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County39th of 62 in New York by approvalsFIPS 36109
SBA loans in Tompkins 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 Tompkins County, New York, received 55 SBA loan approvals worth $27.9M in FY2021 to FY2025 (51 7(a), 4 504).
That is 24.7 approvals per 1,000 business establishments (2,230 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 39th of 62 New York counties with approvals. In FY2025 there were 22, up 69% on FY2024.
19 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (16), Tompkins Community Bank (11) and Empire State Certified Development Corporation (4). 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 Tompkins County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 16 | $1.1M | 29.1% | |
| 2 | Tompkins Community BankIthaca, NY | 11 | $1.1M | 20.0% | |
| 3 | Empire State Certified Development CorporationLatham, NY · CDC | 4 | $2.6M | 7.3% | |
| 4 | Northeast BankLewiston, ME | 4 | $365K | 7.3% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $590K | 5.5% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 3.6% | |
| 7 | New York Business Development CorporationLatham, NY | 2 | — | 3.6% | |
| 8 | Chemung Canal Trust CompanyElmira, NY | 2 | — | 3.6% | |
| 9 | Valley National BankPassaic, NJ | 1 | — | 1.8% | |
| 10 | Americu CURome, NY | 1 | — | 1.8% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.8% | |
| 12 | The Huntington National BankColumbus, OH | 1 | — | 1.8% | |
| 13 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 1.8% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 1.8% | |
| 15 | Paragon BankMemphis, TN | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 14.5% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 6 | 10.9% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 5.5% | |
| 4 | Residential Building ConstructionNAICS 2361 | 3 | 5.5% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 3.6% | |
| 6 | Grocery StoresNAICS 4451 | 2 | 3.6% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 3.6% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.6% | |
| 9 | Automobile DealersNAICS 4411 | 2 | 3.6% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 2 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 20.0% | |
| 2 | Retail Trade | 9 | 16.4% | |
| 3 | Construction | 9 | 16.4% | |
| 4 | Health Care and Social Assistance | 7 | 12.7% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 10.9% | |
| 6 | Other Services (except Public Administration) | 3 | 5.5% | |
| 7 | Manufacturing | 2 | 3.6% | |
| 8 | Arts, Entertainment, and Recreation | 2 | 3.6% |
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* | 14 | $4.5M | $150K | 0 | — | 14 | 147 |
| FY2025 | 21 | $2.3M | $65K | 1 | — | 22 | 160 |
| FY2024 | 13 | $6.5M | $48K | 0 | — | 13 | 151 |
| FY2023 | 4 | $2.8M | $563K | 1 | — | 5 | 86 |
| FY2022 | 6 | $10.4M | $825K | 1 | — | 7 | 41 |
| FY2021 | 7 | $3.3M | $125K | 1 | — | 8 | 40 |
| FY2020 | 7 | $2.4M | $15K | 0 | — | 7 | 45 |
| FY2019 | 15 | $9.9M | $80K | 1 | — | 16 | 133 |
| FY2018 | 18 | $3.8M | $38K | 1 | — | 19 | 278 |
| FY2017 | 17 | $2.3M | $91K | 0 | — | 17 | 107 |
| FY2016 | 21 | $6.5M | $75K | 0 | — | 21 | 139 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 80 approvals.
Against New York and the country
| FY2021–FY2025 | Tompkins County | New York | United States |
|---|---|---|---|
| Approvals | 55 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 24.7 | 38.1 | 41.0 |
| Median 7(a) approval | $75K | $130K | $190K |
| Median 504 approval | $615K | $685K | $657K |
| Average approval | $508K | $414K | $573K |
| 504 share of approvals | 7.3% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 8.7 | 8.0 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less38.2%21
- $50,001 to $150,00021.8%12
- $150,001 to $350,00014.5%8
- $350,001 to $1 million12.7%7
- $1 million to $2 million5.5%3
- Over $2 million7.3%4
Age of the businesses
- Existing, more than 2 years old61.8%34
- New business, 2 years or less10.9%6
- Startup, loan funds will open the business18.2%10
- Change of ownership9.1%5
Questions and answers
Which lenders make the most SBA loans in Tompkins County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (16), Tompkins Community Bank (11), Empire State Certified Development Corporation (4), Northeast Bank (4), Readycap Lending, LLC (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Tompkins County?
The median 7(a) approval was $75K and the median 504 approval $615K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Tompkins County?
Restaurants and Other Eating Places (8); Offices of Other Health Practitioners (6); Other Specialty Trade Contractors (3); Residential Building Construction (3); Traveler Accommodation (2).
Is SBA lending in Tompkins County rising?
Approvals in the three latest complete fiscal years total 40, against 22 in the three before: rising (+82%).
How does Tompkins County compare with the rest of New York?
24.7 approvals per 1,000 establishments against 38.1 statewide, and 55 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