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County34th of 62 in New York by approvalsFIPS 36015
SBA loans in Chemung 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 Chemung County, New York, received 68 SBA loan approvals worth $14.2M in FY2021 to FY2025 (64 7(a), 4 504).
That is 41.3 approvals per 1,000 business establishments (1,647 establishments in 2023), close to the New York figure of 38.1 and close to the national 41.0.
It ranks 34th of 62 New York counties with approvals. In FY2025 there were 11, down 31% on FY2024.
18 lenders had approvals here; the most active were Chemung Canal Trust Company (15), Five Star Bank (14) and First Heritage Federal Credit Union (10). 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 Chemung County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Chemung Canal Trust CompanyElmira, NY | 15 | $1.8M | 22.1% | |
| 2 | Five Star BankRochester, NY | 14 | $911K | 20.6% | |
| 3 | First Heritage Federal Credit UnionCorning, NY | 10 | $1.5M | 14.7% | |
| 4 | Manufacturers and Traders Trust CompanyBuffalo, NY | 10 | $1.5M | 14.7% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 3 | $650K | 4.4% | |
| 6 | Empire State Certified Development CorporationLatham, NY · CDC | 2 | — | 2.9% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.9% | |
| 8 | Greater Syracuse Business Development CorporationSyracuse, NY · CDC | 2 | — | 2.9% | |
| 9 | Metro City BankDoraville, GA | 1 | — | 1.5% | |
| 10 | First Bank of Central OhioWorthington, OH | 1 | — | 1.5% | |
| 11 | Renasant BankTupelo, MS | 1 | — | 1.5% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 1.5% | |
| 13 | New York Business Development CorporationLatham, NY | 1 | — | 1.5% | |
| 14 | Community Bank, National AssociationCanton, NY | 1 | — | 1.5% | |
| 15 | NYBDC Local Development Corporation dba Pursuit Community FinanceLatham, NY | 1 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 10.3% | |
| 2 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 7 | 10.3% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 7.4% | |
| 4 | General Freight TruckingNAICS 4841 | 4 | 5.9% | |
| 5 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 3 | 4.4% | |
| 6 | Printing and Related Support ActivitiesNAICS 3231 | 3 | 4.4% | |
| 7 | Personal Care ServicesNAICS 8121 | 3 | 4.4% | |
| 8 | Waste CollectionNAICS 5621 | 3 | 4.4% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.4% | |
| 10 | Clay Product and Refractory ManufacturingNAICS 3271 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 15 | 22.1% | |
| 2 | Retail Trade | 8 | 11.8% | |
| 3 | Other Services (except Public Administration) | 7 | 10.3% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 7 | 10.3% | |
| 5 | Arts, Entertainment, and Recreation | 6 | 8.8% | |
| 6 | Manufacturing | 6 | 8.8% | |
| 7 | Transportation and Warehousing | 5 | 7.4% | |
| 8 | Construction | 4 | 5.9% |
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* | 13 | $2.3M | $150K | 0 | — | 13 | 36 |
| FY2025 | 11 | $3.0M | $207K | 0 | — | 11 | 52 |
| FY2024 | 16 | $1.7M | $59K | 0 | — | 16 | 45 |
| FY2023 | 11 | $1.0M | $100K | 0 | — | 11 | 63 |
| FY2022 | 14 | $5.1M | $95K | 2 | — | 16 | 128 |
| FY2021 | 12 | $2.4M | $151K | 2 | — | 14 | 70 |
| FY2020 | 9 | $2.8M | $200K | 1 | — | 10 | 107 |
| FY2019 | 8 | $3.0M | $177K | 0 | — | 8 | 128 |
| FY2018 | 15 | $2.8M | $95K | 1 | — | 16 | 131 |
| FY2017 | 11 | $1.1M | $84K | 0 | — | 11 | 57 |
| FY2016 | 22 | $2.5M | $34K | 1 | — | 23 | 89 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 68 approvals.
Against New York and the country
| FY2021–FY2025 | Chemung County | New York | United States |
|---|---|---|---|
| Approvals | 68 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 41.3 | 38.1 | 41.0 |
| Median 7(a) approval | $126K | $130K | $190K |
| Median 504 approval | $286K | $685K | $657K |
| Average approval | $209K | $414K | $573K |
| 504 share of approvals | 5.9% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 5.3 | 8.0 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less26.5%18
- $50,001 to $150,00036.8%25
- $150,001 to $350,00023.5%16
- $350,001 to $1 million11.8%8
- Over $2 million1.5%1
Age of the businesses
- Existing, more than 2 years old52.9%36
- New business, 2 years or less10.3%7
- Startup, loan funds will open the business19.1%13
- Change of ownership17.6%12
Questions and answers
Which lenders make the most SBA loans in Chemung County?
By approvals in FY2021 to FY2025: Chemung Canal Trust Company (15), Five Star Bank (14), First Heritage Federal Credit Union (10), Manufacturers and Traders Trust Company (10), BayFirst National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Chemung County?
The median 7(a) approval was $126K and the median 504 approval $286K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Chemung County?
Restaurants and Other Eating Places (7); Drinking Places (Alcoholic Beverages) (7); Other Amusement and Recreation Industries (5); General Freight Trucking (4); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (3).
Is SBA lending in Chemung County rising?
Approvals in the three latest complete fiscal years total 38, against 40 in the three before: broadly level (-5%).
How does Chemung County compare with the rest of New York?
41.3 approvals per 1,000 establishments against 38.1 statewide, and 68 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