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SBA lenders in Paterson, NJ

SBA 7(a) and 504 loans to businesses in Paterson (Passaic County), October 2021 to June 30, 2026 · Updated October 15, 2026
146
SBA loans approved
$71.7M
Total approved
$110,000
Median loan
37
Lenders active
25%
To startups

146 SBA loans worth $71.7M went to businesses in Paterson, NJ between October 2021 and June 2026, from 37 lenders. TD Bank made the most, 40 loans. The median loan was $110,000, compared with $150,000 across New Jersey, and other services (repair, personal care) was the most financed industry.

Most active SBA lenders in Paterson

#LenderLoansApprovedMedian loanTo startups
1TD Bank
Bank · Wilmington, DE
40$8.3M$100,00035%
2Manufacturers and Traders Trust
Bank · Buffalo, NY
19$1.2M$80,00016%
3Wells Fargo Bank
Bank · Sioux Falls, SD
12$5.6M$15,00083%
4Newtek Bank
Bank · Miami, FL
8$1.0M$100,00025%
5JPMorgan Chase Bank
Bank · Columbus, OH
7$1.2M$200,0000%
6Northeast Bank
Bank · Portland, ME
7$1.1M$150,0000%
7Trenton Business Assistance
Certified development company · Princeton, NJ
6$13.4M$1,967,50017%
8FinWise Bank
Bank · Murray, UT
4$5.4M$1,000,0000%
9PNC Bank
Bank · Wilmington, DE
4$90K$22,50025%
10Empire State Certified Development
Certified development company · Latham, NY
3$2.9M$723,0000%
11ConnectOne Bank
Bank · Englewood Cliffs, NJ
3$1.5M$450,00033%
12Readycap Lending
Non-bank lender · Berkeley Heights, NJ
3$900K$350,0000%
13Cross River Bank
Bank · Fort Lee, NJ
2$2.6M$1,280,0000%
14Capital One
Bank · McLean, VA
2$1.3M$633,5000%
15Huntington National Bank
Bank · Columbus, OH
2$615K$307,5000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Paterson. For 504 loans the lender shown is the certified development company.

What gets financed in Paterson

IndustryLoansShareMedian loanMost active lender
Other services (repair, personal care)25
17%
$50,000Manufacturers and Traders Trust
Wholesale trade24
16%
$220,000TD Bank
Retail23
16%
$200,000TD Bank
Manufacturing23
16%
$250,000TD Bank
Transportation and warehousing12
8%
$65,000Manufacturers and Traders Trust
Construction11
8%
$100,000TD Bank
Administrative and support services7
5%
$150,000TD Bank
Restaurants and hotels6
4%
$25,000Wells Fargo Bank
Loan size mix
  • Under $150,00052%
  • $150,000 to $500,00026%
  • $500,000 to $2 million13%
  • $2 million and up9%
Compared with New Jersey
Median loan, Paterson
$110,000
Median loan, New Jersey
$150,000
Startup share, Paterson
25%
Startup share, New Jersey
30%
Share of state's SBA loans
1.3%

SBA loans per fiscal year in Paterson

0173350FY14: 10 loansFY14FY15: 17 loansFY15FY16: 14 loansFY16FY17: 28 loansFY17FY18: 20 loansFY18FY19: 30 loansFY19FY20: 16 loansFY20FY21: 19 loansFY21FY22: 20 loansFY22FY23: 42 loansFY2342FY24: 28 loansFY24FY25: 37 loansFY25FY26 (Oct to Jun): 19 loansFY2619
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.