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County12th of 62 in New York by approvalsFIPS 36067
SBA loans in Onondaga 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 Onondaga County, New York, received 449 SBA loan approvals worth $186M in FY2021 to FY2025 (394 7(a), 55 504).
That is 40.2 approvals per 1,000 business establishments (11,166 establishments in 2023), close to the New York figure of 38.1 and close to the national 41.0.
It ranks 12th of 62 New York counties with approvals. In FY2025 there were 117, up 26% on FY2024.
59 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (162), KeyBank National Association (54) and Empire State Certified Development Corporation (36). 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 Onondaga County
By number of approvals to businesses in the county, FY2021–FY2025; 59 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 162 | $28.8M | 36.1% | |
| 2 | KeyBank National AssociationCleveland, OH | 54 | $7.0M | 12.0% | |
| 3 | Empire State Certified Development CorporationLatham, NY · CDC | 36 | $32.2M | 8.0% | |
| 4 | NBT Bank, National AssociationNorwich, NY | 16 | $7.0M | 3.6% | |
| 5 | Greater Syracuse Business Development CorporationSyracuse, NY · CDC | 16 | $6.0M | 3.6% | |
| 6 | Solvay BankSolvay, NY | 12 | $7.9M | 2.7% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 11 | $16.6M | 2.4% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 10 | $9.9M | 2.2% | |
| 9 | Northeast BankLewiston, ME | 10 | $1.5M | 2.2% | |
| 10 | Pathfinder BankOswego, NY | 9 | $1.7M | 2.0% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 8 | $1.4M | 1.8% | |
| 12 | Tompkins Community BankIthaca, NY | 7 | $1.7M | 1.6% | |
| 13 | Community Bank, National AssociationCanton, NY | 7 | $1.1M | 1.6% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $1.9M | 1.3% | |
| 15 | Chemung Canal Trust CompanyElmira, NY | 5 | $520K | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 51 | 11.4% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 19 | 4.2% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 19 | 4.2% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 18 | 4.0% | |
| 5 | Residential Building ConstructionNAICS 2361 | 17 | 3.8% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 13 | 2.9% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 2.9% | |
| 8 | Traveler AccommodationNAICS 7211 | 11 | 2.4% | |
| 9 | General Freight TruckingNAICS 4841 | 10 | 2.2% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 9 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 81 | 18.0% | |
| 2 | Accommodation and Food Services | 73 | 16.3% | |
| 3 | Retail Trade | 62 | 13.8% | |
| 4 | Manufacturing | 36 | 8.0% | |
| 5 | Health Care and Social Assistance | 31 | 6.9% | |
| 6 | Professional, Scientific, and Technical Services | 31 | 6.9% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 29 | 6.5% | |
| 8 | Other Services (except Public Administration) | 28 | 6.2% |
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* | 60 | $20.0M | $68K | 6 | $6.3M | 66 | 330 |
| FY2025 | 112 | $36.1M | $95K | 5 | $2.9M | 117 | 1,102 |
| FY2024 | 82 | $26.1M | $100K | 11 | $10.7M | 93 | 795 |
| FY2023 | 70 | $25.5M | $128K | 10 | $4.5M | 80 | 1,191 |
| FY2022 | 75 | $35.5M | $91K | 14 | $13.8M | 89 | 1,001 |
| FY2021 | 55 | $23.0M | $145K | 15 | $7.3M | 70 | 734 |
| FY2020 | 57 | $26.4M | $150K | 5 | $1.4M | 62 | 656 |
| FY2019 | 86 | $31.9M | $58K | 7 | $3.6M | 93 | 796 |
| FY2018 | 102 | $26.5M | $75K | 7 | $5.2M | 109 | 812 |
| FY2017 | 100 | $23.7M | $50K | 5 | $4.1M | 105 | 970 |
| FY2016 | 144 | $24.1M | $50K | 4 | $6.8M | 148 | 1,039 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 517 approvals.
Against New York and the country
| FY2021–FY2025 | Onondaga County | New York | United States |
|---|---|---|---|
| Approvals | 449 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 40.2 | 38.1 | 41.0 |
| Median 7(a) approval | $100K | $130K | $190K |
| Median 504 approval | $327K | $685K | $657K |
| Average approval | $413K | $414K | $573K |
| 504 share of approvals | 12.2% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 8.0 | 10.5 |
| Share of state approvals | 2.2% | 100.0% | — |
Approval sizes
- $50,000 or less35.0%157
- $50,001 to $150,00021.6%97
- $150,001 to $350,00019.6%88
- $350,001 to $1 million12.2%55
- $1 million to $2 million6.5%29
- Over $2 million5.1%23
Age of the businesses
- Existing, more than 2 years old51.9%233
- New business, 2 years or less22.0%99
- Startup, loan funds will open the business16.3%73
- Change of ownership9.6%43
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in Onondaga County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (162), KeyBank National Association (54), Empire State Certified Development Corporation (36), NBT Bank, National Association (16), Greater Syracuse Business Development Corporation (16). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Onondaga County?
The median 7(a) approval was $100K and the median 504 approval $327K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Onondaga County?
Restaurants and Other Eating Places (51); Other Specialty Trade Contractors (19); Services to Buildings and Dwellings (19); Building Equipment Contractors (18); Residential Building Construction (17).
Is SBA lending in Onondaga County rising?
Approvals in the three latest complete fiscal years total 290, against 221 in the three before: rising (+31%).
How does Onondaga County compare with the rest of New York?
40.2 approvals per 1,000 establishments against 38.1 statewide, and 449 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