PNC Bank, National Association SALAD WORKS SBA Loans in New Jersey — 14 Funded
New Jersey loan data 2003–2007 · Updated May 2026
PNC Bank, National Association has funded 14 SBA loans to SALAD WORKS franchisees in New Jersey, totaling $5.0M in approved financing across 13 cities and 8 congressional districts.
The average SALAD WORKS loan in New Jersey from PNC Bank, National Association is $355K, with terms averaging 88 months. The New Jersey default rate is 53.8% based on 13 resolved loans — 12.4 points higher than PNC Bank, National Association's national SALAD WORKS default rate of 41.4%. New Jersey represents 42.4% of PNC Bank, National Association's total SALAD WORKS lending nationally. These loans collectively support 309 New Jersey jobs. SBA-guaranteed portion totals $3.7M (71.4% of approved volume).
How New Jersey Compares to PNC Bank, National Association's National SALAD WORKS Lending
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PNC Bank, National Association is one of 5+ lenders who have funded SALAD WORKS in New Jersey. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
PNC Bank, National Association SALAD WORKS Loan Performance in New Jersey
Based on 14 SBA loans originated by PNC Bank, National Association for SALAD WORKS franchisees with New Jersey addresses, the New Jersey-specific lending relationship spans 2003–2007. Of 13 resolved New Jersey loans, 6 were paid in full and 7 resulted in chargeoffs.
The New Jersey loan size range extends from $10K to $510K, indicating PNC Bank, National Association funds both smaller single-unit SALAD WORKS operations and larger multi-unit or renovation projects in New Jersey. Each loan supports an average of 22 jobs in the local economy, and the portfolio collectively supports 309 New Jersey jobs. Most New Jersey SALAD WORKS loans from PNC Bank, National Association are classified under "Limited-Service Restaurants" (NAICS).
Recent activity: PNC Bank, National Association has originated 0 SALAD WORKS New Jersey loans in the last 2 fiscal years. The most recent SALAD WORKS New Jersey approval recorded is from FY2008. Note: lack of recent activity may indicate PNC Bank, National Association has paused, slowed, or exited SALAD WORKS New Jersey lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of PNC Bank, National Association's SALAD WORKS New Jersey loans averages 71.4% of approved volume, totaling $3.7M in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 53.8% New Jersey default rate is above the SBA portfolio average. This may reflect local market conditions, the specific New Jersey cities funded, or the economic cycle when these loans originated. Prospective borrowers should compare this to other New Jersey lenders who have funded SALAD WORKS (shown below) and consider multiple options before committing.
SBA Programs Used for SALAD WORKS Loans in New Jersey
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 14 | $355K | N/A | 88 mo |
SALAD WORKS Loan Size Distribution from PNC Bank, National Association in New Jersey
How PNC Bank, National Association's SALAD WORKS New Jersey loan sizes break down by deal size. Useful for sizing your own deal: where do most New Jersey SALAD WORKS approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of New Jersey Loans |
|---|---|---|---|
| Under $150K | 2 | $30K | 14% |
| $150K-$350K | 1 | $306K | 7% |
| $350K-$750K | 11 | $418K | 79% |
How PNC Bank, National Association Originates SALAD WORKS Loans in New Jersey
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. PNC Bank, National Association uses 3 different New Jersey delivery methods for SALAD WORKS:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Preferred Lenders Program | 11 | $407K |
| SBA Express Program | 2 | $30K |
| International Trade Loans | 1 | $429K |
Where in New Jersey PNC Bank, National Association Funds SALAD WORKS Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Delran | 2 | $225K | $450K | 100% — High Risk |
| Sewell | 1 | $432K | $432K | 100% — High Risk |
| Marlton | 1 | $510K | $510K | 0% — Low Risk |
| Egg Harbor Township | 1 | $10K | $10K | N/A |
| Jersey City | 1 | $355K | $355K | 0% — Low Risk |
| Wayne | 1 | $446K | $446K | 0% — Low Risk |
| Toms River | 1 | $389K | $389K | 0% — Low Risk |
| Egg Harbor City | 1 | $367K | $367K | 100% — High Risk |
| Rockaway | 1 | $306K | $306K | 100% — High Risk |
| Garwood | 1 | $350K | $350K | 0% — Low Risk |
| Marlboro | 1 | $425K | $425K | 100% — High Risk |
| East Rutherford | 1 | $429K | $429K | 0% — Low Risk |
| Deptford | 1 | $500K | $500K | 100% — High Risk |
PNC Bank, National Association's strongest SALAD WORKS lending presence in New Jersey is concentrated in Delran (2 loans), Sewell (1 loans), Marlton (1 loans).
PNC Bank, National Association SALAD WORKS Lending in New Jersey Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2008 | 1 | $306K | $306K | — |
| 2007 | 4 | $299K | $1.2M | — |
| 2006 | 1 | $432K | $432K | — |
| 2005 | 4 | $358K | $1.4M | — |
| 2004 | 4 | $401K | $1.6M | — |
Other Lenders That Fund SALAD WORKS in New Jersey
PNC Bank, National Association is not the only lender funding SALAD WORKS in New Jersey. Compare 4 other banks who have originated SALAD WORKS SBA loans to New Jersey borrowers.
| Lender | New Jersey Loans | Avg Size | Default Rate |
|---|---|---|---|
| PNC Bank, National Association (this page) | 14 | $355K | 53.8% — High Risk |
| TD Bank, National Association | 8 | $312K | 20% — High Risk |
| Wilmington Savings Fund Society FSB | 7 | $502K | 33.3% — High Risk |
| 1st Colonial Community Bank | 2 | $475K | 0% — Low Risk |
| Valley National Bank | 2 | $461K | 50% — High Risk |
Other Franchises PNC Bank, National Association Funds in New Jersey
PNC Bank, National Association is active in New Jersey franchise lending beyond SALAD WORKS. Other New Jersey franchise brands they have funded:
PNC Bank, National Association SALAD WORKS Lending in Other States
PNC Bank, National Association has also funded SALAD WORKS franchisees in 3 other states. View state-specific data:
How to Get an SBA Loan for a SALAD WORKS Franchise in New Jersey
If you're considering a SALAD WORKS franchise in New Jersey and want to finance through PNC Bank, National Association or another SBA lender, here's what you need to know based on our analysis of 14 historical New Jersey loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.SALAD WORKS's franchise fee and total investment determine minimum capital requirements.
Compare New Jersey Lenders
5 lenders have funded SALAD WORKS in New Jersey. Lenders with more local SALAD WORKS experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches New Jersey borrowers with lenders who have a proven track record funding SALAD WORKS in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on New Jersey historical data: The average SALAD WORKS SBA loan from PNC Bank, National Association in New Jersey is $355K with a 88-month term.New Jersey loan amounts range from $10K to $510K.
Ready to Fund Your SALAD WORKS Franchise in New Jersey?
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