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Limited-Service Restaurants: SBA acquisition loans in New Jersey
22 SBA-financed business acquisitions in New Jersey classified as Limited-Service Restaurants, FY2024–FY2026. Median loan $550K. See which lenders did them.
- Acquisitions financed
- 22
- Total approved
- $14.4M
- Median loan
- $550K
- Middle half of loans
- $358K to $850K
- Median starting rate
- 9.87%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 18% | $325K | $1.4M |
| 2 | The Bancorp Bank National Association | 3 | 14% | $797K | $2.0M |
| 3 | Newtek Bank, National Association | 3 | 14% | $350K | $1.3M |
| 4 | Provident Bank | 2 | 9% | $998K | $2.0M |
| 5 | Fulton Bank, National Association | 2 | 9% | $456K | $913K |
| 6 | Port 51 Lending LLC | 1 | 5% | $1.6M | $1.6M |
| 7 | First Commerce Bank | 1 | 5% | $1.4M | $1.4M |
| 8 | Hanover Community Bank | 1 | 5% | $991K | $991K |
| 9 | Beacon Bank and Trust | 1 | 5% | $868K | $868K |
| 10 | Commercial Bank of California | 1 | 5% | $710K | $710K |
| 11 | First Western SBLC, LLC d/b/a Peachtree Group | 1 | 5% | $690K | $690K |
| 12 | Gulf Coast Bank and Trust Company | 1 | 5% | $380K | $380K |
| 13 | Haddon Savings Bank | 1 | 5% | $103K | $103K |
For comparison, the same industry nationwide: 826 loans, median $414K, median starting rate 9.50%. See Limited-Service Restaurants in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.