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County13th of 62 in New York by approvalsFIPS 36085
SBA loans in Richmond 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 389 loans to businesses in Richmond County, New York, in FY2021 to FY2025, worth $140M: 373 under 7(a) and 16 under 504.
That is 40.2 approvals per 1,000 business establishments (9,684 establishments in 2023), close to the New York figure of 38.1 and close to the national 41.0.
It ranks 13th of 62 New York counties with approvals. In FY2025 there were 106, about level with FY2024.
53 lenders had approvals here; the most active were TD Bank, National Association (161), JPMorgan Chase Bank, National Association (33) and Manufacturers and Traders Trust Company (31). 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 Richmond County
By number of approvals to businesses in the county, FY2021–FY2025; 53 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 161 | $16.9M | 41.4% | |
| 2 | JPMorgan Chase Bank, National AssociationColumbus, OH | 33 | $7.2M | 8.5% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 31 | $3.6M | 8.0% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 15 | $5.5M | 3.9% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 15 | $1.8M | 3.9% | |
| 6 | Northeast BankLewiston, ME | 11 | $1.3M | 2.8% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 10 | $3.0M | 2.6% | |
| 8 | Empire State Certified Development CorporationLatham, NY · CDC | 8 | $13.3M | 2.1% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 8 | $4.9M | 2.1% | |
| 10 | Santander Bank, National AssociationWilmington, DE | 8 | $892K | 2.1% | |
| 11 | NewBankFlushing, NY | 6 | $18.3M | 1.5% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 6 | $631K | 1.5% | |
| 13 | Lendistry SBLC, LLCLos Angeles, CA | 5 | $956K | 1.3% | |
| 14 | Metro City BankDoraville, GA | 4 | $7.6M | 1.0% | |
| 15 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 4 | $7.5M | 1.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 27 | 6.9% | |
| 2 | Residential Building ConstructionNAICS 2361 | 24 | 6.2% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 21 | 5.4% | |
| 4 | General Freight TruckingNAICS 4841 | 14 | 3.6% | |
| 5 | Offices of DentistsNAICS 6212 | 11 | 2.8% | |
| 6 | Taxi and Limousine ServiceNAICS 4853 | 11 | 2.8% | |
| 7 | Grocery StoresNAICS 4451 | 10 | 2.6% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 2.6% | |
| 9 | Nonresidential Building ConstructionNAICS 2362 | 10 | 2.6% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 9 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 67 | 17.2% | |
| 2 | Retail Trade | 60 | 15.4% | |
| 3 | Professional, Scientific, and Technical Services | 41 | 10.5% | |
| 4 | Accommodation and Food Services | 36 | 9.3% | |
| 5 | Health Care and Social Assistance | 35 | 9.0% | |
| 6 | Other Services (except Public Administration) | 34 | 8.7% | |
| 7 | Wholesale Trade | 31 | 8.0% | |
| 8 | Transportation and Warehousing | 31 | 8.0% |
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* | 66 | $15.9M | $100K | 3 | $7.0M | 69 | 374 |
| FY2025 | 101 | $24.2M | $130K | 5 | $6.7M | 106 | 479 |
| FY2024 | 103 | $17.8M | $75K | 3 | $5.1M | 106 | 472 |
| FY2023 | 79 | $26.0M | $100K | 0 | — | 79 | 507 |
| FY2022 | 59 | $26.1M | $60K | 6 | $9.7M | 65 | 340 |
| FY2021 | 31 | $23.7M | $100K | 2 | — | 33 | 226 |
| FY2020 | 26 | $11.2M | $133K | 3 | $1.8M | 29 | 168 |
| FY2019 | 58 | $14.7M | $67K | 1 | — | 59 | 479 |
| FY2018 | 95 | $18.4M | $55K | 3 | $2.7M | 98 | 529 |
| FY2017 | 71 | $31.0M | $100K | 3 | $3.3M | 74 | 666 |
| FY2016 | 44 | $14.8M | $100K | 0 | — | 44 | 222 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 304 approvals.
Against New York and the country
| FY2021–FY2025 | Richmond County | New York | United States |
|---|---|---|---|
| Approvals | 389 | 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 | $825K | $685K | $657K |
| Average approval | $361K | $414K | $573K |
| 504 share of approvals | 4.1% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 5.2 | 8.0 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less37.3%145
- $50,001 to $150,00028.8%112
- $150,001 to $350,00010.8%42
- $350,001 to $1 million15.2%59
- $1 million to $2 million3.9%15
- Over $2 million4.1%16
Age of the businesses
- Existing, more than 2 years old74.0%288
- New business, 2 years or less18.0%70
- Startup, loan funds will open the business6.4%25
- Change of ownership1.5%6
Questions and answers
Which lenders make the most SBA loans in Richmond County?
By approvals in FY2021 to FY2025: TD Bank, National Association (161), JPMorgan Chase Bank, National Association (33), Manufacturers and Traders Trust Company (31), Readycap Lending, LLC (15), BayFirst National Bank (15). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Richmond County?
The median 7(a) approval was $100K and the median 504 approval $825K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Richmond County?
Restaurants and Other Eating Places (27); Residential Building Construction (24); Building Equipment Contractors (21); General Freight Trucking (14); Offices of Dentists (11).
Is SBA lending in Richmond County rising?
Approvals in the three latest complete fiscal years total 291, against 127 in the three before: rising (+129%).
How does Richmond County compare with the rest of New York?
40.2 approvals per 1,000 establishments against 38.1 statewide, and 389 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