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County47th of 62 in New York by approvalsFIPS 36035
SBA loans in Fulton 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 31 loans to businesses in Fulton County, New York, in FY2021 to FY2025, worth $10.7M: 28 under 7(a) and 3 under 504.
That is 27.7 approvals per 1,000 business establishments (1,119 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 47th of 62 New York counties with approvals. In FY2025 there were 5.
12 lenders had approvals here; the most active were KeyBank National Association (9), Bank of America, National Association (4) and Empire State Certified Development Corporation (3). The most common industry was building finishing contractors.
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 Fulton 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 | 9 | $1.2M | 29.0% | |
| 2 | Bank of America, National AssociationCharlotte, NC | 4 | $347K | 12.9% | |
| 3 | Empire State Certified Development CorporationLatham, NY · CDC | 3 | $2.4M | 9.7% | |
| 4 | Beacon Bank and TrustBrookline, MA | 3 | $1.5M | 9.7% | |
| 5 | NBT Bank, National AssociationNorwich, NY | 3 | $1.1M | 9.7% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 6.5% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 6.5% | |
| 8 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 3.2% | |
| 9 | New York Business Development CorporationLatham, NY | 1 | — | 3.2% | |
| 10 | NYBDC Local Development Corporation dba Pursuit Community FinanceLatham, NY | 1 | — | 3.2% | |
| 11 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 3.2% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Finishing ContractorsNAICS 2383 | 4 | 12.9% | |
| 2 | Plastics Product ManufacturingNAICS 3261 | 3 | 9.7% | |
| 3 | Traveler AccommodationNAICS 7211 | 2 | 6.5% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 6.5% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 6.5% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 6.5% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 6.5% | |
| 8 | Commercial and Service Industry Machinery ManufacturingNAICS 3333 | 1 | 3.2% | |
| 9 | Gasoline StationsNAICS 4571 | 1 | 3.2% | |
| 10 | Other Support ServicesNAICS 5619 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 8 | 25.8% | |
| 2 | Manufacturing | 4 | 12.9% | |
| 3 | Retail Trade | 4 | 12.9% | |
| 4 | Accommodation and Food Services | 4 | 12.9% | |
| 5 | Professional, Scientific, and Technical Services | 4 | 12.9% | |
| 6 | Arts, Entertainment, and Recreation | 2 | 6.5% | |
| 7 | Other Services (except Public Administration) | 2 | 6.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 1 | 3.2% |
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 | — | — | 1 | — | 2 | 5 |
| FY2025 | 5 | $532K | $62K | 0 | — | 5 | 15 |
| FY2024 | 6 | $1.2M | $87K | 1 | — | 7 | 85 |
| FY2023 | 5 | $1.3M | $50K | 1 | — | 6 | 54 |
| FY2022 | 5 | $1.4M | $392K | 1 | — | 6 | 15 |
| FY2021 | 7 | $4.0M | $500K | 0 | — | 7 | 214 |
| FY2020 | 3 | $421K | $101K | 1 | — | 4 | 21 |
| FY2019 | 4 | $3.5M | $300K | 0 | — | 4 | 20 |
| FY2018 | 10 | $3.9M | $200K | 1 | — | 11 | 113 |
| FY2017 | 11 | $905K | $50K | 1 | — | 12 | 40 |
| FY2016 | 17 | $1.4M | $50K | 0 | — | 17 | 82 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 48 approvals.
Against New York and the country
| FY2021–FY2025 | Fulton County | New York | United States |
|---|---|---|---|
| Approvals | 31 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 27.7 | 38.1 | 41.0 |
| Median 7(a) approval | $113K | $130K | $190K |
| Median 504 approval | $564K | $685K | $657K |
| Average approval | $345K | $414K | $573K |
| 504 share of approvals | 9.7% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 12.4 | 8.0 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less29.0%9
- $50,001 to $150,00025.8%8
- $150,001 to $350,0009.7%3
- $350,001 to $1 million29.0%9
- $1 million to $2 million3.2%1
- Over $2 million3.2%1
Age of the businesses
- Existing, more than 2 years old48.4%15
- New business, 2 years or less12.9%4
- Startup, loan funds will open the business29.0%9
- Change of ownership9.7%3
Questions and answers
Which lenders make the most SBA loans in Fulton County?
By approvals in FY2021 to FY2025: KeyBank National Association (9), Bank of America, National Association (4), Empire State Certified Development Corporation (3), Beacon Bank and Trust (3), NBT Bank, National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Fulton County?
The median 7(a) approval was $113K and the median 504 approval $564K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Fulton County?
Building Finishing Contractors (4); Plastics Product Manufacturing (3); Traveler Accommodation (2); Other Amusement and Recreation Industries (2); Restaurants and Other Eating Places (2).
Is SBA lending in Fulton County rising?
Approvals in the three latest complete fiscal years total 18, against 17 in the three before: broadly level (+6%).
How does Fulton County compare with the rest of New York?
27.7 approvals per 1,000 establishments against 38.1 statewide, and 31 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