Fulton Bank of New Jersey
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fulton Bank of New Jersey · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 2 | $235K | $117K | 8.7% |
| 561730 | Landscaping Services | 2 | $186K | $93K | 8.7% |
| 621210 | Offices of Dentists | 1 | $150K | $150K | 4.3% |
| 332312 | Fabricated Structural Metal Manufacturing | 1 | $130K | $130K | 4.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $50K | $50K | 4.3% |
| 531311 | Residential Property Managers | 1 | $75K | $75K | 4.3% |
| 811111 | General Automotive Repair | 1 | $150K | $150K | 4.3% |
| 531210 | Offices of Real Estate Agents and Brokers | 1 | $150K | $150K | 4.3% |
| 811192 | Car Washes | 1 | $100K | $100K | 4.3% |
Geographic Distribution
SBA lending activity for Fulton Bank of New Jersey by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 23 | $3.2M | 100.0% |
Why Choose Fulton Bank of New Jersey?
Based on SBA 7(a) lending track record from 1994-2003
- ✓Proven Track Record: 23 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Landscaping Services, Offices of Dentists
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $37K to $565K, with an average of $141K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NJ
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Fulton Bank of New Jersey SBA lending
What types of businesses does Fulton Bank of New Jersey typically finance?
Fulton Bank of New Jersey specializes in SBA 7(a) lending to specific industries including beauty salons, landscaping services, offices of dentists, fabricated structural metal manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fulton Bank of New Jersey's typical SBA loan terms?
Fulton Bank of New Jersey's SBA 7(a) loans typically feature an average interest rate of — and average term length of 119 months (approximately 10 years). Loan sizes range from $37K to $565K, with an average loan size of $141K.
Do I need a business valuation for a Fulton Bank of New Jersey SBA loan?
Yes, Fulton Bank of New Jersey typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Fulton Bank of New Jersey compare to other SBA lenders?
Fulton Bank of New Jersey has originated 23 SBA loans totaling $3.2M since 1994. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Fulton Bank of New Jersey lend in?
Fulton Bank of New Jersey provides SBA 7(a) financing with particularly strong presence in NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
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