SBA Loans for Machine Shops in New Jersey: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
6
in New Jersey
Median Loan Size
$167,500
per approval
Recent Activity
1
last 90 days through Jul 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 6 approvals on record and a median loan size of $167,500.
Key trends & insights
- Machine Shops in New Jersey lending is concentrated — TD Bank, National Association, Bayfirst National Bank, First Commerce Bank together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
- TD Bank, National Association leads this industry with 2 approvals (33% market share) and a median loan of $98,500.
- Machine Shops in New Jersey loans skew smaller than the SBA average at $167,500 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 Machine Shops in New Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $98,500 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $297,000 | |
| 4 | 1 | $800,000 | |
| 5 | 1 | $100,000 |
Recent SBA 7(a) approvals for Machine Shops in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-07 | BayFirst National Bank | NES*****LLC | FLORHAM PARK, NJ | $150,000 |
| 2024-04 | TD Bank, National Association | Wel*****LLC | RANCOCAS, NJ | $150,000 |
| 2024-01 | TD Bank, National Association | TPJ*****orp | WYCKOFF, NJ | $12,000 |
| 2024-01 | TD Bank, National Association | A.M*****ORP | HAWTHORNE, NJ | $185,000 |
| 2023-12 | Meridian Bank | Ast*****LLC | RAHWAY, NJ | $3,660,000 |
| 2023-08 | Meridian Bank | COR*****ORP | PEDRICKTOWN, NJ | $100,000 |
| 2023-08 | Meridian Bank | COR*****ORP | PEDRICKTOWN, NJ | $700,000 |
| 2023-04 | First Commerce Bank | Mer*****LLC | Hamilton, NJ | $297,000 |
| 2022-11 | Manufacturers and Traders Trust Company | BR *****Inc | HOWELL, NJ | $300,000 |
| 2022-11 | Manufacturers and Traders Trust Company | B. *****nc. | HOWELL, NJ | $1,295,000 |
| 2021-08 | Fulton Bank, National Association | The*****Inc | STIRLING, NJ | $800,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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