OceanFirst Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by OceanFirst Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445299 | All Other Specialty Food Stores | 8 | $6.4M | $805K | 50.0% |
| 711120 | Dance Companies | 8 | $12.4M | $1.6M | 50.0% |
Geographic Distribution
SBA lending activity for OceanFirst Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 16 | $18.8M | 100.0% |
Why Choose OceanFirst Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $18.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Food Stores, Dance Companies
- ✓Competitive Terms: Average interest rate of 6.88% with flexible term lengths averaging 308 months
- ✓Loan Range: Loan sizes from $805K to $1.6M, with an average of $1.2M
- ✓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 OceanFirst Bank, National Association SBA lending
What types of businesses does OceanFirst Bank, National Association typically finance?
OceanFirst Bank, National Association specializes in SBA 7(a) lending to specific industries including all other specialty food stores, dance companies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are OceanFirst Bank, National Association's typical SBA loan terms?
OceanFirst Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 6.88% and average term length of 308 months (approximately 26 years). Loan sizes range from $805K to $1.6M, with an average loan size of $1.2M.
Do I need a business valuation for a OceanFirst Bank, National Association SBA loan?
Yes, OceanFirst Bank, National Association 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 OceanFirst Bank, National Association compare to other SBA lenders?
OceanFirst Bank, National Association has originated 16 SBA loans totaling $18.8M since 2020. 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 OceanFirst Bank, National Association lend in?
OceanFirst Bank, National Association 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.