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County21st of 62 in New York by approvalsFIPS 36083
SBA loans in Rensselaer 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 128 loans to businesses in Rensselaer County, New York, in FY2021 to FY2025, worth $37.5M: 119 under 7(a) and 9 under 504.
That is 42.9 approvals per 1,000 business establishments (2,985 establishments in 2023), close to the New York figure of 38.1 and close to the national 41.0.
It ranks 21st of 62 New York counties with approvals. In FY2025 there were 26, down 24% on FY2024.
24 lenders had approvals here; the most active were KeyBank National Association (20), Manufacturers and Traders Trust Company (20) and TD Bank, National Association (15). The most common industry was other specialty trade contractors.
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 Rensselaer County
By number of approvals to businesses in the county, FY2021–FY2025; 24 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | KeyBank National AssociationCleveland, OH | 20 | $2.6M | 15.6% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 20 | $1.6M | 15.6% | |
| 3 | TD Bank, National AssociationWilmington, DE | 15 | $830K | 11.7% | |
| 4 | NBT Bank, National AssociationNorwich, NY | 11 | $7.0M | 8.6% | |
| 5 | Empire State Certified Development CorporationLatham, NY · CDC | 9 | $6.9M | 7.0% | |
| 6 | Arrow Bank National AssociationGlens Falls, NY | 9 | $793K | 7.0% | |
| 7 | Chemung Canal Trust CompanyElmira, NY | 7 | $696K | 5.5% | |
| 8 | Beacon Bank and TrustBrookline, MA | 5 | $220K | 3.9% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 4 | $600K | 3.1% | |
| 10 | Peapack Private Bank and TrustBedminster, NJ | 3 | $3.6M | 2.3% | |
| 11 | New York Business Development CorporationLatham, NY | 3 | $1.8M | 2.3% | |
| 12 | Northeast BankLewiston, ME | 3 | $678K | 2.3% | |
| 13 | The Bank of BenningtonBennington, VT | 3 | $355K | 2.3% | |
| 14 | Webster Bank National AssociationWaterbury, CT | 2 | — | 1.6% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 10 | 7.8% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 9 | 7.0% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 9 | 7.0% | |
| 4 | Architectural, Engineering, and Related ServicesNAICS 5413 | 8 | 6.3% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 3.9% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 3.9% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 3.9% | |
| 8 | Residential Building ConstructionNAICS 2361 | 5 | 3.9% | |
| 9 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 3.1% | |
| 10 | Personal Care ServicesNAICS 8121 | 4 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 32 | 25.0% | |
| 2 | Retail Trade | 19 | 14.8% | |
| 3 | Professional, Scientific, and Technical Services | 14 | 10.9% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 13 | 10.2% | |
| 5 | Other Services (except Public Administration) | 12 | 9.4% | |
| 6 | Manufacturing | 11 | 8.6% | |
| 7 | Accommodation and Food Services | 9 | 7.0% | |
| 8 | Health Care and Social Assistance | 5 | 3.9% |
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* | 15 | $1.2M | $45K | 2 | — | 17 | 87 |
| FY2025 | 25 | $8.5M | $68K | 1 | — | 26 | 256 |
| FY2024 | 33 | $6.7M | $100K | 1 | — | 34 | 283 |
| FY2023 | 16 | $4.5M | $95K | 2 | — | 18 | 53 |
| FY2022 | 27 | $7.8M | $125K | 3 | $1.2M | 30 | 395 |
| FY2021 | 18 | $3.2M | $63K | 2 | — | 20 | 228 |
| FY2020 | 10 | $4.7M | $216K | 2 | — | 12 | 45 |
| FY2019 | 21 | $8.1M | $150K | 1 | — | 22 | 332 |
| FY2018 | 21 | $4.0M | $125K | 3 | $3.2M | 24 | 124 |
| FY2017 | 30 | $16.7M | $100K | 2 | — | 32 | 161 |
| FY2016 | 46 | $6.1M | $50K | 1 | — | 47 | 370 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 137 approvals.
Against New York and the country
| FY2021–FY2025 | Rensselaer County | New York | United States |
|---|---|---|---|
| Approvals | 128 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 42.9 | 38.1 | 41.0 |
| Median 7(a) approval | $85K | $130K | $190K |
| Median 504 approval | $565K | $685K | $657K |
| Average approval | $293K | $414K | $573K |
| 504 share of approvals | 7.0% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 8.0 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less38.3%49
- $50,001 to $150,00025.0%32
- $150,001 to $350,00017.2%22
- $350,001 to $1 million15.6%20
- $1 million to $2 million1.6%2
- Over $2 million2.3%3
Age of the businesses
- Existing, more than 2 years old51.6%66
- New business, 2 years or less24.2%31
- Startup, loan funds will open the business14.8%19
- Change of ownership9.4%12
Questions and answers
Which lenders make the most SBA loans in Rensselaer County?
By approvals in FY2021 to FY2025: KeyBank National Association (20), Manufacturers and Traders Trust Company (20), TD Bank, National Association (15), NBT Bank, National Association (11), Empire State Certified Development Corporation (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Rensselaer County?
The median 7(a) approval was $85K and the median 504 approval $565K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Rensselaer County?
Other Specialty Trade Contractors (10); Services to Buildings and Dwellings (9); Building Equipment Contractors (9); Architectural, Engineering, and Related Services (8); Beer, Wine, and Liquor Stores (5).
Is SBA lending in Rensselaer County rising?
Approvals in the three latest complete fiscal years total 78, against 62 in the three before: rising (+26%).
How does Rensselaer County compare with the rest of New York?
42.9 approvals per 1,000 establishments against 38.1 statewide, and 128 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