Cross River Bank
Headquartered in Fort Lee, NJ. Analysis based on 121 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $175.7M.
Total 7(a) loans
121
Total approved
$175.7M
Average loan
$1.5M
States funded in
11
Charge-off rate
1.05%
FY2020–FY2023 cohort
Paid-in-full rate
28.42%
Average rate
7.51%
Average term
172 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 454390 | Other Direct Selling Establishments | 7 |
| 423390 | Other Construction Material Merchant Wholesalers | 7 |
| 454110 | Electronic Shopping and Mail-Order Houses | 6 |
| 541410 | Interior Design Services | 4 |
| 812210 | Funeral Homes and Funeral Services | 4 |
| 238990 | All Other Specialty Trade Contractors | 4 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 4 |
| 423940 | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler | 4 |
| 541519 | Other Computer Related Services | 3 |
| 237310 | Highway, Street, and Bridge Construction | 3 |
Top 10 states
| State | Loans |
|---|---|
| NY | 61 |
| NJ | 34 |
| FL | 13 |
| NC | 3 |
| MI | 2 |
| WA | 2 |
| CA | 2 |
| CT | 1 |
| TX | 1 |
| SC | 1 |
Top franchise brands financed
2 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| The Grounds Guys | 1 |
| Liberty Tax Service | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.