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.
- SBA data for this industry goes through 2025-02-27 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
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 |
|---|---|---|---|---|
| 2025-09 | GBank | SHR*****LLC | WHIPPANY, NJ | $5,000,000 |
| 2025-06 | Magyar Bank | San*****LLC | BELLMAWR, NJ | $1,800,000 |
| 2025-02 | GBank | Jay*****ion | Flemington, NJ | $5,000,000 |
| 2025-02 | JPMorgan Chase Bank, National Association | CER*****LLC | JERSEY CITY, NJ | $100,000 |
| 2024-12 | GBank | MIT*****LLC | Dover, NJ | $5,000,000 |
| 2024-08 | Trenton Business Assistance Corporation | Shr*****.C. | Morris Plains, NJ | $25,000 |
| 2024-05 | Wilmington Savings Fund Society FSB | WOO*****LLC | WOODSTOWN, NJ | $1,065,000 |
| 2024-03 | Brookline Bank, a Division of Beacon Bank and Trust | PH**LLC | OCEAN GROVE, NJ | $1,925,000 |
| 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 |
| 2024-03 | Manufacturers and Traders Trust Company | Pen*****LLC | WESTVILLE, NJ | $544,500 |
| 2024-02 | Cadence Bank | Hud*****LLC | HOBOKEN, NJ | $350,000 |
| 2024-02 | Manasquan Bank | 34 *****LLC | Ocean Grove, NJ | $5,000,000 |
| 2023-09 | Meridian Bank | Bea*****tel | WILDWOOD, NJ | $3,850,000 |
| 2023-09 | Unity Bank | Ram*****LLC | SEASIDE HEIGHTS, NJ | $1,400,000 |
| 2023-05 | Hanover Community Bank | A &*****LLC | RAHWAY, NJ | $5,000,000 |
| 2023-05 | Manufacturers and Traders Trust Company | Vib*****LLC | WAYNE, NJ | $25,000 |
| 2023-04 | Fulton Bank, National Association | Shr*****LLC | Gloucester City, NJ | $3,600,000 |
| 2023-04 | Manufacturers and Traders Trust Company | Cas*****Inn | AVON BY THE SEA, NJ | $57,000 |
| 2023-04 | Celtic Bank Corporation | MAN*****TEL | Wildwood, NJ | $1,983,000 |
| 2023-04 | Celtic Bank Corporation | DAS*****.C. | SOMERSET, NJ | $5,000,000 |
| 2023-03 | Quaint Oak Bank | 200*****LLC | Wildwood, NJ | $2,121,000 |
| 2023-03 | Wilmington Savings Fund Society FSB | BEA*****LLC | WILDWOOD, NJ | $2,650,000 |
| 2022-10 | Northfield Bank | Sat*****LLC | Atlantic City, NJ | $600,000 |
| 2022-10 | The MINT National Bank | Gop*****LLC | Galloway, NJ | $675,000 |
| 2022-09 | Unity Bank | PUR*****INC | BEACH HAVEN, NJ | $1,960,000 |
| 2022-08 | TD Bank, National Association | Mon*****ion | MONMOUTH JUNCTION, NJ | $50,000 |
| 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 | $60,000 |
| 2022-07 | Hanover Community Bank | Par*****LLC | ABSECON, NJ | $500,000 |
| 2022-06 | Provident Bank | W -*****ION | WILDWOOD, NJ | $771,400 |
| 2022-04 | Brookline Bank, a Division of Beacon Bank and Trust | HAL*****LLC | STANHOPE, NJ | $850,000 |
| 2022-04 | The MINT National Bank | Gop*****LLC | GALLOWAY, NJ | $816,000 |
| 2022-01 | 1st Colonial Community Bank | 490*****LLC | WILDWOOD, NJ | $532,000 |
| 2022-01 | 1st Colonial Community Bank | 501*****LLC | WILDWOOD, NJ | $594,500 |
| 2021-09 | Hanover Community Bank | She*****LLC | West Deptford, NJ | $1,025,000 |
| 2021-09 | Hanover Community Bank | Jai*****LLC | Cherry Hill, NJ | $1,075,000 |
| 2021-08 | Magyar Bank | SNS*****LLC | BELLMAWR, NJ | $1,800,000 |
| 2021-07 | Unity Bank | New*****LLC | Wildwood, NJ | $2,285,000 |
| 2021-07 | Readycap Lending, LLC | Da***Inn | Cherry Hill, NJ | $3,464,000 |
| 2021-06 | Peapack Private Bank and Trust | Mah*****Inc | VOORHEES, NJ | $4,200,000 |
| 2021-03 | Brookline Bank, a Division of Beacon Bank and Trust | Boa*****LLC | Bay Head, NJ | $1,765,000 |
| 2021-03 | Haddon Savings Bank | QVC****LLC | Cape May, NJ | $5,000,000 |
| 2021-03 | Hanover Community Bank | Shi*****LLC | VINELAND, NJ | $3,080,000 |
| 2021-02 | Peapack Private Bank and Trust | Jai*****Inc | MOUNT LAUREL, NJ | $3,800,000 |
| 2021-02 | Cadence Bank | RMD*****INC | MOUNT LAUREL, NJ | $4,607,500 |
| 2020-12 | Unity Bank | BRO*****LLC | GALLOWAY, NJ | $2,151,000 |
| 2020-12 | IncredibleBank | CS *****LLC | GALLOWAY, NJ | $3,253,000 |
| 2020-11 | Peapack Private Bank and Trust | Pal*****LLC | PLEASANTVILLE, NJ | $1,150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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