SBA Loans for Hotels (except Casino Hotels) and Motels in New Jersey: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
20
in New Jersey
Median Loan Size
$810,700
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 20 approvals on record and a median loan size of $810,700.
Key trends & insights
- Hanover Community Bank leads this industry with 5 approvals (25% market share) and a median loan of $970,000.
- Hotels (except Casino Hotels) and Motels in New Jersey loans run larger than the SBA average — a $810,700 median vs. ~$450,000 across all industries. These businesses typically need more capital.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in New Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 5 | $970,000 | |
| 2 | 2 | $563,250 | |
| 3 | 2 | $3,491,500 | |
| 4 | 1 | $771,400 | |
| 5 | 1 | $5,000,000 | |
| 6 | 1 | $1,250,000 | |
| 7 | 1 | $25,000 | |
| 8 | 1 | $350,000 | |
| 9 | 1 | $5,000,000 | |
| 10 | 1 | $100,000 | |
| 11 | 1 | $300,000 | |
| 12 | 1 | $1,150,000 | |
| 13 | 1 | $25,000 | |
| 14 | 1 | $675,000 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | GBank | Jay*****ion | Flemington, NJ | $5,000,000 |
| 2025-02 | JPMorgan Chase Bank, National Association | CER*****LLC | JERSEY CITY, NJ | $100,000 |
| 2024-08 | Trenton Business Assistance Corporation | Shr*****.C. | Morris Plains, NJ | $25,000 |
| 2024-03 | Fulton Bank, National Association | Sar*****LLC | Mays Landing, NJ | $1,250,000 |
| 2024-03 | TD Bank, National Association | VIS*****LLC | BORDENTOWN, NJ | $25,000 |
| 2024-02 | Cadence Bank | Hud*****LLC | HOBOKEN, NJ | $350,000 |
| 2023-04 | Celtic Bank Corporation | MAN*****TEL | Wildwood, NJ | $1,983,000 |
| 2023-04 | Celtic Bank Corporation | DAS*****.C. | SOMERSET, NJ | $5,000,000 |
| 2022-10 | The MINT National Bank | Gop*****LLC | Galloway, NJ | $675,000 |
| 2022-08 | Hanover Community Bank | Mil*****LLC | MILLVILLE, NJ | $5,000,000 |
| 2022-08 | Hanover Community Bank | SAI*****Inc | ATCO, NJ | $1,603,000 |
| 2022-07 | Hanover Community Bank | Par*****LLC | ABSECON, NJ | $500,000 |
| 2022-07 | Hanover Community Bank | Par*****LLC | ABSECON, NJ | $60,000 |
| 2022-06 | Provident Bank | W -*****ION | WILDWOOD, NJ | $771,400 |
| 2022-04 | The MINT National Bank | Gop*****LLC | GALLOWAY, NJ | $816,000 |
| 2022-04 | Brookline Bank, a Division of Beacon Bank and Trust | HAL*****LLC | STANHOPE, NJ | $850,000 |
| 2022-01 | 1st Colonial Community Bank | 490*****LLC | WILDWOOD, NJ | $532,000 |
| 2022-01 | 1st Colonial Community Bank | 501*****LLC | WILDWOOD, NJ | $594,500 |
| 2021-03 | Haddon Savings Bank | QVC****LLC | Cape May, NJ | $5,000,000 |
| 2021-02 | Cadence Bank | RMD*****INC | MOUNT LAUREL, NJ | $4,607,500 |
| 2021-02 | Peapack Private Bank and Trust | Jai*****Inc | MOUNT LAUREL, NJ | $3,800,000 |
| 2020-11 | Peapack Private Bank and Trust | Pal*****LLC | PLEASANTVILLE, NJ | $1,150,000 |
| 2020-02 | Hanover Community Bank | 208*****llc | Absecon, NJ | $850,000 |
| 2020-02 | NewBank | DHA*****LLC | HOBOKEN, NJ | $300,000 |
| 2019-12 | Hanover Community Bank | PAR*****LLC | Atco, NJ | $600,000 |
| 2019-11 | Hanover Community Bank | Mar*****llc | NEPTUNE, NJ | $970,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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