States › New York › Queens County
County5th of 62 in New York by approvalsFIPS 36081
SBA loans in Queens 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 Queens County, New York, received 1,724 SBA loan approvals worth $754M in FY2021 to FY2025 (1,637 7(a), 87 504).
That is 33.7 approvals per 1,000 business establishments (51,188 establishments in 2023), close to the New York figure of 38.1 and below the national 41.0.
It ranks 5th of 62 New York counties with approvals. In FY2025 there were 465, about level with FY2024.
99 lenders had approvals here; the most active were TD Bank, National Association (528), JPMorgan Chase Bank, National Association (183) and Newtek Bank, National Association (85). 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 Queens County
By number of approvals to businesses in the county, FY2021–FY2025; 99 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 528 | $54.8M | 30.6% | |
| 2 | JPMorgan Chase Bank, National AssociationColumbus, OH | 183 | $38.0M | 10.6% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 85 | $25.8M | 4.9% | |
| 4 | Manufacturers and Traders Trust CompanyBuffalo, NY | 81 | $10.8M | 4.7% | |
| 5 | Northeast BankLewiston, ME | 73 | $13.2M | 4.2% | |
| 6 | Empire State Certified Development CorporationLatham, NY · CDC | 69 | $95.9M | 4.0% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 56 | $7.4M | 3.2% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 51 | $14.5M | 3.0% | |
| 9 | NewBankFlushing, NY | 44 | $68.5M | 2.6% | |
| 10 | Lendistry SBLC, LLCLos Angeles, CA | 43 | $6.9M | 2.5% | |
| 11 | Bank of HopeLos Angeles, CA | 40 | $37.9M | 2.3% | |
| 12 | The Huntington National BankColumbus, OH | 36 | $9.0M | 2.1% | |
| 13 | Webster Bank National AssociationWaterbury, CT | 32 | $12.4M | 1.9% | |
| 14 | Citibank, N.A.Sioux Falls, SD | 23 | $2.9M | 1.3% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 20 | $10.0M | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 137 | 7.9% | |
| 2 | Residential Building ConstructionNAICS 2361 | 92 | 5.3% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 70 | 4.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 60 | 3.5% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 58 | 3.4% | |
| 6 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 53 | 3.1% | |
| 7 | Personal Care ServicesNAICS 8121 | 49 | 2.8% | |
| 8 | Grocery StoresNAICS 4451 | 45 | 2.6% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 43 | 2.5% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 40 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 292 | 16.9% | |
| 2 | Retail Trade | 214 | 12.4% | |
| 3 | Professional, Scientific, and Technical Services | 184 | 10.7% | |
| 4 | Accommodation and Food Services | 177 | 10.3% | |
| 5 | Other Services (except Public Administration) | 163 | 9.5% | |
| 6 | Wholesale Trade | 154 | 8.9% | |
| 7 | Health Care and Social Assistance | 148 | 8.6% | |
| 8 | Transportation and Warehousing | 91 | 5.3% |
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* | 194 | $84.4M | $198K | 7 | $8.4M | 201 | 1,634 |
| FY2025 | 453 | $163M | $148K | 12 | $18.7M | 465 | 3,492 |
| FY2024 | 421 | $130M | $100K | 16 | $20.2M | 437 | 2,805 |
| FY2023 | 359 | $84.7M | $90K | 13 | $17.9M | 372 | 2,307 |
| FY2022 | 216 | $100M | $100K | 24 | $37.3M | 240 | 1,443 |
| FY2021 | 188 | $150M | $348K | 22 | $32.2M | 210 | 1,982 |
| FY2020 | 163 | $69.8M | $150K | 17 | $27.2M | 180 | 1,439 |
| FY2019 | 324 | $140M | $100K | 10 | $9.0M | 334 | 2,383 |
| FY2018 | 378 | $127M | $84K | 21 | $34.4M | 399 | 2,220 |
| FY2017 | 435 | $145M | $90K | 20 | $20.4M | 455 | 3,003 |
| FY2016 | 262 | $99.8M | $100K | 16 | $20.0M | 278 | 2,059 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,646 approvals.
Against New York and the country
| FY2021–FY2025 | Queens County | New York | United States |
|---|---|---|---|
| Approvals | 1,724 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 33.7 | 38.1 | 41.0 |
| Median 7(a) approval | $103K | $130K | $190K |
| Median 504 approval | $1.1M | $685K | $657K |
| Average approval | $437K | $414K | $573K |
| 504 share of approvals | 5.0% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 7.0 | 8.0 | 10.5 |
| Share of state approvals | 8.4% | 100.0% | — |
Approval sizes
- $50,000 or less29.9%515
- $50,001 to $150,00028.5%492
- $150,001 to $350,00017.0%293
- $350,001 to $1 million12.6%218
- $1 million to $2 million6.4%110
- Over $2 million5.6%96
Age of the businesses
- Existing, more than 2 years old76.0%1,310
- New business, 2 years or less15.7%270
- Startup, loan funds will open the business6.5%112
- Change of ownership1.8%31
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Queens County?
By approvals in FY2021 to FY2025: TD Bank, National Association (528), JPMorgan Chase Bank, National Association (183), Newtek Bank, National Association (85), Manufacturers and Traders Trust Company (81), Northeast Bank (73). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Queens County?
The median 7(a) approval was $103K and the median 504 approval $1.1M; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Queens County?
Restaurants and Other Eating Places (137); Residential Building Construction (92); Building Equipment Contractors (70); Offices of Other Health Practitioners (60); Management, Scientific, and Technical Consulting Services (58).
Is SBA lending in Queens County rising?
Approvals in the three latest complete fiscal years total 1,274, against 630 in the three before: rising (+102%).
How does Queens County compare with the rest of New York?
33.7 approvals per 1,000 establishments against 38.1 statewide, and 1,724 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