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County15th of 62 in New York by approvalsFIPS 36001
SBA loans in Albany County, New York
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Albany County, New York, received 270 SBA loan approvals worth $153M in FY2021 to FY2025 (232 7(a), 38 504).
That is 28.5 approvals per 1,000 business establishments (9,465 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 15th of 62 New York counties with approvals. In FY2025 there were 67, up 16% on FY2024.
43 lenders had approvals here; the most active were Empire State Certified Development Corporation (38), KeyBank National Association (35) and Manufacturers and Traders Trust Company (31). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Albany County
By number of approvals to businesses in the county, FY2021–FY2025; 43 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Empire State Certified Development CorporationLatham, NY · CDC | 38 | $27.6M | 14.1% | |
| 2 | KeyBank National AssociationCleveland, OH | 35 | $6.5M | 13.0% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 31 | $1.9M | 11.5% | |
| 4 | Beacon Bank and TrustBrookline, MA | 20 | $26.7M | 7.4% | |
| 5 | TD Bank, National AssociationWilmington, DE | 16 | $1.3M | 5.9% | |
| 6 | Chemung Canal Trust CompanyElmira, NY | 14 | $2.2M | 5.2% | |
| 7 | New York Business Development CorporationLatham, NY | 10 | $5.8M | 3.7% | |
| 8 | NBT Bank, National AssociationNorwich, NY | 10 | $3.3M | 3.7% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 8 | $16.7M | 3.0% | |
| 10 | The Huntington National BankColumbus, OH | 8 | $2.6M | 3.0% | |
| 11 | Northeast BankLewiston, ME | 7 | $1.3M | 2.6% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 6 | $1.1M | 2.2% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 6 | $1.0M | 2.2% | |
| 14 | NYBDC Local Development Corporation dba Pursuit Community FinanceLatham, NY | 6 | $1.0M | 2.2% | |
| 15 | Arrow Bank National AssociationGlens Falls, NY | 6 | $460K | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 38 | 14.1% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 16 | 5.9% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 4.1% | |
| 4 | Computer Systems Design and Related ServicesNAICS 5415 | 11 | 4.1% | |
| 5 | Personal Care ServicesNAICS 8121 | 11 | 4.1% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 9 | 3.3% | |
| 7 | Traveler AccommodationNAICS 7211 | 7 | 2.6% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 2.6% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 7 | 2.6% | |
| 10 | Legal ServicesNAICS 5411 | 7 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 49 | 18.1% | |
| 2 | Retail Trade | 36 | 13.3% | |
| 3 | Professional, Scientific, and Technical Services | 36 | 13.3% | |
| 4 | Health Care and Social Assistance | 23 | 8.5% | |
| 5 | Other Services (except Public Administration) | 19 | 7.0% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 18 | 6.7% | |
| 7 | Construction | 14 | 5.2% | |
| 8 | Arts, Entertainment, and Recreation | 13 | 4.8% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 43 | $26.3M | $105K | 4 | $10.4M | 47 | 482 |
| FY2025 | 56 | $23.7M | $148K | 11 | $9.1M | 67 | 543 |
| FY2024 | 50 | $16.2M | $150K | 8 | $6.9M | 58 | 469 |
| FY2023 | 54 | $31.8M | $117K | 3 | $3.5M | 57 | 406 |
| FY2022 | 36 | $18.8M | $150K | 5 | $1.7M | 41 | 325 |
| FY2021 | 36 | $35.0M | $510K | 11 | $6.5M | 47 | 542 |
| FY2020 | 31 | $21.8M | $350K | 8 | $3.6M | 39 | 433 |
| FY2019 | 41 | $14.3M | $150K | 4 | $1.7M | 45 | 490 |
| FY2018 | 75 | $21.0M | $100K | 4 | $3.4M | 79 | 615 |
| FY2017 | 90 | $20.8M | $100K | 4 | $2.1M | 94 | 731 |
| FY2016 | 102 | $17.3M | $83K | 5 | $3.5M | 107 | 637 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 364 approvals.
Against New York and the country
| FY2021–FY2025 | Albany County | New York | United States |
|---|---|---|---|
| Approvals | 270 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 28.5 | 38.1 | 41.0 |
| Median 7(a) approval | $150K | $130K | $190K |
| Median 504 approval | $331K | $685K | $657K |
| Average approval | $567K | $414K | $573K |
| 504 share of approvals | 14.1% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 8.5 | 8.0 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less22.6%61
- $50,001 to $150,00026.7%72
- $150,001 to $350,00017.0%46
- $350,001 to $1 million18.1%49
- $1 million to $2 million8.1%22
- Over $2 million7.4%20
Age of the businesses
- Existing, more than 2 years old55.2%149
- New business, 2 years or less20.0%54
- Startup, loan funds will open the business13.0%35
- Change of ownership11.5%31
- Not answered0.4%1
Questions and answers
Which lenders make the most SBA loans in Albany County?
By approvals in FY2021 to FY2025: Empire State Certified Development Corporation (38), KeyBank National Association (35), Manufacturers and Traders Trust Company (31), Beacon Bank and Trust (20), TD Bank, National Association (16). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Albany County?
The median 7(a) approval was $150K and the median 504 approval $331K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Albany County?
Restaurants and Other Eating Places (38); Services to Buildings and Dwellings (16); Other Amusement and Recreation Industries (11); Computer Systems Design and Related Services (11); Personal Care Services (11).
Is SBA lending in Albany County rising?
Approvals in the three latest complete fiscal years total 182, against 127 in the three before: rising (+43%).
How does Albany County compare with the rest of New York?
28.5 approvals per 1,000 establishments against 38.1 statewide, and 270 of the state's 20,639 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error