Best Business Loans in New Jersey

Term loans, SBA-backed loans, lines of credit, and equipment financing for small and medium businesses. In New Jersey, personal loans are capped at 30% APR for licensed consumer lenders, overseen by the New Jersey Department of Banking and Insurance.

New Jersey Lending Overview

Personal Loan APR cap

30%

Median Home Price

$540,000

Median Household Income

$96,000

Avg Student Debt

$37,287

State Regulator

New Jersey Department of Banking and Insurance

Notable law: New Jersey bans payday lending outright under the Consumer Finance Licensing Act and caps consumer loan interest at 30% APR, enforced by the Division of Consumer Affairs.

8 Business Loans Lenders serving New Jersey

Best Egg

Business Loans

4.1

APR Range: 7.99% – 29.99%
Loan Amount: $2,000 – $50,000
Min Credit Score: 660

Available to residents of New Jersey

Apply at Best Egg

Better Mortgage

Business Loans

4.0

APR Range: 6.30% – 7.50%
Loan Amount: $50,000 – $2,000,000
Min Credit Score: 620

Available to residents of New Jersey

Apply at Better Mortgage

Bluevine

Business Loans

3.9

APR Range: 4.80% – 95.00%
Loan Amount: $1,000 – $500,000
Min Credit Score: 620

Available to residents of New Jersey

Apply at Bluevine

Capital One Auto

Business Loans

4.1

APR Range: 5.09% – 19.99%
Loan Amount: $4,000 – $250,000
Min Credit Score: 600

Available to residents of New Jersey

Apply at Capital One Auto

Earnest

Business Loans

4.2

APR Range: 3.95% – 9.99%
Loan Amount: $5,000 – $500,000
Min Credit Score: 670

Available to residents of New Jersey

Apply at Earnest

LightStream

Business Loans

4.3

APR Range: 6.49% – 24.89%
Loan Amount: $5,000 – $100,000
Min Credit Score: 700

Available to residents of New Jersey

Apply at LightStream

LightStream Auto

Business Loans

4.2

APR Range: 6.49% – 20.49%
Loan Amount: $5,000 – $100,000
Min Credit Score: 700

Available to residents of New Jersey

Apply at LightStream Auto

OnDeck

Business Loans

3.5

APR Range: 10.99% – 99.00%
Loan Amount: $5,000 – $400,000
Min Credit Score: 625

Available to residents of New Jersey

Apply at OnDeck

New Jersey Lending Laws

New Jersey bans payday lending outright under the Consumer Finance Licensing Act and caps consumer loan interest at 30% APR, enforced by the Division of Consumer Affairs.

The primary regulator for consumer lending in New Jersey is the New Jersey Department of Banking and Insurance. Borrowers with complaints about a lender can file reports directly with that agency or with the federal Consumer Financial Protection Bureau (CFPB).

Frequently Asked Questions

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