SHANE PIERSON · SBA DATA
SBA by City · Newark, NJ

SBA Lending in Newark, New Jersey

Businesses in Newark, NJ have drawn 873 SBA 7(a) loans worth $243M, and annual volume has fallen 4% versus the prior decade.

873
7(a) loans
$243M
Approved dollars
$278,657
Average loan size
#2
Rank in New Jersey
-4%
Annualized vs prior decade
16.6%
Active-loan distress

Newark is the #2 SBA 7(a) market in New Jersey and #233 in the country. Since 1991 lenders have approved 873 loans here worth $243M, averaging $278,657 each. Annual approval volume has fallen 4% between FY2013-2019 and FY2020-2026. 16.6% of the active book is delinquent, past due, or in liquidation. The most-funded local business type is full-service restaurants.

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7(a) loans only, approved and not cancelled, gross basis, grouped by the borrower's city as filed. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026.