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County26th of 62 in New York by approvalsFIPS 36093
SBA loans in Schenectady 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 Schenectady County, New York, received 98 SBA loan approvals worth $45.6M in FY2021 to FY2025 (82 7(a), 16 504).
That is 33.7 approvals per 1,000 business establishments (2,911 establishments in 2023), close to the New York figure of 38.1 and below the national 41.0.
It ranks 26th of 62 New York counties with approvals. In FY2025 there were 22, down 8% on FY2024.
26 lenders had approvals here; the most active were KeyBank National Association (17), Empire State Certified Development Corporation (15) and Manufacturers and Traders Trust Company (11). 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 Schenectady County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | KeyBank National AssociationCleveland, OH | 17 | $5.0M | 17.3% | |
| 2 | Empire State Certified Development CorporationLatham, NY · CDC | 15 | $11.5M | 15.3% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 11 | $730K | 11.2% | |
| 4 | TD Bank, National AssociationWilmington, DE | 10 | $1.6M | 10.2% | |
| 5 | Beacon Bank and TrustBrookline, MA | 7 | $2.5M | 7.1% | |
| 6 | Northeast BankLewiston, ME | 5 | $1.0M | 5.1% | |
| 7 | Bank of America, National AssociationCharlotte, NC | 3 | $1.9M | 3.1% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 3 | $1.6M | 3.1% | |
| 9 | NBT Bank, National AssociationNorwich, NY | 3 | $960K | 3.1% | |
| 10 | New York Business Development CorporationLatham, NY | 3 | $940K | 3.1% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.0% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.0% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.0% | |
| 14 | Arrow Bank National AssociationGlens Falls, NY | 2 | — | 2.0% | |
| 15 | Empire State Certified Development CorporationLatham, NY | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 11.2% | |
| 2 | Architectural and Structural Metals ManufacturingNAICS 3323 | 6 | 6.1% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 6 | 6.1% | |
| 4 | Residential Building ConstructionNAICS 2361 | 4 | 4.1% | |
| 5 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 3.1% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.1% | |
| 7 | Other Personal ServicesNAICS 8129 | 3 | 3.1% | |
| 8 | Personal Care ServicesNAICS 8121 | 3 | 3.1% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.1% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 2 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 17 | 17.3% | |
| 2 | Accommodation and Food Services | 13 | 13.3% | |
| 3 | Construction | 12 | 12.2% | |
| 4 | Manufacturing | 12 | 12.2% | |
| 5 | Professional, Scientific, and Technical Services | 11 | 11.2% | |
| 6 | Other Services (except Public Administration) | 11 | 11.2% | |
| 7 | Wholesale Trade | 7 | 7.1% | |
| 8 | Transportation and Warehousing | 5 | 5.1% |
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* | 10 | $987K | $40K | 2 | — | 12 | 40 |
| FY2025 | 20 | $12.4M | $182K | 2 | — | 22 | 183 |
| FY2024 | 19 | $5.1M | $63K | 5 | $3.0M | 24 | 152 |
| FY2023 | 13 | $1.8M | $45K | 2 | — | 15 | 70 |
| FY2022 | 17 | $6.4M | $250K | 4 | $4.4M | 21 | 237 |
| FY2021 | 13 | $6.8M | $160K | 3 | $2.2M | 16 | 97 |
| FY2020 | 9 | $3.6M | $64K | 1 | — | 10 | 139 |
| FY2019 | 16 | $3.9M | $110K | 1 | — | 17 | 98 |
| FY2018 | 25 | $6.5M | $100K | 7 | $5.2M | 32 | 284 |
| FY2017 | 30 | $7.4M | $125K | 1 | — | 31 | 176 |
| FY2016 | 36 | $4.1M | $100K | 1 | — | 37 | 153 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 127 approvals.
Against New York and the country
| FY2021–FY2025 | Schenectady County | New York | United States |
|---|---|---|---|
| Approvals | 98 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 33.7 | 38.1 | 41.0 |
| Median 7(a) approval | $143K | $130K | $190K |
| Median 504 approval | $686K | $685K | $657K |
| Average approval | $466K | $414K | $573K |
| 504 share of approvals | 16.3% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 8.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less27.6%27
- $50,001 to $150,00018.4%18
- $150,001 to $350,00020.4%20
- $350,001 to $1 million22.4%22
- $1 million to $2 million6.1%6
- Over $2 million5.1%5
Age of the businesses
- Existing, more than 2 years old51.0%50
- New business, 2 years or less26.5%26
- Startup, loan funds will open the business19.4%19
- Change of ownership3.1%3
Questions and answers
Which lenders make the most SBA loans in Schenectady County?
By approvals in FY2021 to FY2025: KeyBank National Association (17), Empire State Certified Development Corporation (15), Manufacturers and Traders Trust Company (11), TD Bank, National Association (10), Beacon Bank and Trust (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Schenectady County?
The median 7(a) approval was $143K and the median 504 approval $686K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Schenectady County?
Restaurants and Other Eating Places (11); Architectural and Structural Metals Manufacturing (6); Beer, Wine, and Liquor Stores (6); Residential Building Construction (4); Computer Systems Design and Related Services (3).
Is SBA lending in Schenectady County rising?
Approvals in the three latest complete fiscal years total 61, against 47 in the three before: rising (+30%).
How does Schenectady County compare with the rest of New York?
33.7 approvals per 1,000 establishments against 38.1 statewide, and 98 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