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County44th of 62 in New York by approvalsFIPS 36011
SBA loans in Cayuga 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.
SBA approved 43 loans to businesses in Cayuga County, New York, in FY2021 to FY2025, worth $10.7M: 39 under 7(a) and 4 under 504.
That is 28.5 approvals per 1,000 business establishments (1,509 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 44th of 62 New York counties with approvals. In FY2025 there were 9, down 40% on FY2024.
15 lenders had approvals here; the most active were KeyBank National Association (10), Manufacturers and Traders Trust Company (10) and Five Star Bank (4). 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 Cayuga County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | KeyBank National AssociationCleveland, OH | 10 | $1.1M | 23.3% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 10 | $490K | 23.3% | |
| 3 | Five Star BankRochester, NY | 4 | $540K | 9.3% | |
| 4 | Empire State Certified Development CorporationLatham, NY · CDC | 3 | $975K | 7.0% | |
| 5 | Cayuga Lake National BankUnion Springs, NY | 3 | $638K | 7.0% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 4.7% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 4.7% | |
| 8 | Northeast BankLewiston, ME | 2 | — | 4.7% | |
| 9 | New Millennium BankFort Lee, NJ | 1 | — | 2.3% | |
| 10 | VelocitySBA, LLCIrving, TX | 1 | — | 2.3% | |
| 11 | Greater Syracuse Business Development CorporationSyracuse, NY · CDC | 1 | — | 2.3% | |
| 12 | The Huntington National BankColumbus, OH | 1 | — | 2.3% | |
| 13 | Tompkins Community BankIthaca, NY | 1 | — | 2.3% | |
| 14 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 2.3% | |
| 15 | TD Bank, National AssociationWilmington, DE | 1 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 18.6% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 7.0% | |
| 3 | Traveler AccommodationNAICS 7211 | 2 | 4.7% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.7% | |
| 5 | Residential Building ConstructionNAICS 2361 | 2 | 4.7% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 4.7% | |
| 7 | Personal and Household Goods Repair and MaintenanceNAICS 8114 | 2 | 4.7% | |
| 8 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 1 | 2.3% | |
| 9 | Couriers and Express Delivery ServicesNAICS 4921 | 1 | 2.3% | |
| 10 | Office Supplies, Stationery, and Gift RetailersNAICS 4594 | 1 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 27.9% | |
| 2 | Construction | 7 | 16.3% | |
| 3 | Other Services (except Public Administration) | 5 | 11.6% | |
| 4 | Retail Trade | 4 | 9.3% | |
| 5 | Transportation and Warehousing | 3 | 7.0% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 7.0% | |
| 7 | Finance and Insurance | 2 | 4.7% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 4.7% |
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* | 4 | $1.4M | $23K | 0 | — | 4 | 20 |
| FY2025 | 8 | $868K | $85K | 1 | — | 9 | 18 |
| FY2024 | 14 | $2.4M | $50K | 1 | — | 15 | 75 |
| FY2023 | 3 | $130K | $50K | 0 | — | 3 | 4 |
| FY2022 | 6 | $2.5M | $95K | 1 | — | 7 | 55 |
| FY2021 | 8 | $3.5M | $75K | 1 | — | 9 | 113 |
| FY2020 | 4 | $1.8M | $168K | 1 | — | 5 | 50 |
| FY2019 | 12 | $7.0M | $40K | 1 | — | 13 | 99 |
| FY2018 | 21 | $2.8M | $50K | 0 | — | 21 | 81 |
| FY2017 | 18 | $3.2M | $40K | 0 | — | 18 | 112 |
| FY2016 | 22 | $2.0M | $28K | 0 | — | 22 | 256 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 79 approvals.
Against New York and the country
| FY2021–FY2025 | Cayuga County | New York | United States |
|---|---|---|---|
| Approvals | 43 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 28.5 | 38.1 | 41.0 |
| Median 7(a) approval | $50K | $130K | $190K |
| Median 504 approval | $214K | $685K | $657K |
| Average approval | $248K | $414K | $573K |
| 504 share of approvals | 9.3% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 6.2 | 8.0 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less51.2%22
- $50,001 to $150,00018.6%8
- $150,001 to $350,00011.6%5
- $350,001 to $1 million9.3%4
- $1 million to $2 million9.3%4
Age of the businesses
- Existing, more than 2 years old41.9%18
- New business, 2 years or less32.6%14
- Startup, loan funds will open the business14.0%6
- Change of ownership11.6%5
Questions and answers
Which lenders make the most SBA loans in Cayuga County?
By approvals in FY2021 to FY2025: KeyBank National Association (10), Manufacturers and Traders Trust Company (10), Five Star Bank (4), Empire State Certified Development Corporation (3), Cayuga Lake National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cayuga County?
The median 7(a) approval was $50K and the median 504 approval $214K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Cayuga County?
Restaurants and Other Eating Places (8); Other Amusement and Recreation Industries (3); Traveler Accommodation (2); Other Specialty Trade Contractors (2); Residential Building Construction (2).
Is SBA lending in Cayuga County rising?
Approvals in the three latest complete fiscal years total 27, against 21 in the three before: rising (+29%).
How does Cayuga County compare with the rest of New York?
28.5 approvals per 1,000 establishments against 38.1 statewide, and 43 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