Jersey, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 9 | $396K | $25,000 | 56% |
| 2 | Mid Penn Bank Bank · Millersburg, PA | 4 | $2.4M | $317,500 | 25% |
| 3 | Northeast Bank Bank · Portland, ME | 3 | $132K | $45,100 | 33% |
| 4 | Huntington National Bank Bank · Columbus, OH | 2 | $650K | $325,000 | 0% |
| 5 | Wilmington Savings Fund Society FSB Bank · Wilmington, DE | 2 | $360K | $180,000 | 0% |
| 6 | Fulton Bank Bank · Lancaster, PA | 1 | $1.1M | $1,150,000 | 0% |
| 7 | Manufacturers and Traders Trust Bank · Buffalo, NY | 1 | $1.1M | $1,065,000 | 100% |
| 8 | Peapack Private Bank and Trust Bank · Bedminster, NJ | 1 | $420K | $420,000 | 0% |
| 9 | NYBDC Local Development Corporation dba Pursuit Community Finance Non-bank lender · Latham, NY | 1 | $350K | $350,000 | 0% |
| 10 | New Millennium Bank Bank · Fort Lee, NJ | 1 | $297K | $297,000 | 0% |
| 11 | Newtek Bank Bank · Miami, FL | 1 | $125K | $125,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $100,000 | Mid Penn Bank | |
| Transportation and warehousing | 3 | $45,100 | Northeast Bank | |
| Construction | 3 | $25,000 | TD Bank | |
| Retail | 2 | $385,000 | Peapack Private Bank and Trust | |
| Administrative and support services | 2 | $25,000 | TD Bank | |
| Professional and technical services | 2 | $180,000 | Wilmington Savings Fund Society FSB | |
| Arts, entertainment and recreation | 1 | $125,000 | Newtek Bank | |
| Other services (repair, personal care) | 1 | $50,000 | Northeast Bank |