Trenton Business Assistance Corporation

Princeton, NJ504 / CDC lenderTop sector: Full-Service Restaurants

Is this my lender?

Loans approved

1,216

FY2003–FY2026

Dollars approved

$1.2B

$628.9M since FY2021

Average loan

$1.0M

$1.3M recently

Charge-off rate

0.9%

by dollars · 1.8% by count

Approvals over time

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What they lend against

Full-Service Restaurants70 Child Care Services47 Hotels (except Casino Hotels) and Motels32 Offices of Physicians (except Mental Health Specialists)32 Other Miscellaneous Nondurable Goods Merchant Wholesalers28 Other Miscellaneous Durable Goods Merchant Wholesalers28

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

New Jersey985 · 81%New York185 · 15%Pennsylvania44 · 4%California1 · 0%Nevada1 · 0%

Share is of this lender’s entire book, so the 5 states shown need not sum to 100%. Together they account for 100% of its lending.

At a glance

Rank by recent volume#63 of 2321

First approvalFY2003

Latest approvalFY2026

States lent into5

What they charge

Typical pricingPrime + 2.00

Median rate 10.50%Fixed 2%41 loans

Median initial rate on this lender's 7(a) loans approved FY2024 onward, against a market median of Prime + 2.75. That is cheaper than the market typically prices. It is the rate at approval, not an offer, and says nothing about fees.

This covers only the 20% of this lender's book that is 7(a). Its 504 lending, the majority, carries no published rate.

Program mix

7(a) · 20% (244)504 · 80% (972)

Split by loan count.

7(a) $32.8M504 $1.2B

Loss rate in context

This lender0.9%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 1.8%; the two measures diverge when a book is weighted toward small loans.

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