Lenders › Chemung Canal Trust Company
7(a) lenderElmira, New YorkFDIC-insured bank361st of 2,184 by approvals
Chemung Canal Trust Company
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Chemung Canal Trust Company (Elmira, New York) is an FDIC-insured bank in the SBA 7(a) program, 361st of 2,184 by approvals in FY2021 to FY2025: 84 loans worth $11.6M.
In FY2025, the latest complete fiscal year, it had 6 approvals totalling $1.5M, down 62% on FY2024 (16). FY2026 to 30 Jun 2026 adds 3 more.
The median approval was $123K, against $190K for the 7(a) program as a whole; 70.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 16 counties, led by New York (96.4%) and Pennsylvania (3.6%). The largest industry group was accommodation and food services at 20.2% of approvals, and 2.4% of approvals were to franchise businesses.
Of 74 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 56 as paid in full and 18 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3 | $481K | $140K | $160K | 6 |
| FY2025 | 6 | $1.5M | $158K | $244K | 90 |
| FY2024 | 16 | $1.6M | $85K | $100K | 92 |
| FY2023 | 12 | $1.6M | $114K | $136K | 111 |
| FY2022 | 19 | $1.8M | $86K | $94K | 140 |
| FY2021 | 31 | $5.1M | $150K | $165K | 293 |
| FY2020 | 12 | $1.8M | $87K | $147K | 105 |
| FY2019 | 14 | $2.0M | $110K | $143K | 129 |
| FY2018 | 11 | $1.3M | $100K | $122K | 135 |
| FY2017 | 2 | — | — | — | 18 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 39 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New York | 7(a) program |
|---|---|---|---|
| Approvals in these years | 85 | 39,899 | 639,905 |
| Cancelled or never disbursed | 11 | 5,223 | 79,313 |
| Disbursed loans | 74 | 34,676 | 560,592 |
| Paid in full | 56 | 26,873 | 435,813 |
| Charged off | 0 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 18 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 0.0% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.0% | 3.2% | 2.5% |
| Dollars charged off | $0 | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 29 | 19 | 0 | — | 2.8% |
| FY2020 | 10 | 9 | 0 | — | 4.0% |
| FY2019 | 12 | 7 | 0 | — | 6.7% |
| FY2018 | 9 | 7 | 0 | — | 7.9% |
| FY2017 | 2 | 2 | 0 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 3 | 3 | 0 | — | 6.3% |
| FY2011 | 8 | 8 | 0 | — | 6.9% |
| FY2010 | 1 | 1 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $123K | $190K |
| Average approval | $138K | $518K |
| Approvals of $150,000 or less | 70.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 40.5% | 34.3% |
| Approvals to franchise businesses | 2.4% | 11.5% |
| Jobs supported per approval, as reported | 8.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 81 | $11.5M | 96.4% | |
| 2 | Pennsylvania | 3 | $107K | 3.6% |
In New York the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Chemung County, NY | 15 | $1.8M | 17.9% | |
| 2 | Albany County, NY | 14 | $2.2M | 16.7% | |
| 3 | Saratoga County, NY | 12 | $2.1M | 14.3% | |
| 4 | Rensselaer County, NY | 7 | $696K | 8.3% | |
| 5 | Steuben County, NY | 6 | $802K | 7.1% | |
| 6 | Columbia County, NY | 5 | $1.1M | 6.0% | |
| 7 | Onondaga County, NY | 5 | $520K | 6.0% | |
| 8 | Tioga County, NY | 4 | $490K | 4.8% | |
| 9 | Schuyler County, NY | 3 | $356K | 3.6% | |
| 10 | Erie County, NY | 3 | $310K | 3.6% | |
| 11 | Bradford County, PA | 3 | $107K | 3.6% | |
| 12 | Tompkins County, NY | 2 | — | 2.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 17 | 20.2% | |
| 2 | Manufacturing | 11 | 13.1% | |
| 3 | Professional, Scientific, and Technical Services | 9 | 10.7% | |
| 4 | Retail Trade | 8 | 9.5% | |
| 5 | Construction | 6 | 7.1% | |
| 6 | Other Services (except Public Administration) | 6 | 7.1% | |
| 7 | Real Estate and Rental and Leasing | 5 | 6.0% | |
| 8 | Utilities | 4 | 4.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 13.1% | |
| 2 | Printing and Related Support ActivitiesNAICS 3231 | 7 | 8.3% | |
| 3 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 6 | 7.1% | |
| 4 | Electric Power Generation, Transmission and DistributionNAICS 2211 | 4 | 4.8% | |
| 5 | Lessors of Real EstateNAICS 5311 | 3 | 3.6% | |
| 6 | Personal Care ServicesNAICS 8121 | 3 | 3.6% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 3 | 3.6% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 2 | 2.4% | |
| 9 | Office Supplies, Stationery, and Gift StoresNAICS 4532 | 2 | 2.4% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 2 | 2.4% |
Approval sizes
- $50,000 or less29.8%25
- $50,001 to $150,00040.5%34
- $150,001 to $350,00025.0%21
- $350,001 to $1 million4.8%4
Loan terms
- 5 years or less35.7%30
- Over 5 to 10 years52.4%44
- Over 10 to 20 years11.9%10
Age of the businesses
- Existing, more than 2 years old53.6%45
- New business, 2 years or less19.0%16
- Startup, loan funds will open the business21.4%18
- Change of ownership6.0%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 84 | 100.0% |
Franchise share
2 of 84 approvals in FY2021–FY2025 (2.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Journey 333 | 2 | 2.4% |
Questions and answers
How many SBA loans does Chemung Canal Trust Company make?
SBA approved 6 7(a) loans through Chemung Canal Trust Company in FY2025, worth $1.5M, and 84 over FY2021 to FY2025. That ranks 361st of 2,184 active 7(a) lenders by number of approvals.
How large are Chemung Canal Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $123K and the average $138K. The program-wide median was $190K.
What is Chemung Canal Trust Company's charge-off rate?
Of 74 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 56 as paid in full and 18 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Chemung Canal Trust Company lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (11); printing and related support activities (7); drinking places (alcoholic beverages) (6); electric power generation, transmission and distribution (4).
Where does Chemung Canal Trust Company make SBA loans?
In 2 states and territories. New York 81, Pennsylvania 3. In New York it accounts for 0.4% of all 7(a) approvals.
Is Chemung Canal Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 34, against 62 in the three before: falling (-45%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error