65 SBA loans worth $45.5M went to businesses in Somerville, NJ between October 2021 and June 2026, from 31 lenders. TD Bank made the most, 8 loans. The median loan was $350,000, compared with $150,000 across New Jersey, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 8 | $760K | $42,500 | 38% |
| 2 | Manufacturers and Traders Trust Bank · Buffalo, NY | 7 | $1.9M | $100,000 | 57% |
| 3 | PNC Bank Bank · Wilmington, DE | 5 | $1.9M | $300,000 | 80% |
| 4 | Provident Bank Bank · Jersey City, NJ | 4 | $1.8M | $397,000 | 75% |
| 5 | Haddon Savings Bank Bank · Haddon Heights, NJ | 3 | $6.8M | $2,811,000 | 33% |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $1.8M | $837,300 | 67% |
| 7 | Huntington National Bank Bank · Columbus, OH | 3 | $645K | $180,000 | 67% |
| 8 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 2 | $3.0M | $1,514,500 | 0% |
| 9 | First Internet Bank of Indiana Bank · Fishers, IN | 2 | $2.0M | $1,015,000 | 0% |
| 10 | Columbia Bank Bank · Fair Lawn, NJ | 2 | $1.8M | $912,500 | 50% |
| 11 | Celtic Bank Bank · Salt Lake City, UT | 2 | $1.8M | $877,750 | 0% |
| 12 | Live Oak Banking Bank · Wilmington, NC | 2 | $1.3M | $666,350 | 0% |
| 13 | TowneBank Bank · Portsmouth, VA | 2 | $1.0M | $502,150 | 50% |
| 14 | Meridian Bank Bank · Wayne, PA | 2 | $820K | $410,000 | 100% |
| 15 | Trenton Business Assistance Non-bank lender · Princeton, NJ | 2 | $456K | $227,900 | 50% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 14 | $215,000 | TD Bank | |
| Professional and technical services | 9 | $250,000 | First Internet Bank of Indiana | |
| Manufacturing | 8 | $183,000 | Manufacturers and Traders Trust | |
| Retail | 8 | $569,000 | Provident Bank | |
| Restaurants and hotels | 7 | $50,000 | Manufacturers and Traders Trust | |
| Wholesale trade | 7 | $837,300 | Haddon Savings Bank | |
| Construction | 3 | $250,000 | TD Bank | |
| Arts, entertainment and recreation | 3 | $365,000 | Magnifi Financial CU |