59 SBA loans worth $16.5M went to businesses in Passaic, NJ between October 2021 and June 2026, from 18 lenders. TD Bank made the most, 18 loans. The median loan was $150,000, compared with $150,000 across New Jersey, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 18 | $1.8M | $75,000 | 22% |
| 2 | Manufacturers and Traders Trust Bank · Buffalo, NY | 12 | $696K | $20,000 | 17% |
| 3 | Fulton Bank Bank · Lancaster, PA | 4 | $3.0M | $771,250 | 0% |
| 4 | BayFirst National Bank Bank · St. Petersburg, FL | 4 | $600K | $150,000 | 0% |
| 5 | Northeast Bank Bank · Portland, ME | 3 | $1.0M | $250,000 | 0% |
| 6 | PNC Bank Bank · Wilmington, DE | 3 | $125K | $50,000 | 33% |
| 7 | KeyBank Bank · Cleveland, OH | 2 | $988K | $494,000 | 0% |
| 8 | Colony Bank Bank · Fitzgerald, GA | 2 | $300K | $150,000 | 0% |
| 9 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $35K | $17,500 | 100% |
| 10 | Hanover Community Bank Bank · Garden City Park, NY | 1 | $2.9M | $2,940,000 | 0% |
| 11 | New Millennium Bank Bank · Fort Lee, NJ | 1 | $1.5M | $1,500,000 | 100% |
| 12 | Royal Business Bank Bank · Los Angeles, CA | 1 | $973K | $973,000 | 0% |
| 13 | Financial Resources Federal Credit Union Credit union · Branchburg, NJ | 1 | $540K | $540,000 | 0% |
| 14 | Webster Bank Bank · Stamford, CT | 1 | $500K | $500,000 | 0% |
| 15 | Valley National Bank Bank · Passaic, NJ | 1 | $486K | $486,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 15 | $40,000 | Manufacturers and Traders Trust | |
| Transportation and warehousing | 14 | $182,500 | TD Bank | |
| Wholesale trade | 8 | $150,000 | TD Bank | |
| Construction | 5 | $50,000 | TD Bank | |
| Manufacturing | 5 | $250,000 | TD Bank | |
| Professional and technical services | 4 | $150,000 | BayFirst National Bank | |
| Other services (repair, personal care) | 3 | $25,000 | Manufacturers and Traders Trust | |
| Restaurants and hotels | 3 | $50,000 | Valley National Bank |