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County8th of 62 in New York by approvalsFIPS 36119
SBA loans in Westchester 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 Westchester County, New York, received 981 SBA loan approvals worth $396M in FY2021 to FY2025 (930 7(a), 51 504).
That is 31.5 approvals per 1,000 business establishments (31,174 establishments in 2023), below the New York figure of 38.1 and below the national 41.0.
It ranks 8th of 62 New York counties with approvals. In FY2025 there were 281, up 14% on FY2024.
95 lenders had approvals here; the most active were TD Bank, National Association (154), Manufacturers and Traders Trust Company (118) and JPMorgan Chase Bank, National Association (74). 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 Westchester County
By number of approvals to businesses in the county, FY2021–FY2025; 95 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 154 | $34.5M | 15.7% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 118 | $12.5M | 12.0% | |
| 3 | JPMorgan Chase Bank, National AssociationColumbus, OH | 74 | $15.6M | 7.5% | |
| 4 | KeyBank National AssociationCleveland, OH | 45 | $16.8M | 4.6% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 41 | $6.0M | 4.2% | |
| 6 | The Huntington National BankColumbus, OH | 39 | $11.3M | 4.0% | |
| 7 | Webster Bank National AssociationWaterbury, CT | 38 | $12.9M | 3.9% | |
| 8 | Empire State Certified Development CorporationLatham, NY · CDC | 37 | $36.5M | 3.8% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 37 | $13.0M | 3.8% | |
| 10 | Northeast BankLewiston, ME | 37 | $5.6M | 3.8% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 32 | $13.2M | 3.3% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 24 | $35.7M | 2.4% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 18 | $3.7M | 1.8% | |
| 14 | Lendistry SBLC, LLCLos Angeles, CA | 18 | $2.6M | 1.8% | |
| 15 | Bank of America, National AssociationCharlotte, NC | 17 | $10.6M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 86 | 8.8% | |
| 2 | Residential Building ConstructionNAICS 2361 | 43 | 4.4% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 37 | 3.8% | |
| 4 | Personal Care ServicesNAICS 8121 | 37 | 3.8% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 30 | 3.1% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 29 | 3.0% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 28 | 2.9% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 25 | 2.5% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 25 | 2.5% | |
| 10 | Legal ServicesNAICS 5411 | 24 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 150 | 15.3% | |
| 2 | Professional, Scientific, and Technical Services | 118 | 12.0% | |
| 3 | Retail Trade | 109 | 11.1% | |
| 4 | Accommodation and Food Services | 100 | 10.2% | |
| 5 | Health Care and Social Assistance | 89 | 9.1% | |
| 6 | Other Services (except Public Administration) | 82 | 8.4% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 69 | 7.0% | |
| 8 | Wholesale Trade | 59 | 6.0% |
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* | 156 | $47.2M | $125K | 9 | $13.8M | 165 | 1,165 |
| FY2025 | 271 | $92.9M | $150K | 10 | $8.7M | 281 | 2,604 |
| FY2024 | 237 | $76.7M | $103K | 9 | $12.1M | 246 | 1,835 |
| FY2023 | 188 | $70.0M | $140K | 7 | $6.5M | 195 | 1,505 |
| FY2022 | 119 | $33.3M | $100K | 15 | $16.2M | 134 | 826 |
| FY2021 | 115 | $73.7M | $350K | 10 | $6.3M | 125 | 1,433 |
| FY2020 | 86 | $43.9M | $200K | 6 | $4.0M | 92 | 737 |
| FY2019 | 135 | $39.8M | $150K | 5 | $6.1M | 140 | 865 |
| FY2018 | 189 | $41.9M | $125K | 8 | $4.5M | 197 | 1,257 |
| FY2017 | 206 | $63.6M | $100K | 7 | $10.0M | 213 | 1,415 |
| FY2016 | 167 | $62.8M | $140K | 13 | $9.4M | 180 | 1,689 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 822 approvals.
Against New York and the country
| FY2021–FY2025 | Westchester County | New York | United States |
|---|---|---|---|
| Approvals | 981 | 20,639 | 342,825 |
| Approvals per 1,000 establishments | 31.5 | 38.1 | 41.0 |
| Median 7(a) approval | $150K | $130K | $190K |
| Median 504 approval | $698K | $685K | $657K |
| Average approval | $404K | $414K | $573K |
| 504 share of approvals | 5.2% | 6.1% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 8.0 | 10.5 |
| Share of state approvals | 4.8% | 100.0% | — |
Approval sizes
- $50,000 or less26.9%264
- $50,001 to $150,00025.9%254
- $150,001 to $350,00019.7%193
- $350,001 to $1 million17.2%169
- $1 million to $2 million6.6%65
- Over $2 million3.7%36
Age of the businesses
- Existing, more than 2 years old69.8%685
- New business, 2 years or less14.3%140
- Startup, loan funds will open the business10.9%107
- Change of ownership4.9%48
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Westchester County?
By approvals in FY2021 to FY2025: TD Bank, National Association (154), Manufacturers and Traders Trust Company (118), JPMorgan Chase Bank, National Association (74), KeyBank National Association (45), BayFirst National Bank (41). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Westchester County?
The median 7(a) approval was $150K and the median 504 approval $698K; the New York 7(a) median was $130K.
Which industries get the most SBA loans in Westchester County?
Restaurants and Other Eating Places (86); Residential Building Construction (43); Services to Buildings and Dwellings (37); Personal Care Services (37); Offices of Other Health Practitioners (30).
Is SBA lending in Westchester County rising?
Approvals in the three latest complete fiscal years total 722, against 351 in the three before: rising (+106%).
How does Westchester County compare with the rest of New York?
31.5 approvals per 1,000 establishments against 38.1 statewide, and 981 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