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County16th of 62 in New York by approvalsFIPS 36027
SBA loans in Dutchess 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 Dutchess County, New York, received 256 SBA loan approvals worth $98.9M in FY2021 to FY2025 (241 7(a), 15 504).
That is 33.3 approvals per 1,000 business establishments (7,677 establishments in 2023), close to the New York figure of 38.1 and below the national 41.0.
It ranks 16th of 62 New York counties with approvals. In FY2025 there were 76, up 33% on FY2024.
48 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (73), Empire State Certified Development Corporation (15) and KeyBank National Association (14). 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 Dutchess County
By number of approvals to businesses in the county, FY2021–FY2025; 48 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 73 | $6.5M | 28.5% | |
| 2 | Empire State Certified Development CorporationLatham, NY · CDC | 15 | $11.4M | 5.9% | |
| 3 | KeyBank National AssociationCleveland, OH | 14 | $1.2M | 5.5% | |
| 4 | Rhinebeck BankRhinebeck, NY | 12 | $3.1M | 4.7% | |
| 5 | The Huntington National BankColumbus, OH | 10 | $3.1M | 3.9% | |
| 6 | TD Bank, National AssociationWilmington, DE | 10 | $1.6M | 3.9% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 9 | $2.6M | 3.5% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 7 | $1.7M | 2.7% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 6 | $3.4M | 2.3% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $3.2M | 2.3% | |
| 11 | NBT Bank, National AssociationNorwich, NY | 6 | $2.1M | 2.3% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 6 | $1.6M | 2.3% | |
| 13 | Northeast BankLewiston, ME | 6 | $736K | 2.3% | |
| 14 | New York Business Development CorporationLatham, NY | 5 | $3.1M | 2.0% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 5 | $597K | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 34 | 13.3% | |
| 2 | Personal Care ServicesNAICS 8121 | 12 | 4.7% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 9 | 3.5% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 3.5% | |
| 5 | Other Personal ServicesNAICS 8129 | 9 | 3.5% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 9 | 3.5% | |
| 7 | Other Schools and InstructionNAICS 6116 | 7 | 2.7% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 7 | 2.7% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 2.7% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 6 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 37 | 14.5% | |
| 2 | Other Services (except Public Administration) | 36 | 14.1% | |
| 3 | Construction | 28 | 10.9% | |
| 4 | Retail Trade | 26 | 10.2% | |
| 5 | Professional, Scientific, and Technical Services | 26 | 10.2% | |
| 6 | Health Care and Social Assistance | 23 | 9.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 17 | 6.6% | |
| 8 | Manufacturing | 10 | 3.9% |
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* | 43 | $10.0M | $90K | 3 | $2.4M | 46 | 276 |
| FY2025 | 75 | $29.0M | $150K | 1 | — | 76 | 645 |
| FY2024 | 53 | $17.2M | $100K | 4 | $2.1M | 57 | 497 |
| FY2023 | 42 | $18.0M | $84K | 2 | — | 44 | 337 |
| FY2022 | 31 | $10.5M | $90K | 3 | $2.9M | 34 | 245 |
| FY2021 | 40 | $12.9M | $200K | 5 | $5.7M | 45 | 334 |
| FY2020 | 31 | $9.8M | $73K | 3 | $976K | 34 | 286 |
| FY2019 | 47 | $11.1M | $35K | 4 | $2.3M | 51 | 188 |
| FY2018 | 55 | $15.4M | $50K | 7 | $7.7M | 62 | 392 |
| FY2017 | 36 | $11.3M | $75K | 7 | $5.5M | 43 | 278 |
| FY2016 | 70 | $23.4M | $50K | 2 | — | 72 | 320 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 262 approvals.
Against New York and the country
| FY2021–FY2025 | Dutchess County | New York | United States |
|---|---|---|---|
| Approvals | 256 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 33.3 | 38.1 | 41.0 |
| Median 7(a) approval | $123K | $130K | $190K |
| Median 504 approval | $321K | $685K | $657K |
| Average approval | $386K | $414K | $573K |
| 504 share of approvals | 5.9% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 8.0 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less32.0%82
- $50,001 to $150,00023.4%60
- $150,001 to $350,00016.8%43
- $350,001 to $1 million19.1%49
- $1 million to $2 million3.9%10
- Over $2 million4.7%12
Age of the businesses
- Existing, more than 2 years old56.6%145
- New business, 2 years or less19.5%50
- Startup, loan funds will open the business19.1%49
- Change of ownership4.7%12
Questions and answers
Which lenders make the most SBA loans in Dutchess County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (73), Empire State Certified Development Corporation (15), KeyBank National Association (14), Rhinebeck Bank (12), The Huntington National Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Dutchess County?
The median 7(a) approval was $123K and the median 504 approval $321K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Dutchess County?
Restaurants and Other Eating Places (34); Personal Care Services (12); Other Specialty Trade Contractors (9); Other Amusement and Recreation Industries (9); Other Personal Services (9).
Is SBA lending in Dutchess County rising?
Approvals in the three latest complete fiscal years total 177, against 113 in the three before: rising (+57%).
How does Dutchess County compare with the rest of New York?
33.3 approvals per 1,000 establishments against 38.1 statewide, and 256 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