Find the best business loan rates (2021)


New Jersey Business Loans

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  • Get funds as fast as 24 hours
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By Erin Ryan Social Community Manager, Senior Writer and Editor at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Coins stacked on table with blue arrow pointing up
    Loan Amount Up to $500,000
  • Calendar image appearing as though the page is being flipped
    Estimated Repayment Terms 1-5 Years
  • Speedometer icon
    Interest Rate Starting at 7%
  • Dollar sign in circle
    Speed of Funding As fast as 1 day

Running a business in the Garden State isn’t all roses. 

Sometimes the path to success can be a bit thorny. It can be challenging — and costly — to compete in your niche and stay top of mind with customers.

When you find yourself in need of capital to grow your company, consider how a New Jersey business loan could help.

New Jersey’s Small Business Landscape

New Jersey is home to about 884,000 small businesses, which employ 1.8 million workers, according to the Small Business Administration (SBA). 

Some of the industries contributing the most to small business employment in the state include the following:

  • Health care and social assistance
  • Accommodation and food services
  • Professional, scientific and technical services
  • Retail trade
  • Wholesale trade
  • Construction
  • Manufacturing

5 Banks for New Jersey Business Loans

1. Investors Bank

If you’re in search of business financing in New Jersey, consider this bank, which was ranked No. 54 on Forbes’ list of America’s Best Banks and earned a 4.5-star rating on WalletHub.

Up to 10-year business term loans are available with funding up to $1 million. Additional options include commercial real estate loans, equipment financing and owner-occupied mortgages.

2. Provident Bank

Seeking an SBA lender in New Jersey? Head to Provident Bank, which also made Forbes’ list and has earned a 4.2-star rating on Bankrate. In addition to SBA loans, conventional business loans are available up to $250,000 and lines of credit up to $150,000.

Additional financing options include the following:

  • Business credit cards
  • Commercial real estate loans
  • Construction loans
  • Letters of credit
  • Health-care services lending

3. Manasquan Bank

This bank, which has 17 branches in the state, made WalletHub’s 2021 Best Bank in New Jersey list and earned a 4.8-star rating from reviewers on the site. Financing options include commercial real estate loans, lines of credit and term loans.

4. Unity Bank

Unity Bank, which has been in operation for more than 3 decades, is another institution that’s A+ rated with the BBB. It’s also earned a 4.7-star rating on WalletHub and made the site’s 2021 Best Bank in New Jersey list.

The following loans are available here:

  • SBA 7(a) and 504 loans
  • Business credit cards
  • Commercial term loans
  • Commercial lines of credit 
  • Letters of credit
  • Construction loans
  • Commercial mortgages

5. Citizens Bank

Citizens Bank, sponsor of the Phillies’ baseball stadium, is another SBA lender in New Jersey. It’s A+ rated with the BBB and earned 4.1-star rating on WalletHub

In addition to SBA loans, you’ll find the following types of financing:

  • Business credit cards
  • Business lines of credit
  • Equipment loans
  • Business term loans
  • Business mortgages

Alternative Financing Options in New Jersey

Conventional lenders, such as the banks mentioned, are often the first place entrepreneurs think to turn when they’re in need of funds to support their business. However, they often find they don’t meet the minimum requirements to qualify for a loan. Those who are able to meet the bank’s minimum qualifications may find the process to get approved and funded can take some time. 

If you’ve been turned down for a conventional bank loan or need funds fast, consider an alternative lender. In addition to SBA loans, alternative lenders can provide merchant cash advances for New Jersey business owners or other short-term financing options. Alternative funding turnaround times could be as fast as 1 day from approval.

  • Applying for Business Financing in New Jersey Through Fast Capital 360

    Through us, you’ll find small business loan rates in New Jersey starting at 7% for term loans and 6.25% for SBA loans. If you’re in search of a New Jersey merchant cash advance, you’ll find factor rates starting at 1.10.

    Here are the benefits of working with us:


    Just a few minutes is all it takes to complete your online application. 

    Multiple Offers

    We partner with lenders throughout the country. That means your single application could return multiple offers. 

    Expert Guidance

    A Fast Capital 360 Business Advisor will review your funding offers with you and answer any questions you have, so you can make the best decision for your company.

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Additional Resources for New Jersey Entrepreneurs

Here are a few organizations in the state for entrepreneurs seeking financial assistance, training, mentoring and more.

New Jersey Economic Development Authority

If you’re in search of a state of New Jersey small business loan, look to this independent government agency. The organization’s Small Business Fund allows up to $500,000 in funding to creditworthy small businesses in the state that haven’t been able to get bank loan. Applicants must have at least 1 year in business, and funds can be used for working capital or fixed assets.

Small Business Development Center

The New Jersey Small Business Development Center Network offers free or low-cost training workshops and business counseling. Entrepreneurs can also take advantage of the organization’s online education center, which offers resources on a variety of business topics, such as the following: 

  • Taxes
  • Business credit
  • Social media marketing
  • Business grants
  • Procurement best practices
  • Business planning

New Jersey Business Action Center

Tap into this organization for free and confidential professional networking services. Make business contacts or get assistance securing meetings and communicating with government agencies and officials. Help following up with regulatory agencies is available as well.

One application. Multiple loan offers.

Quickly compare loan offers from multiple lenders without impacting your credit score.

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