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County45th of 62 in New York by approvalsFIPS 36031
SBA loans in Essex 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 39 loans to businesses in Essex County, New York, in FY2021 to FY2025, worth $29.3M: 31 under 7(a) and 8 under 504.
That is 32.9 approvals per 1,000 business establishments (1,186 establishments in 2023), close to the New York figure of 38.1 and below the national 41.0.
It ranks 45th of 62 New York counties with approvals. In FY2025 there were 9, down 18% on FY2024.
18 lenders had approvals here; the most active were Empire State Certified Development Corporation (8), Arrow Bank National Association (5) and Hanover Community Bank (4). The most common industry was traveler accommodation.
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 Essex County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Empire State Certified Development CorporationLatham, NY · CDC | 8 | $3.7M | 20.5% | |
| 2 | Arrow Bank National AssociationGlens Falls, NY | 5 | $330K | 12.8% | |
| 3 | Hanover Community BankMineola, NY | 4 | $3.1M | 10.3% | |
| 4 | The Huntington National BankColumbus, OH | 3 | $4.2M | 7.7% | |
| 5 | TD Bank, National AssociationWilmington, DE | 3 | $103K | 7.7% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.1% | |
| 7 | First Bank of the LakeOsage Beach, MO | 2 | — | 5.1% | |
| 8 | NBT Bank, National AssociationNorwich, NY | 2 | — | 5.1% | |
| 9 | T Bank, National AssociationDallas, TX | 1 | — | 2.6% | |
| 10 | ConnectOne BankEnglewood Cliffs, NJ | 1 | — | 2.6% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.6% | |
| 12 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 1 | — | 2.6% | |
| 13 | Empire State Certified Development CorporationLatham, NY | 1 | — | 2.6% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 2.6% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 12 | 30.8% | |
| 2 | Offices of DentistsNAICS 6212 | 3 | 7.7% | |
| 3 | Activities Related to Real EstateNAICS 5313 | 2 | 5.1% | |
| 4 | Building Material and Supplies DealersNAICS 4441 | 2 | 5.1% | |
| 5 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 2 | 5.1% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 5.1% | |
| 7 | Amusement Parks and ArcadesNAICS 7131 | 2 | 5.1% | |
| 8 | Residential Building ConstructionNAICS 2361 | 2 | 5.1% | |
| 9 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 2 | 5.1% | |
| 10 | Death Care ServicesNAICS 8122 | 1 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 15 | 38.5% | |
| 2 | Retail Trade | 6 | 15.4% | |
| 3 | Other Services (except Public Administration) | 3 | 7.7% | |
| 4 | Arts, Entertainment, and Recreation | 3 | 7.7% | |
| 5 | Health Care and Social Assistance | 3 | 7.7% | |
| 6 | Construction | 3 | 7.7% | |
| 7 | Real Estate and Rental and Leasing | 2 | 5.1% | |
| 8 | Manufacturing | 1 | 2.6% |
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 | $1.1M | $307K | 3 | $2.7M | 7 | 28 |
| FY2025 | 7 | $5.2M | $150K | 2 | — | 9 | 29 |
| FY2024 | 11 | $4.6M | $150K | 0 | — | 11 | 116 |
| FY2023 | 8 | $11.5M | $750K | 1 | — | 9 | 61 |
| FY2022 | 4 | $2.5M | $83K | 1 | — | 5 | 30 |
| FY2021 | 1 | — | — | 4 | $1.9M | 5 | 39 |
| FY2020 | 3 | $940K | $75K | 1 | — | 4 | 7 |
| FY2019 | 9 | $869K | $75K | 2 | — | 11 | 43 |
| FY2018 | 12 | $2.3M | $50K | 1 | — | 13 | 129 |
| FY2017 | 4 | $868K | $104K | 2 | — | 6 | 34 |
| FY2016 | 9 | $1.4M | $80K | 1 | — | 10 | 51 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 44 approvals.
Against New York and the country
| FY2021–FY2025 | Essex County | New York | United States |
|---|---|---|---|
| Approvals | 39 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 32.9 | 38.1 | 41.0 |
| Median 7(a) approval | $200K | $130K | $190K |
| Median 504 approval | $405K | $685K | $657K |
| Average approval | $752K | $414K | $573K |
| 504 share of approvals | 20.5% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 7.1 | 8.0 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less23.1%9
- $50,001 to $150,00015.4%6
- $150,001 to $350,00017.9%7
- $350,001 to $1 million17.9%7
- $1 million to $2 million15.4%6
- Over $2 million10.3%4
Age of the businesses
- Existing, more than 2 years old35.9%14
- New business, 2 years or less23.1%9
- Startup, loan funds will open the business33.3%13
- Change of ownership7.7%3
Questions and answers
Which lenders make the most SBA loans in Essex County?
By approvals in FY2021 to FY2025: Empire State Certified Development Corporation (8), Arrow Bank National Association (5), Hanover Community Bank (4), The Huntington National Bank (3), TD Bank, National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Essex County?
The median 7(a) approval was $200K and the median 504 approval $405K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Essex County?
Traveler Accommodation (12); Offices of Dentists (3); Activities Related to Real Estate (2); Building Material and Supplies Dealers (2); Sporting Goods, Hobby, and Musical Instrument Retailers (2).
Is SBA lending in Essex County rising?
Approvals in the three latest complete fiscal years total 29, against 14 in the three before: rising (+107%).
How does Essex County compare with the rest of New York?
32.9 approvals per 1,000 establishments against 38.1 statewide, and 39 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