Lenders › NBT Bank, National Association
7(a) lenderNorwich, New YorkFDIC-insured bank201st of 2,184 by approvals
NBT Bank, National Association
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.
In FY2021 to FY2025 SBA approved 191 7(a) loans, worth $67.3M, through NBT Bank, National Association of Norwich, New York, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 201st among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 26 approvals totalling $7.2M, down 43% on FY2024 (46). FY2026 to 30 Jun 2026 adds 21 more.
The median approval was $200K, against $190K for the 7(a) program as a whole; 37.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 45 counties, led by New York (79.1%), New Hampshire (7.3%) and Connecticut (4.2%). The largest industry group was retail trade at 19.9% of approvals, and 3.1% of approvals were to franchise businesses.
Of 1,067 disbursed loans approved in FY2010 to FY2021, SBA records 61 as charged off (5.7%), 896 as paid in full and 110 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 21 | $8.6M | $250K | $408K | 127 |
| FY2025 | 26 | $7.2M | $190K | $276K | 189 |
| FY2024 | 46 | $13.1M | $216K | $285K | 656 |
| FY2023 | 38 | $10.0M | $200K | $264K | 418 |
| FY2022 | 41 | $21.7M | $248K | $528K | 594 |
| FY2021 | 40 | $15.3M | $185K | $382K | 362 |
| FY2020 | 35 | $10.3M | $195K | $296K | 559 |
| FY2019 | 69 | $15.7M | $70K | $227K | 789 |
| FY2018 | 78 | $10.7M | $68K | $137K | 583 |
| FY2017 | 85 | $23.0M | $120K | $271K | 580 |
| FY2016 | 107 | $20.3M | $80K | $190K | 1,305 |
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 374 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 | 1,217 | 39,899 | 639,905 |
| Cancelled or never disbursed | 150 | 5,223 | 79,313 |
| Disbursed loans | 1,067 | 34,676 | 560,592 |
| Paid in full | 896 | 26,873 | 435,813 |
| Charged off | 61 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 110 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 5.7% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.1% | 3.2% | 2.5% |
| Dollars charged off | $8.5M | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 37 | 16 | 0 | 0.0% | 2.8% |
| FY2020 | 32 | 20 | 0 | 0.0% | 4.0% |
| FY2019 | 59 | 46 | 0 | 0.0% | 6.7% |
| FY2018 | 75 | 57 | 4 | 5.3% | 7.9% |
| FY2017 | 76 | 62 | 4 | 5.3% | 7.7% |
| FY2016 | 94 | 77 | 1 | 1.1% | 7.2% |
| FY2015 | 92 | 80 | 3 | 3.3% | 6.9% |
| FY2014 | 88 | 76 | 7 | 8.0% | 6.4% |
| FY2013 | 103 | 88 | 13 | 12.6% | 6.0% |
| FY2012 | 124 | 111 | 10 | 8.1% | 6.3% |
| FY2011 | 168 | 154 | 10 | 6.0% | 6.9% |
| FY2010 | 119 | 109 | 9 | 7.6% | 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 | $200K | $190K |
| Average approval | $352K | $518K |
| Approvals of $150,000 or less | 37.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 37.7% | 34.3% |
| Approvals to franchise businesses | 3.1% | 11.5% |
| Jobs supported per approval, as reported | 11.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.7% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 151 | $49.9M | 79.1% | |
| 2 | New Hampshire | 14 | $2.8M | 7.3% | |
| 3 | Connecticut | 8 | $3.4M | 4.2% | |
| 4 | Vermont | 7 | $7.8M | 3.7% | |
| 5 | Massachusetts | 5 | $1.2M | 2.6% | |
| 6 | Pennsylvania | 3 | $1.6M | 1.6% | |
| 7 | Maine | 3 | $672K | 1.6% |
In New York the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (45 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Erie County, NY | 26 | $7.4M | 13.6% | |
| 2 | Onondaga County, NY | 16 | $7.0M | 8.4% | |
| 3 | Saratoga County, NY | 15 | $4.2M | 7.9% | |
| 4 | Oneida County, NY | 13 | $3.3M | 6.8% | |
| 5 | Rensselaer County, NY | 11 | $7.0M | 5.8% | |
| 6 | Albany County, NY | 10 | $3.3M | 5.2% | |
| 7 | Dutchess County, NY | 6 | $2.1M | 3.1% | |
| 8 | Chenango County, NY | 6 | $640K | 3.1% | |
| 9 | Broome County, NY | 5 | $2.1M | 2.6% | |
| 10 | Hartford County, CT | 5 | $1.5M | 2.6% | |
| 11 | Chittenden County, VT | 4 | $3.3M | 2.1% | |
| 12 | Orange County, NY | 4 | $1.2M | 2.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 38 | 19.9% | |
| 2 | Professional, Scientific, and Technical Services | 20 | 10.5% | |
| 3 | Construction | 19 | 9.9% | |
| 4 | Accommodation and Food Services | 19 | 9.9% | |
| 5 | Other Services (except Public Administration) | 17 | 8.9% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 15 | 7.9% | |
| 7 | Health Care and Social Assistance | 13 | 6.8% | |
| 8 | Manufacturing | 12 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 13 | 6.8% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 9 | 4.7% | |
| 3 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 3.1% | |
| 4 | Beer, Wine, and Liquor StoresNAICS 4453 | 6 | 3.1% | |
| 5 | Lessors of Real EstateNAICS 5311 | 6 | 3.1% | |
| 6 | Architectural, Engineering, and Related ServicesNAICS 5413 | 5 | 2.6% | |
| 7 | Offices of PhysiciansNAICS 6211 | 5 | 2.6% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 5 | 2.6% | |
| 9 | Specialty Food StoresNAICS 4452 | 5 | 2.6% | |
| 10 | General Freight TruckingNAICS 4841 | 5 | 2.6% |
Approval sizes
- $50,000 or less14.1%27
- $50,001 to $150,00023.6%45
- $150,001 to $350,00034.6%66
- $350,001 to $1 million23.6%45
- $1 million to $2 million1.6%3
- Over $2 million2.6%5
Loan terms
- 5 years or less7.3%14
- Over 5 to 10 years71.7%137
- Over 10 to 20 years19.4%37
- Over 20 years1.6%3
Age of the businesses
- Existing, more than 2 years old45.0%86
- New business, 2 years or less12.0%23
- Startup, loan funds will open the business25.7%49
- Change of ownership17.3%33
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 86 | 45.0% | |
| 2 | 7a General | 82 | 42.9% | |
| 3 | Preferred Lenders Program | 23 | 12.0% |
Franchise share
6 of 191 approvals in FY2021–FY2025 (3.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | D1 Training | 1 | 0.5% | |
| 2 | Fleet Feet Sports | 1 | 0.5% | |
| 3 | Nothing Bundt Cakes | 1 | 0.5% | |
| 4 | NerdsToGo | 1 | 0.5% | |
| 5 | Carstar | 1 | 0.5% | |
| 6 | ServiceMaster | 1 | 0.5% |
Questions and answers
How many SBA loans does NBT Bank, National Association make?
SBA approved 26 7(a) loans through NBT Bank, National Association in FY2025, worth $7.2M, and 191 over FY2021 to FY2025. That ranks 201st of 2,184 active 7(a) lenders by number of approvals.
How large are NBT Bank, National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $200K and the average $352K. The program-wide median was $190K.
What is NBT Bank, National Association's charge-off rate?
Of 1,067 disbursed loans approved in FY2010 to FY2021, SBA records 61 as charged off (5.7%), 896 as paid in full and 110 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 NBT Bank, National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (13); services to buildings and dwellings (9); other professional, scientific, and technical services (6); beer, wine, and liquor stores (6).
Where does NBT Bank, National Association make SBA loans?
In 7 states and territories. New York 151, New Hampshire 14, Connecticut 8, Vermont 7, Massachusetts 5. In New York it accounts for 0.8% of all 7(a) approvals.
Is NBT Bank, National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 110, against 116 in the three before: broadly level (-5%).
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