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County25th of 62 in New York by approvalsFIPS 36079
SBA loans in Putnam 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 Putnam County, New York, received 104 SBA loan approvals worth $30.9M in FY2021 to FY2025 (95 7(a), 9 504).
That is 36.3 approvals per 1,000 business establishments (2,868 establishments in 2023), close to the New York figure of 38.1 and close to the national 41.0.
It ranks 25th of 62 New York counties with approvals. In FY2025 there were 19, down 14% on FY2024.
32 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (25), TD Bank, National Association (9) and Empire State Certified Development Corporation (8). The most common industry was residential building construction.
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 Putnam County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 25 | $2.0M | 24.0% | |
| 2 | TD Bank, National AssociationWilmington, DE | 9 | $960K | 8.7% | |
| 3 | Empire State Certified Development CorporationLatham, NY · CDC | 8 | $7.7M | 7.7% | |
| 4 | KeyBank National AssociationCleveland, OH | 7 | $1.9M | 6.7% | |
| 5 | Webster Bank National AssociationWaterbury, CT | 6 | $1.7M | 5.8% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 5 | $741K | 4.8% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 5 | $692K | 4.8% | |
| 8 | Northeast BankLewiston, ME | 4 | $288K | 3.8% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $331K | 2.9% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $310K | 2.9% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 2 | — | 1.9% | |
| 12 | The Huntington National BankColumbus, OH | 2 | — | 1.9% | |
| 13 | Bank of America, National AssociationCharlotte, NC | 2 | — | 1.9% | |
| 14 | Tompkins Community BankIthaca, NY | 2 | — | 1.9% | |
| 15 | Community Capital New York, Inc.Elmsford, NY | 2 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 8 | 7.7% | |
| 2 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 7 | 6.7% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 6 | 5.8% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 5.8% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 5 | 4.8% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.8% | |
| 7 | Nonresidential Building ConstructionNAICS 2362 | 4 | 3.8% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 4 | 3.8% | |
| 9 | Other Personal ServicesNAICS 8129 | 3 | 2.9% | |
| 10 | Waste CollectionNAICS 5621 | 3 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 29 | 27.9% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 11 | 10.6% | |
| 3 | Other Services (except Public Administration) | 10 | 9.6% | |
| 4 | Accommodation and Food Services | 10 | 9.6% | |
| 5 | Professional, Scientific, and Technical Services | 9 | 8.7% | |
| 6 | Retail Trade | 8 | 7.7% | |
| 7 | Manufacturing | 6 | 5.8% | |
| 8 | Wholesale Trade | 6 | 5.8% |
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* | 19 | $5.6M | $100K | 1 | — | 20 | 109 |
| FY2025 | 18 | $1.7M | $73K | 1 | — | 19 | 56 |
| FY2024 | 22 | $3.4M | $100K | 0 | — | 22 | 92 |
| FY2023 | 21 | $3.4M | $100K | 2 | — | 23 | 122 |
| FY2022 | 12 | $2.3M | $125K | 6 | $6.7M | 18 | 114 |
| FY2021 | 22 | $12.0M | $354K | 0 | — | 22 | 123 |
| FY2020 | 7 | $3.3M | $125K | 0 | — | 7 | 75 |
| FY2019 | 14 | $6.4M | $71K | 1 | — | 15 | 63 |
| FY2018 | 18 | $5.0M | $90K | 1 | — | 19 | 151 |
| FY2017 | 17 | $5.7M | $85K | 2 | — | 19 | 103 |
| FY2016 | 17 | $2.4M | $105K | 2 | — | 19 | 148 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 79 approvals.
Against New York and the country
| FY2021–FY2025 | Putnam County | New York | United States |
|---|---|---|---|
| Approvals | 104 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 36.3 | 38.1 | 41.0 |
| Median 7(a) approval | $100K | $130K | $190K |
| Median 504 approval | $367K | $685K | $657K |
| Average approval | $297K | $414K | $573K |
| 504 share of approvals | 8.7% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 4.9 | 8.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less29.8%31
- $50,001 to $150,00035.6%37
- $150,001 to $350,00014.4%15
- $350,001 to $1 million13.5%14
- $1 million to $2 million5.8%6
- Over $2 million1.0%1
Age of the businesses
- Existing, more than 2 years old64.4%67
- New business, 2 years or less13.5%14
- Startup, loan funds will open the business15.4%16
- Change of ownership6.7%7
Questions and answers
Which lenders make the most SBA loans in Putnam County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (25), TD Bank, National Association (9), Empire State Certified Development Corporation (8), KeyBank National Association (7), Webster Bank National Association (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Putnam County?
The median 7(a) approval was $100K and the median 504 approval $367K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Putnam County?
Residential Building Construction (8); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (7); Building Equipment Contractors (6); Restaurants and Other Eating Places (6); Building Finishing Contractors (5).
Is SBA lending in Putnam County rising?
Approvals in the three latest complete fiscal years total 64, against 47 in the three before: rising (+36%).
How does Putnam County compare with the rest of New York?
36.3 approvals per 1,000 establishments against 38.1 statewide, and 104 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