SBA lending data · fiscal year 2025

15 lenders funded general automotive repair in New Jersey last year

35 SBA 7(a) loans approved under NAICS 811111. Median approval $200,000, median term 120 months, median initial rate 10.25%.

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What was actually approved

35
loans approved
15
distinct lenders
$50k
25th percentile
$500k
75th percentile

Half of all approvals in this industry and state fell between $50,000 and $500,000. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.

The most active lenders

Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.

  1. 1TD Bank, National Association16 loans · $5M
  2. 2Manufacturers and Traders Trust Company3 loans · $0.2M
  3. 3The Huntington National Bank3 loans · $0.8M
  4. 4Newtek Bank, National Association2 loans · $0.3M
  5. 5Univest Bank and Trust Co1 loan · $0.5M
  6. 6PNC Bank, National Association1 loan · $0.4M
  7. 7Harvest Small Business Finance, LLC1 loan · $0.4M
  8. 8Readycap Lending, LLC1 loan · $0.1M
  9. 9Northeast Bank1 loan · $0.1M
  10. 10Columbia Bank1 loan · $1.2M
  11. 11Citizens Bank1 loan · $1.2M
  12. 12OceanFirst Bank, National Association1 loan · $0.6M

This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.

Is this industry getting easier or harder to finance?

Fiscal yearLoansLendersMedian approval
FY20232513$95,000
FY20242910$135,000
FY20253515$200,000

Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.

Where this comes from

The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.

This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.

Other industries in New Jersey

General Automotive Repair in other states

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