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 |
|---|---|---|---|---|
| 2025-12 | Newtek Bank, National Association | MET*****NC. | DOVER, NJ | $250,000 |
| 2025-08 | Wells Fargo Bank National Association | GRO*****LLC | FAR HILLS, NJ | $20,000 |
| 2025-08 | Fulton Bank, National Association | Fiv*****LLC | MULLICA HILL, NJ | $100,000 |
| 2025-07 | Northeast Bank | H-H*****LLC | CLIFFSIDE PARK, NJ | $50,000 |
| 2025-07 | BayFirst National Bank | NES*****LLC | FLORHAM PARK, NJ | $150,000 |
| 2025-07 | Readycap Lending, LLC | Led*****LLC | LAKEWOOD, NJ | $350,000 |
| 2024-12 | Truist Bank | AJM*****nc. | RUNNEMEDE, NJ | $3,394,500 |
| 2024-10 | Newtek Bank, National Association | BMS*****LLC | West Milford, NJ | $525,000 |
| 2024-06 | Manufacturers and Traders Trust Company | HVA*****LLC | LINDEN, NJ | $62,100 |
| 2024-06 | Manufacturers and Traders Trust Company | HVA*****LLC | LINDEN, NJ | $202,500 |
| 2024-06 | Manufacturers and Traders Trust Company | HVA*****LLC | LINDEN, NJ | $45,000 |
| 2024-06 | Manufacturers and Traders Trust Company | HVA*****LLC | LINDEN, NJ | $90,000 |
| 2024-04 | TD Bank, National Association | Wel*****LLC | RANCOCAS, NJ | $150,000 |
| 2024-04 | TD Bank, National Association | CUS*****NC. | FRENCHTOWN, NJ | $250,000 |
| 2024-03 | Newtek Bank, National Association | Par*****ion | North Brunswick, NJ | $200,000 |
| 2024-03 | Newtek Bank, National Association | Par*****ion | North Brunswick, NJ | $400,000 |
| 2024-01 | Manufacturers and Traders Trust Company | Tit*****LLC | LAFAYETTE, NJ | $100,000 |
| 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 |
| 2024-01 | Brookline Bank, a Division of Beacon Bank and Trust | ACE*****LLC | FARMINGDALE, NJ | $815,000 |
| 2024-01 | Brookline Bank, a Division of Beacon Bank and Trust | ACE*****LLC | FARMINGDALE, NJ | $350,000 |
| 2023-12 | Meridian Bank | Ast*****LLC | RAHWAY, NJ | $400,000 |
| 2023-12 | Meridian Bank | Ast*****LLC | RAHWAY, NJ | $3,660,000 |
| 2023-09 | Newtek Bank, National Association | AKE*****LLC | ROSEMONT, NJ | $125,000 |
| 2023-09 | TD Bank, National Association | MBF*****LC. | CLIFTON, NJ | $150,000 |
| 2023-08 | Meridian Bank | COR*****ORP | PEDRICKTOWN, NJ | $100,000 |
| 2023-08 | Meridian Bank | COR*****ORP | PEDRICKTOWN, NJ | $700,000 |
| 2023-05 | Meridian Bank | PR *****INC | Shamong, NJ | $400,000 |
| 2023-05 | Meridian Bank | CCV****LLC | Shamong, NJ | $2,335,000 |
| 2023-04 | First Commerce Bank | Mer*****LLC | Hamilton, NJ | $297,000 |
| 2023-01 | TD Bank, National Association | Har*****ion | HACKENSACK, NJ | $70,000 |
| 2022-11 | Manufacturers and Traders Trust Company | B. *****nc. | HOWELL, NJ | $1,295,000 |
| 2022-11 | Manufacturers and Traders Trust Company | BR *****Inc | HOWELL, NJ | $300,000 |
| 2022-10 | Cadence Bank | AUT*****INC | BEACHWOOD, NJ | $350,000 |
| 2022-06 | Trenton Business Assistance Corporation | Lob*****Inc | Lodi, NJ | $200,000 |
| 2022-04 | PNC Bank, National Association | CLE*****LLC | EAST ORANGE, NJ | $60,000 |
| 2022-01 | Bank of Hope | Blu*****LLC | LINDEN, NJ | $697,000 |
| 2021-09 | Fulton Bank, National Association | OnG*****td. | Moorestown, NJ | $333,000 |
| 2021-09 | TD Bank, National Association | Art*****LLC | PLAINFIELD, NJ | $78,500 |
| 2021-08 | First Bank | Tri*****LLC | CARLSTADT, NJ | $500,000 |
| 2021-08 | Fulton Bank, National Association | The*****Inc | STIRLING, NJ | $800,000 |
| 2020-12 | Brookline Bank, a Division of Beacon Bank and Trust | For*****LLC | MORGANVILLE, NJ | $300,000 |
| 2020-12 | Brookline Bank, a Division of Beacon Bank and Trust | For*****LLC | MORGANVILLE, NJ | $1,235,000 |
| 2020-03 | Manufacturers and Traders Trust Company | A&D*****Inc | Bogota, NJ | $10,000 |
| 2020-03 | Manufacturers and Traders Trust Company | A&D*****Inc | Bogota, NJ | $30,200 |
| 2019-12 | Santander Bank, National Association | Pre*****LLC | HAMMONTON, NJ | $124,400 |
| 2019-10 | Manufacturers and Traders Trust Company | Jet*****nc. | HAWTHORNE, NJ | $464,500 |
| 2019-10 | Live Oak Banking Company | Inf*****Inc | KEARNY, NJ | $2,000,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet