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County27th of 62 in New York by approvalsFIPS 36101
SBA loans in Steuben 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 93 loans to businesses in Steuben County, New York, in FY2021 to FY2025, worth $27.7M: 93 under 7(a) and 0 under 504.
That is 53.2 approvals per 1,000 business establishments (1,749 establishments in 2023), above the New York figure of 38.1 and above the national 41.0.
It ranks 27th of 62 New York counties with approvals. In FY2025 there were 23, down 8% on FY2024.
23 lenders had approvals here; the most active were Five Star Bank (35), First Heritage Federal Credit Union (15) and Chemung Canal Trust Company (6). 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 Steuben County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Five Star BankRochester, NY | 35 | $1.8M | 37.6% | |
| 2 | First Heritage Federal Credit UnionCorning, NY | 15 | $3.8M | 16.1% | |
| 3 | Chemung Canal Trust CompanyElmira, NY | 6 | $802K | 6.5% | |
| 4 | Northeast BankLewiston, ME | 5 | $915K | 5.4% | |
| 5 | Manufacturers and Traders Trust CompanyBuffalo, NY | 5 | $465K | 5.4% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 3 | $650K | 3.2% | |
| 7 | KeyBank National AssociationCleveland, OH | 3 | $150K | 3.2% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.2% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.2% | |
| 10 | ESL FCURochester, NY | 2 | — | 2.2% | |
| 11 | Community Bank, National AssociationCanton, NY | 2 | — | 2.2% | |
| 12 | Corning FCUCorning, NY | 2 | — | 2.2% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.1% | |
| 14 | The Lyons National BankLyons, NY | 1 | — | 1.1% | |
| 15 | US Metro BankGarden Grove, CA | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 15.1% | |
| 2 | General Freight TruckingNAICS 4841 | 8 | 8.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 7 | 7.5% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 6.5% | |
| 5 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 5 | 5.4% | |
| 6 | Beverage ManufacturingNAICS 3121 | 4 | 4.3% | |
| 7 | Residential Building ConstructionNAICS 2361 | 4 | 4.3% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.2% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.2% | |
| 10 | Cattle Ranching and FarmingNAICS 1121 | 3 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 23 | 24.7% | |
| 2 | Construction | 16 | 17.2% | |
| 3 | Transportation and Warehousing | 10 | 10.8% | |
| 4 | Other Services (except Public Administration) | 9 | 9.7% | |
| 5 | Retail Trade | 8 | 8.6% | |
| 6 | Manufacturing | 7 | 7.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 4.3% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 4 | 4.3% |
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* | 8 | $4.8M | $186K | 0 | — | 8 | 75 |
| FY2025 | 23 | $10.6M | $157K | 0 | — | 23 | 159 |
| FY2024 | 25 | $8.8M | $54K | 0 | — | 25 | 140 |
| FY2023 | 15 | $2.2M | $127K | 0 | — | 15 | 119 |
| FY2022 | 13 | $2.1M | $60K | 0 | — | 13 | 64 |
| FY2021 | 17 | $3.9M | $90K | 0 | — | 17 | 113 |
| FY2020 | 9 | $688K | $34K | 0 | — | 9 | 25 |
| FY2019 | 21 | $8.3M | $60K | 0 | — | 21 | 70 |
| FY2018 | 23 | $1.2M | $30K | 1 | — | 24 | 138 |
| FY2017 | 34 | $2.4M | $35K | 0 | — | 34 | 167 |
| FY2016 | 45 | $3.6M | $50K | 0 | — | 45 | 176 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 133 approvals.
Against New York and the country
| FY2021–FY2025 | Steuben County | New York | United States |
|---|---|---|---|
| Approvals | 93 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 53.2 | 38.1 | 41.0 |
| Median 7(a) approval | $95K | $130K | $190K |
| Median 504 approval | — | $685K | $657K |
| Average approval | $297K | $414K | $573K |
| 504 share of approvals | 0.0% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 6.4 | 8.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less38.7%36
- $50,001 to $150,00026.9%25
- $150,001 to $350,00018.3%17
- $350,001 to $1 million9.7%9
- $1 million to $2 million3.2%3
- Over $2 million3.2%3
Age of the businesses
- Existing, more than 2 years old55.9%52
- New business, 2 years or less14.0%13
- Startup, loan funds will open the business17.2%16
- Change of ownership12.9%12
Questions and answers
Which lenders make the most SBA loans in Steuben County?
By approvals in FY2021 to FY2025: Five Star Bank (35), First Heritage Federal Credit Union (15), Chemung Canal Trust Company (6), Northeast Bank (5), Manufacturers and Traders Trust Company (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Steuben County?
The median 7(a) approval was $95K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Steuben County?
Restaurants and Other Eating Places (14); General Freight Trucking (8); Building Equipment Contractors (7); Automotive Repair and Maintenance (6); Drinking Places (Alcoholic Beverages) (5).
Is SBA lending in Steuben County rising?
Approvals in the three latest complete fiscal years total 63, against 39 in the three before: rising (+62%).
How does Steuben County compare with the rest of New York?
53.2 approvals per 1,000 establishments against 38.1 statewide, and 93 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