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County46th of 62 in New York by approvalsFIPS 36053
SBA loans in Madison 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 Madison County, New York, received 35 SBA loan approvals worth $21.0M in FY2021 to FY2025 (33 7(a), 2 504).
That is 26.4 approvals per 1,000 business establishments (1,328 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 46th of 62 New York counties with approvals. In FY2025 there were 4.
15 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (10), Community Bank, National Association (5) and Beacon Bank and Trust (3). The most common industry was services to buildings and dwellings.
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 Madison County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 10 | $5.3M | 28.6% | |
| 2 | Community Bank, National AssociationCanton, NY | 5 | $677K | 14.3% | |
| 3 | Beacon Bank and TrustBrookline, MA | 3 | $74K | 8.6% | |
| 4 | Northeast BankLewiston, ME | 2 | — | 5.7% | |
| 5 | The Canandaigua National Bank and Trust CompanyCanandaigua, NY | 2 | — | 5.7% | |
| 6 | CIBC Bank USAChicago, IL | 2 | — | 5.7% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 5.7% | |
| 8 | NBT Bank, National AssociationNorwich, NY | 2 | — | 5.7% | |
| 9 | Valley National BankPassaic, NJ | 1 | — | 2.9% | |
| 10 | Empire State Certified Development CorporationLatham, NY · CDC | 1 | — | 2.9% | |
| 11 | New York Business Development CorporationLatham, NY | 1 | — | 2.9% | |
| 12 | Greater Syracuse Business Development CorporationSyracuse, NY · CDC | 1 | — | 2.9% | |
| 13 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.9% | |
| 14 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.9% | |
| 15 | Citizens Bank, National AssociationProvidence, RI | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 4 | 11.4% | |
| 2 | Hardware, and Plumbing and Heating Equipment and Supplies Merchant WholesalersNAICS 4237 | 3 | 8.6% | |
| 3 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 8.6% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 8.6% | |
| 5 | Plastics Product ManufacturingNAICS 3261 | 2 | 5.7% | |
| 6 | Hog and Pig FarmingNAICS 1122 | 2 | 5.7% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 5.7% | |
| 8 | Beverage ManufacturingNAICS 3121 | 2 | 5.7% | |
| 9 | Health and Personal Care StoresNAICS 4461 | 2 | 5.7% | |
| 10 | Promoters of Performing Arts, Sports, and Similar EventsNAICS 7113 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 6 | 17.1% | |
| 2 | Manufacturing | 5 | 14.3% | |
| 3 | Construction | 5 | 14.3% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 5 | 14.3% | |
| 5 | Accommodation and Food Services | 4 | 11.4% | |
| 6 | Wholesale Trade | 4 | 11.4% | |
| 7 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.7% | |
| 8 | Arts, Entertainment, and Recreation | 1 | 2.9% |
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* | 2 | — | — | 0 | — | 2 | 23 |
| FY2025 | 4 | $1.1M | $225K | 0 | — | 4 | 30 |
| FY2024 | 8 | $6.1M | $115K | 0 | — | 8 | 41 |
| FY2023 | 10 | $6.1M | $155K | 0 | — | 10 | 141 |
| FY2022 | 5 | $3.4M | $250K | 2 | — | 7 | 105 |
| FY2021 | 6 | $294K | $44K | 0 | — | 6 | 16 |
| FY2020 | 3 | $523K | $32K | 0 | — | 3 | 7 |
| FY2019 | 9 | $696K | $30K | 1 | — | 10 | 41 |
| FY2018 | 7 | $512K | $65K | 1 | — | 8 | 53 |
| FY2017 | 8 | $836K | $38K | 2 | — | 10 | 34 |
| FY2016 | 16 | $1.1M | $58K | 2 | — | 18 | 108 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 49 approvals.
Against New York and the country
| FY2021–FY2025 | Madison County | New York | United States |
|---|---|---|---|
| Approvals | 35 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 26.4 | 38.1 | 41.0 |
| Median 7(a) approval | $142K | $130K | $190K |
| Median 504 approval | — | $685K | $657K |
| Average approval | $601K | $414K | $573K |
| 504 share of approvals | 5.7% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 8.0 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less22.9%8
- $50,001 to $150,00028.6%10
- $150,001 to $350,00022.9%8
- $350,001 to $1 million14.3%5
- Over $2 million11.4%4
Age of the businesses
- Existing, more than 2 years old42.9%15
- New business, 2 years or less28.6%10
- Startup, loan funds will open the business17.1%6
- Change of ownership11.4%4
Questions and answers
Which lenders make the most SBA loans in Madison County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (10), Community Bank, National Association (5), Beacon Bank and Trust (3), Northeast Bank (2), The Canandaigua National Bank and Trust Company (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Madison County?
The median 7(a) approval was $142K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Madison County?
Services to Buildings and Dwellings (4); Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (3); Foundation, Structure, and Building Exterior Contractors (3); Restaurants and Other Eating Places (3); Plastics Product Manufacturing (2).
Is SBA lending in Madison County rising?
Approvals in the three latest complete fiscal years total 22, against 16 in the three before: rising (+38%).
How does Madison County compare with the rest of New York?
26.4 approvals per 1,000 establishments against 38.1 statewide, and 35 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