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County49th of 62 in New York by approvalsFIPS 36023
SBA loans in Cortland 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 Cortland County, New York, received 30 SBA loan approvals worth $14.8M in FY2021 to FY2025 (27 7(a), 3 504).
That is 30.6 approvals per 1,000 business establishments (981 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 49th of 62 New York counties with approvals. In FY2025 there were 7.
12 lenders had approvals here; the most active were KeyBank National Association (10), Empire State Certified Development Corporation (3) and Manufacturers and Traders Trust Company (3). 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 Cortland County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | KeyBank National AssociationCleveland, OH | 10 | $539K | 33.3% | |
| 2 | Empire State Certified Development CorporationLatham, NY · CDC | 3 | $920K | 10.0% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 3 | $140K | 10.0% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 2 | — | 6.7% | |
| 5 | New Millennium BankFort Lee, NJ | 2 | — | 6.7% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 6.7% | |
| 7 | Tompkins Community BankIthaca, NY | 2 | — | 6.7% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 2 | — | 6.7% | |
| 9 | Bank of America, National AssociationCharlotte, NC | 1 | — | 3.3% | |
| 10 | Chemung Canal Trust CompanyElmira, NY | 1 | — | 3.3% | |
| 11 | Cayuga Lake National BankUnion Springs, NY | 1 | — | 3.3% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 13.3% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 13.3% | |
| 3 | Building Material and Supplies DealersNAICS 4441 | 2 | 6.7% | |
| 4 | Traveler AccommodationNAICS 7211 | 2 | 6.7% | |
| 5 | Waste CollectionNAICS 5621 | 2 | 6.7% | |
| 6 | Lumber and Other Construction Materials Merchant WholesalersNAICS 4233 | 2 | 6.7% | |
| 7 | Residential Building ConstructionNAICS 2361 | 2 | 6.7% | |
| 8 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 1 | 3.3% | |
| 9 | Motor Vehicle and Motor Vehicle Parts and Supplies Merchant WholesalersNAICS 4231 | 1 | 3.3% | |
| 10 | Spring and Wire Product ManufacturingNAICS 3326 | 1 | 3.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 7 | 23.3% | |
| 2 | Construction | 6 | 20.0% | |
| 3 | Wholesale Trade | 4 | 13.3% | |
| 4 | Retail Trade | 3 | 10.0% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 3 | 10.0% | |
| 6 | Manufacturing | 2 | 6.7% | |
| 7 | Transportation and Warehousing | 2 | 6.7% | |
| 8 | Health Care and Social Assistance | 1 | 3.3% |
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* | 1 | — | — | 0 | — | 1 | 50 |
| FY2025 | 7 | $6.3M | $55K | 0 | — | 7 | 98 |
| FY2024 | 5 | $469K | $122K | 2 | — | 7 | 48 |
| FY2023 | 8 | $3.4M | $68K | 0 | — | 8 | 51 |
| FY2022 | 3 | $192K | $50K | 1 | — | 4 | 13 |
| FY2021 | 4 | $3.4M | $670K | 0 | — | 4 | 47 |
| FY2020 | 4 | $621K | $188K | 0 | — | 4 | 13 |
| FY2019 | 4 | $2.8M | $612K | 0 | — | 4 | 33 |
| FY2018 | 7 | $1.1M | $100K | 0 | — | 7 | 48 |
| FY2017 | 2 | — | — | 0 | — | 2 | 19 |
| FY2016 | 5 | $5.8M | $410K | 0 | — | 5 | 11 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 22 approvals.
Against New York and the country
| FY2021–FY2025 | Cortland County | New York | United States |
|---|---|---|---|
| Approvals | 30 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 30.6 | 38.1 | 41.0 |
| Median 7(a) approval | $92K | $130K | $190K |
| Median 504 approval | $287K | $685K | $657K |
| Average approval | $493K | $414K | $573K |
| 504 share of approvals | 10.0% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 8.6 | 8.0 | 10.5 |
| Share of state approvals | 0.1% | 100.0% | — |
Approval sizes
- $50,000 or less36.7%11
- $50,001 to $150,00026.7%8
- $150,001 to $350,00013.3%4
- $350,001 to $1 million6.7%2
- $1 million to $2 million10.0%3
- Over $2 million6.7%2
Age of the businesses
- Existing, more than 2 years old56.7%17
- New business, 2 years or less26.7%8
- Startup, loan funds will open the business16.7%5
Questions and answers
Which lenders make the most SBA loans in Cortland County?
By approvals in FY2021 to FY2025: KeyBank National Association (10), Empire State Certified Development Corporation (3), Manufacturers and Traders Trust Company (3), Newtek Bank, National Association (2), New Millennium Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cortland County?
The median 7(a) approval was $92K and the median 504 approval $287K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Cortland County?
Restaurants and Other Eating Places (4); Other Specialty Trade Contractors (4); Building Material and Supplies Dealers (2); Traveler Accommodation (2); Waste Collection (2).
Is SBA lending in Cortland County rising?
Approvals in the three latest complete fiscal years total 22, against 12 in the three before: rising (+83%).
How does Cortland County compare with the rest of New York?
30.6 approvals per 1,000 establishments against 38.1 statewide, and 30 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