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

SBA Lending in Newark, New Jersey

The SBA FOIA record lists 873 7(a) approvals worth $243M for businesses in Newark, NJ, 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
10.1%
Active-status distress

Newark is the #2 SBA 7(a) market in New Jersey and #233 in the country. Since 1991 the FOIA record lists 873 approvals here worth $243M, averaging $278,657 each. Annual approval volume has fallen 4% between FY2013-2019 and FY2020-2026. Among 138 active-status loans, 10.1% are delinquent, past due, or in liquidation. The local business type with the most listed records 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. Active-status distress counts DELINQ, PSTDUE, or LIQUID loans as a share of CURR, DELINQ, PSTDUE, LIQUID, or DEFERD loans. Approval is not funding. FOIA record as of March 31, 2026. Methodology.

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