SBA Loans for Electrical Contractors in New Jersey: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
177
in New Jersey
Median Loan Size
$100,000
per approval
Recent Activity
8
last 90 days through Nov 2025
NAICS 238 covers electrical contractors businesses. This is a moderately active sector for SBA 7(a) lending with 177 approvals and a median loan size of $100,000.
Key trends & insights
- Electrical Contractors in New Jersey lending is concentrated — TD Bank, National Association, Manufacturers AND Traders Trust Company, Jpmorgan Chase Bank, National Association together account for 61% of all approvals. If you're in this industry, these are your highest-probability lenders.
- TD Bank, National Association leads this industry with 61 approvals (39% market share) and a median loan of $60,800.
- Electrical Contractors in New Jersey loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in New Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 61 | $60,800 | |
| 2 | 24 | $67,500 | |
| 3 | 11 | $179,000 | |
| 4 | 7 | $350,000 | |
| 5 | 6 | $98,200 | |
| 6 | 6 | $52,000 | |
| 7 | 5 | $100,000 | |
| 8 | 4 | $375,000 | |
| 9 | 4 | $462,500 | |
| 10 | 4 | $860,000 | |
| 11 | 3 | $155,300 | |
| 12 | 3 | $274,000 | |
| 13 | 3 | $425,000 | |
| 14 | 3 | $564,500 | |
| 15 | 3 | $40,000 | |
| 16 | 2 | $425,000 | |
| 17 | 2 | $117,500 | |
| 18 | 2 | $87,500 | |
| 19 | 2 | $2,235,000 | |
| 20 | 2 | $680,000 |
Recent SBA 7(a) approvals for Electrical Contractors in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Manufacturers and Traders Trust Company | Com*****LLC | MANAHAWKIN, NJ | $75,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Com*****LLC | MANAHAWKIN, NJ | $500,000 |
| 2025-11 | TD Bank, National Association | RSB*****LLC | RAMSEY, NJ | $40,000 |
| 2025-08 | PNC Bank, National Association | Cro*****LLC | EAST HANOVER, NJ | $400,000 |
| 2025-08 | Wells Fargo Bank National Association | OLD*****LLC | COLUMBIA, NJ | $1,355,600 |
| 2025-08 | TD Bank, National Association | Sta*****ted | NORTH BERGEN, NJ | $35,000 |
| 2025-07 | Manufacturers and Traders Trust Company | P&C*****LLC | PARLIN, NJ | $50,000 |
| 2025-06 | TD Bank, National Association | Adl*****LLC | LONG BRANCH, NJ | $15,000 |
| 2025-05 | Manufacturers and Traders Trust Company | BON*****LLC | FORKED RIVER, NJ | $50,000 |
| 2025-05 | Readycap Lending, LLC | Arg*****LLC | Clifton, NJ | $274,000 |
| 2025-05 | Fulton Bank, National Association | E.R*****.C. | OCEAN VIEW, NJ | $200,000 |
| 2025-05 | Fulton Bank, National Association | E.R*****.C. | OCEAN VIEW, NJ | $1,000,000 |
| 2025-05 | JPMorgan Chase Bank, National Association | M P*****nc. | BELLEVILLE, NJ | $250,000 |
| 2025-03 | Bank of America, National Association | Ele*****LLC | NEW EGYPT, NJ | $234,000 |
| 2025-03 | TD Bank, National Association | SE****LLC | PALMYRA, NJ | $224,000 |
| 2025-03 | TD Bank, National Association | FRE*****ANY | FORKED RIVER, NJ | $50,000 |
| 2025-02 | JPMorgan Chase Bank, National Association | FRI*****LLC | TRENTON, NJ | $200,000 |
| 2025-02 | TD Bank, National Association | Har*****any | MEDFORD, NJ | $90,000 |
| 2025-02 | Newtek Bank, National Association | Dia*****llc | EAST HANOVER, NJ | $50,000 |
| 2025-02 | Meridian Bank | NAN*****LLC | WESTFIELD, NJ | $150,000 |
| 2025-02 | TD Bank, National Association | The*****LLC | BRICK, NJ | $45,000 |
| 2025-02 | First Internet Bank of Indiana | SM *****nc. | POMPTON PLAINS, NJ | $150,000 |
| 2025-02 | Santander Bank, National Association | EVE*****LLC | ELIZABETH, NJ | $35,000 |
| 2025-01 | TD Bank, National Association | Kas*****LLC | NEWFIELD, NJ | $15,000 |
| 2025-01 | Magyar Bank | Mr *****LLC | MONROE TOWNSHIP, NJ | $900,000 |
| 2025-01 | TD Bank, National Association | Nat*****LLC | MINOTOLA, NJ | $25,000 |
| 2025-01 | TD Bank, National Association | RF *****nc. | HACKENSACK, NJ | $165,000 |
| 2025-01 | Celtic Bank Corporation | THE*****OUP | ALLENTOWN BORO, NJ | $150,000 |
| 2024-12 | TD Bank, National Association | BMF*****LLC | POINT PLEASANT, NJ | $150,000 |
| 2024-12 | TD Bank, National Association | Tot*****LLC | TOTOWA, NJ | $75,000 |
| 2024-12 | TD Bank, National Association | Gra*****any | FRANKLINVILLE, NJ | $55,000 |
| 2024-12 | Manufacturers and Traders Trust Company | ROO*****LLC | ROCKY HILL, NJ | $100,000 |
| 2024-12 | Manufacturers and Traders Trust Company | ROO*****LLC | ROCKY HILL, NJ | $25,000 |
| 2024-11 | Northeast Bank | KAS*****LLC | Newfield, NJ | $100,000 |
| 2024-11 | TD Bank, National Association | Efe*****Inc | TOMS RIVER, NJ | $25,000 |
| 2024-11 | Manufacturers and Traders Trust Company | DCR*****NC. | METUCHEN, NJ | $250,000 |
| 2024-11 | Northeast Bank | Lar*****LLC | Shrewsbury, NJ | $500,000 |
| 2024-10 | Citibank, N.A. | Fou*****LLC | North HALEDON, NJ | $39,000 |
| 2024-10 | TD Bank, National Association | LK *****LLC | BAYONNE, NJ | $20,000 |
| 2024-10 | JPMorgan Chase Bank, National Association | Bac*****LLC | LAKEWOOD, NJ | $270,000 |
| 2024-08 | FinWise Bank | Sup*****LLC | Howell, NJ | $150,000 |
| 2024-08 | Northeast Bank | Chr*****ing | Vernon, NJ | $20,000 |
| 2024-08 | TD Bank, National Association | MOI*****LLC | BURLINGTON, NJ | $46,500 |
| 2024-08 | TD Bank, National Association | Gra*****any | FRANKLINVILLE, NJ | $45,000 |
| 2024-08 | Manufacturers and Traders Trust Company | Can*****LLC | LODI, NJ | $20,000 |
| 2024-08 | TD Bank, National Association | Sto*****LLC | LAKEWOOD, NJ | $20,000 |
| 2024-08 | TD Bank, National Association | Bes*****LLC | HOPATCONG, NJ | $25,000 |
| 2024-08 | Northeast Bank | MVM*****LLC | Egg Harbor Township, NJ | $23,400 |
| 2024-08 | TD Bank, National Association | Tri*****any | ELIZABETH, NJ | $234,000 |
| 2024-06 | TD Bank, National Association | Jer*****LLC | LEBANON, NJ | $100,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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