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County2nd of 62 in New York by approvalsFIPS 36061
SBA loans in New York 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 2,121 loans to businesses in New York County, New York, in FY2021 to FY2025, worth $1.07bn: 2,047 under 7(a) and 74 under 504.
That is 22.6 approvals per 1,000 business establishments (93,904 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 2nd of 62 New York counties with approvals. In FY2025 there were 603, up 9% on FY2024.
132 lenders had approvals here; the most active were TD Bank, National Association (371), JPMorgan Chase Bank, National Association (237) and Newtek Bank, National Association (145). 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 New York County
By number of approvals to businesses in the county, FY2021–FY2025; 132 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 371 | $45.9M | 17.5% | |
| 2 | JPMorgan Chase Bank, National AssociationColumbus, OH | 237 | $61.3M | 11.2% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 145 | $99.1M | 6.8% | |
| 4 | Northeast BankLewiston, ME | 136 | $22.1M | 6.4% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 123 | $31.1M | 5.8% | |
| 6 | Manufacturers and Traders Trust CompanyBuffalo, NY | 104 | $16.6M | 4.9% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 86 | $30.6M | 4.1% | |
| 8 | The Huntington National BankColumbus, OH | 74 | $21.9M | 3.5% | |
| 9 | NewBankFlushing, NY | 67 | $78.9M | 3.2% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 66 | $59.9M | 3.1% | |
| 11 | Lendistry SBLC, LLCLos Angeles, CA | 57 | $9.3M | 2.7% | |
| 12 | Empire State Certified Development CorporationLatham, NY · CDC | 51 | $91.7M | 2.4% | |
| 13 | Bank of America, National AssociationCharlotte, NC | 30 | $13.3M | 1.4% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 30 | $6.3M | 1.4% | |
| 15 | Hanover Community BankMineola, NY | 28 | $23.8M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 243 | 11.5% | |
| 2 | Personal Care ServicesNAICS 8121 | 112 | 5.3% | |
| 3 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 107 | 5.0% | |
| 4 | Legal ServicesNAICS 5411 | 94 | 4.4% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 79 | 3.7% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 67 | 3.2% | |
| 7 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 61 | 2.9% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 58 | 2.7% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 55 | 2.6% | |
| 10 | Specialized Design ServicesNAICS 5414 | 53 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 505 | 23.8% | |
| 2 | Accommodation and Food Services | 296 | 14.0% | |
| 3 | Retail Trade | 277 | 13.1% | |
| 4 | Health Care and Social Assistance | 189 | 8.9% | |
| 5 | Other Services (except Public Administration) | 179 | 8.4% | |
| 6 | Wholesale Trade | 156 | 7.4% | |
| 7 | Arts, Entertainment, and Recreation | 99 | 4.7% | |
| 8 | Construction | 81 | 3.8% |
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* | 281 | $140M | $200K | 8 | $17.3M | 289 | 2,754 |
| FY2025 | 594 | $207M | $151K | 9 | $13.8M | 603 | 6,064 |
| FY2024 | 539 | $205M | $150K | 16 | $23.4M | 555 | 6,777 |
| FY2023 | 454 | $181M | $150K | 7 | $19.8M | 461 | 4,435 |
| FY2022 | 233 | $143M | $150K | 19 | $43.7M | 252 | 2,234 |
| FY2021 | 227 | $194M | $350K | 23 | $36.6M | 250 | 3,864 |
| FY2020 | 230 | $123M | $151K | 10 | $12.9M | 240 | 2,952 |
| FY2019 | 433 | $148M | $120K | 18 | $31.2M | 451 | 4,436 |
| FY2018 | 464 | $139M | $100K | 8 | $12.7M | 472 | 3,480 |
| FY2017 | 631 | $200M | $100K | 11 | $16.3M | 642 | 5,777 |
| FY2016 | 478 | $159M | $150K | 7 | $16.2M | 485 | 4,100 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 2,290 approvals.
Against New York and the country
| FY2021–FY2025 | New York County | New York | United States |
|---|---|---|---|
| Approvals | 2,121 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 22.6 | 38.1 | 41.0 |
| Median 7(a) approval | $150K | $130K | $190K |
| Median 504 approval | $1.7M | $685K | $657K |
| Average approval | $503K | $414K | $573K |
| 504 share of approvals | 3.5% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 11.0 | 8.0 | 10.5 |
| Share of state approvals | 10.3% | 100.0% | — |
Approval sizes
- $50,000 or less22.5%477
- $50,001 to $150,00025.9%549
- $150,001 to $350,00023.0%487
- $350,001 to $1 million17.2%364
- $1 million to $2 million5.0%105
- Over $2 million6.6%139
Age of the businesses
- Existing, more than 2 years old75.8%1,608
- New business, 2 years or less12.3%261
- Startup, loan funds will open the business9.3%197
- Change of ownership2.5%54
- Not answered0.0%1
Questions and answers
Which lenders make the most SBA loans in New York County?
By approvals in FY2021 to FY2025: TD Bank, National Association (371), JPMorgan Chase Bank, National Association (237), Newtek Bank, National Association (145), Northeast Bank (136), BayFirst National Bank (123). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in New York County?
The median 7(a) approval was $150K and the median 504 approval $1.7M; the New York 7(a) median was $130K.
Which industries get the most SBA loans in New York County?
Restaurants and Other Eating Places (243); Personal Care Services (112); Management, Scientific, and Technical Consulting Services (107); Legal Services (94); Offices of Other Health Practitioners (79).
Is SBA lending in New York County rising?
Approvals in the three latest complete fiscal years total 1,619, against 742 in the three before: rising (+118%).
How does New York County compare with the rest of New York?
22.6 approvals per 1,000 establishments against 38.1 statewide, and 2,121 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