New York SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in New York
Since FY2020, 279 lenders have funded 22,032 SBA loans worth $9.2B for businesses in New York. Borrowers reported 172,754 jobs supported by those loans. Below is who actually writes them, how big they run, and which New York businesses get funded.
Most active SBA lenders in New York
Ranked by loans funded for New York projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in New York beats a local name that rarely writes SBA loans.
| Lender | Program | NY loans since FY2020 | Since FY2025 | Median loan | Median rate |
|---|---|---|---|---|---|
| TD Bank, National Association | 7(a) | 3,908 | 930 | $50K | 11% |
| Manufacturers and Traders Trust Company | 7(a) | 3,568 | 1,242 | $50K | 10% |
| JPMorgan Chase Bank, National Association | 7(a) | 1,403 | 393 | $152K | 10.95% |
| Empire State Certified Development Corporation | 504 (CDC) | 1,118 | 253 | $629K | n/a |
| KeyBank National Association | 7(a) | 816 | 191 | $50K | 9.99% |
| BayFirst National Bank | 7(a) | 769 | 159 | $150K | 12.25% |
| Readycap Lending, LLC | 7(a) | 738 | 338 | $336K | 11.25% |
| Newtek Bank, National Association | 7(a) | 550 | 328 | $200K | 11.25% |
| The Huntington National Bank | 7(a) | 471 | 154 | $320K | 10.25% |
| Northeast Bank | 7(a) | 422 | 269 | $120K | 10.75% |
| Five Star Bank | 7(a) | 404 | 105 | $50K | 9.25% |
| ESL FCU | 7(a) | 384 | 142 | $60K | 8.49% |
| Live Oak Banking Company | 7(a) | 351 | 153 | $670K | 8.75% |
| Lendistry SBLC, LLC | 7(a) | 338 | 241 | $150K | 12.25% |
| FinWise Bank | 7(a) | 329 | 69 | $700K | 9% |
| Celtic Bank Corporation | 7(a) | 284 | 145 | $150K | 10.25% |
| Webster Bank National Association | 7(a) | 247 | 99 | $250K | 9.5% |
| Newtek Small Business Finance, Inc. | 7(a) | 190 | 0 | $323K | 6% |
| Trenton Business Assistance Corporation | 504 (CDC) | 189 | 64 | $1.3M | n/a |
| NBT Bank, National Association | 7(a) | 179 | 31 | $205K | 6.5% |
| Genesee Regional Bank | 7(a) | 177 | 35 | $216K | 6% |
| Bank of America, National Association | 7(a) | 170 | 40 | $391K | 6.49% |
| Tompkins Community Bank | 7(a) | 169 | 42 | $100K | 7.5% |
| Wells Fargo Bank National Association | 7(a) | 165 | 36 | $312K | 7.9% |
| Dime Commercial Bank | 7(a) | 160 | 8 | $510K | 7.5% |
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big New York SBA loans run
Share of New York 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | NY | US |
|---|---|---|
| Under $150K | 51.5% | 40.4% |
| $150K to $500K | 30.7% | 31.9% |
| $500K to $1M | 8.7% | 12.9% |
| $1M and up | 9.1% | 14.9% |
Who gets funded in New York
Business age on New York 7(a) loans. 5.4% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | NY | US |
|---|---|---|
| Established, more than 2 years | 68.2% | 55.2% |
| New, 2 years or less | 16% | 16.9% |
| Startup, loan opens the business | 10.4% | 16.8% |
| Change of ownership (buying a business) | 5.4% | 11.1% |
Industries New York SBA lenders fund most
Share of all New York SBA loans by industry, and how that compares with the national mix.
| Industry | NY loans | Share | Compared with US |
|---|---|---|---|
| Retail | 3,308 | 15% | 1.2x the national share |
| Construction | 2,960 | 13.4% | in line with national |
| Professional services | 2,641 | 12% | 1.3x the national share |
| Restaurants and hotels | 2,450 | 11.1% | in line with national |
| Personal and repair services | 1,934 | 8.8% | in line with national |
| Healthcare | 1,559 | 7.1% | 0.7x the national share |
| Wholesale trade | 1,529 | 6.9% | 1.6x the national share |
| Manufacturing | 1,188 | 5.4% | 0.8x the national share |
The most common specific business types funded in New York: full-service restaurants (1,060), residential remodelers (613), limited-service restaurants (586), plumbing, heating, and air-conditioning contractors (374), all other specialty trade contractors (343), fitness and recreational sports centers (335).
Where in New York the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Kings | 3,065 | 14% |
| Suffolk | 2,259 | 10% |
| New York | 2,191 | 10% |
| Nassau | 1,796 | 8% |
| Queens | 1,759 | 8% |
| Erie | 1,171 | 5% |
| Monroe | 1,152 | 5% |
| Rockland | 1,131 | 5% |
7(a) or 504 in New York
6% of New York SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $686K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in New York:
- Empire State Certified Development Corporation: 1,113 504 loans, median $635K
- Trenton Business Assistance Corporation: 180 504 loans, median $1.3M
- Monroe County Industrial Development Corporation: 47 504 loans, median $421K
- Business Initiative Corporation of New York: 39 504 loans, median $885K
- Greater Syracuse Business Development Corporation: 28 504 loans, median $268K
New York SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 1,785 | 167 | $854M |
| FY2021 | 2,066 | 255 | $1.5B |
| FY2022 | 2,365 | 296 | $1.3B |
| FY2023 | 3,660 | 166 | $1.3B |
| FY2024 | 4,219 | 186 | $1.5B |
| FY2025 | 4,257 | 203 | $1.7B |
| FY2026 (through June 30, 2026) | 2,267 | 140 | $1.1B |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in New York?
By funded loans since FY2020, TD Bank, National Association leads New York with 3,908 loans.
How big is a typical SBA loan in New York?
The median 7(a) loan in New York is $125K, and the middle half runs from $50K to $340K. The median 504 loan is $686K. Nationally the 7(a) median is $200K.
What interest rate do New York SBA borrowers get?
The median starting rate on New York 7(a) loans since FY2020 is 10%, against 9.25% nationally. 89% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in New York?
Yes. 26% of New York 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in New York. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.