SBA lending data · fiscal year 2025
17 lenders funded plumbing, heating, and air-conditioning contractors in New Jersey last year
45 SBA 7(a) loans approved under NAICS 238220. Median approval $250,000, median term 120 months, median initial rate 10.5%.
What was actually approved
Half of all approvals in this industry and state fell between $130,000 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.
- 1TD Bank, National Association13 loans · $3M
- 2Manufacturers and Traders Trust Company5 loans · $0.3M
- 3Northeast Bank5 loans · $1.5M
- 4JPMorgan Chase Bank, National Association3 loans · $1.1M
- 5Peapack Private Bank and Trust2 loans · $2.9M
- 6Magyar Bank2 loans · $2.1M
- 7First Internet Bank of Indiana2 loans · $1.3M
- 8BayFirst National Bank2 loans · $0.3M
- 9Fulton Bank, National Association2 loans · $1M
- 10Meridian Bank2 loans · $2.9M
- 11Live Oak Banking Company1 loan · $0.5M
- 12Wells Fargo Bank National Association1 loan · $0.4M
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 year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 43 | 17 | $150,000 |
| FY2024 | 43 | 16 | $100,000 |
| FY2025 | 45 | 17 | $250,000 |
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
Plumbing, Heating, and Air-Conditioning Contractors in other states
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