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County17th of 62 in New York by approvalsFIPS 36063
SBA loans in Niagara 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 Niagara County, New York, received 166 SBA loan approvals worth $48.0M in FY2021 to FY2025 (159 7(a), 7 504).
That is 37.1 approvals per 1,000 business establishments (4,475 establishments in 2023), close to the New York figure of 38.1 and close to the national 41.0.
It ranks 17th of 62 New York counties with approvals. In FY2025 there were 52, up 30% on FY2024.
30 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (61), KeyBank National Association (36) and Northwest Bank (8). 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 Niagara County
By number of approvals to businesses in the county, FY2021–FY2025; 30 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 61 | $5.4M | 36.7% | |
| 2 | KeyBank National AssociationCleveland, OH | 36 | $5.1M | 21.7% | |
| 3 | Northwest BankWarren, PA | 8 | $2.3M | 4.8% | |
| 4 | Tompkins Community BankIthaca, NY | 7 | $2.8M | 4.2% | |
| 5 | Empire State Certified Development CorporationLatham, NY · CDC | 5 | $5.6M | 3.0% | |
| 6 | Five Star BankRochester, NY | 5 | $409K | 3.0% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 4 | $1.1M | 2.4% | |
| 8 | Celtic Bank CorporationSalt Lake City, UT | 3 | $4.1M | 1.8% | |
| 9 | ESL FCURochester, NY | 3 | $890K | 1.8% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $597K | 1.8% | |
| 11 | Northeast BankLewiston, ME | 3 | $317K | 1.8% | |
| 12 | Business Initiative Corporation of New YorkBronx, NY · CDC | 2 | — | 1.2% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 2 | — | 1.2% | |
| 14 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 1.2% | |
| 15 | TowneBankPortsmouth, VA | 2 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 17 | 10.2% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 9.6% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 16 | 9.6% | |
| 4 | Residential Building ConstructionNAICS 2361 | 8 | 4.8% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 3.6% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 6 | 3.6% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 3.6% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 4 | 2.4% | |
| 9 | Building Material and Supplies DealersNAICS 4441 | 4 | 2.4% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 4 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 30 | 18.1% | |
| 2 | Accommodation and Food Services | 23 | 13.9% | |
| 3 | Retail Trade | 22 | 13.3% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 20 | 12.0% | |
| 5 | Other Services (except Public Administration) | 16 | 9.6% | |
| 6 | Professional, Scientific, and Technical Services | 12 | 7.2% | |
| 7 | Manufacturing | 10 | 6.0% | |
| 8 | Transportation and Warehousing | 8 | 4.8% |
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* | 17 | $2.9M | $80K | 1 | — | 18 | 45 |
| FY2025 | 49 | $9.4M | $85K | 3 | $5.2M | 52 | 376 |
| FY2024 | 40 | $14.5M | $50K | 0 | — | 40 | 455 |
| FY2023 | 25 | $3.0M | $50K | 1 | — | 26 | 125 |
| FY2022 | 24 | $3.1M | $50K | 2 | — | 26 | 209 |
| FY2021 | 21 | $6.4M | $120K | 1 | — | 22 | 85 |
| FY2020 | 23 | $9.5M | $165K | 2 | — | 25 | 215 |
| FY2019 | 37 | $8.9M | $50K | 3 | $1.6M | 40 | 366 |
| FY2018 | 34 | $4.9M | $58K | 3 | $1.2M | 37 | 246 |
| FY2017 | 36 | $5.0M | $63K | 3 | $799K | 39 | 253 |
| FY2016 | 67 | $15.4M | $75K | 3 | $5.6M | 70 | 552 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 211 approvals.
Against New York and the country
| FY2021–FY2025 | Niagara County | New York | United States |
|---|---|---|---|
| Approvals | 166 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 37.1 | 38.1 | 41.0 |
| Median 7(a) approval | $50K | $130K | $190K |
| Median 504 approval | $1.1M | $685K | $657K |
| Average approval | $289K | $414K | $573K |
| 504 share of approvals | 4.2% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 8.0 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less48.8%81
- $50,001 to $150,00015.7%26
- $150,001 to $350,00016.9%28
- $350,001 to $1 million12.7%21
- $1 million to $2 million3.6%6
- Over $2 million2.4%4
Age of the businesses
- Existing, more than 2 years old50.0%83
- New business, 2 years or less28.9%48
- Startup, loan funds will open the business12.7%21
- Change of ownership8.4%14
Questions and answers
Which lenders make the most SBA loans in Niagara County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (61), KeyBank National Association (36), Northwest Bank (8), Tompkins Community Bank (7), Empire State Certified Development Corporation (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Niagara County?
The median 7(a) approval was $50K and the median 504 approval $1.1M; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Niagara County?
Services to Buildings and Dwellings (17); Restaurants and Other Eating Places (16); Other Specialty Trade Contractors (16); Residential Building Construction (8); Automotive Repair and Maintenance (6).
Is SBA lending in Niagara County rising?
Approvals in the three latest complete fiscal years total 118, against 73 in the three before: rising (+62%).
How does Niagara County compare with the rest of New York?
37.1 approvals per 1,000 establishments against 38.1 statewide, and 166 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