Lenders › New York Business Development Corporation
7(a) lenderLatham, New Yorknon-bank 7(a) lender293rd of 2,184 by approvals
New York Business Development Corporation
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.
New York Business Development Corporation, based in Latham, New York, is a non-bank 7(a) lender in the SBA 7(a) program. SBA approved 112 of its 7(a) loans worth $94.0M in FY2021 to FY2025, which places it 293rd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 21 approvals totalling $12.8M, down 12% on FY2024 (24). FY2026 to 30 Jun 2026 adds 10 more.
The median approval was $584K, against $190K for the 7(a) program as a whole; 4.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 34 counties, led by New York (100.0%). The largest industry group was accommodation and food services at 25.0% of approvals, and 7.1% of approvals were to franchise businesses.
Of 461 disbursed loans approved in FY2010 to FY2021, SBA records 53 as charged off (11.5%), 342 as paid in full and 66 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 10 | $10.1M | $687K | $1.0M | 114 |
| FY2025 | 21 | $12.8M | $500K | $611K | 168 |
| FY2024 | 24 | $14.6M | $640K | $609K | 330 |
| FY2023 | 18 | $16.6M | $559K | $923K | 228 |
| FY2022 | 19 | $14.2M | $451K | $750K | 316 |
| FY2021 | 30 | $35.7M | $675K | $1.2M | 679 |
| FY2020 | 26 | $21.3M | $425K | $818K | 611 |
| FY2019 | 27 | $18.5M | $530K | $686K | 464 |
| FY2018 | 33 | $19.2M | $400K | $583K | 503 |
| FY2017 | 36 | $22.3M | $365K | $620K | 361 |
| FY2016 | 32 | $24.3M | $489K | $759K | 684 |
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 154 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 | 598 | 39,899 | 639,905 |
| Cancelled or never disbursed | 137 | 5,223 | 79,313 |
| Disbursed loans | 461 | 34,676 | 560,592 |
| Paid in full | 342 | 26,873 | 435,813 |
| Charged off | 53 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 66 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 11.5% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 6.9% | 3.2% | 2.5% |
| Dollars charged off | $16.9M | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 25 | 8 | 0 | — | 2.8% |
| FY2020 | 20 | 12 | 0 | — | 4.0% |
| FY2019 | 23 | 11 | 2 | — | 6.7% |
| FY2018 | 28 | 15 | 6 | — | 7.9% |
| FY2017 | 26 | 10 | 3 | — | 7.7% |
| FY2016 | 27 | 26 | 1 | — | 7.2% |
| FY2015 | 45 | 42 | 1 | 2.2% | 6.9% |
| FY2014 | 44 | 35 | 7 | 15.9% | 6.4% |
| FY2013 | 39 | 28 | 9 | 23.1% | 6.0% |
| FY2012 | 60 | 49 | 7 | 11.7% | 6.3% |
| FY2011 | 67 | 58 | 9 | 13.4% | 6.9% |
| FY2010 | 57 | 48 | 8 | 14.0% | 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 | $584K | $190K |
| Average approval | $839K | $518K |
| Approvals of $150,000 or less | 4.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 39.3% | 34.3% |
| Approvals to franchise businesses | 7.1% | 11.5% |
| Jobs supported per approval, as reported | 15.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 11.5% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 112 | $94.0M | 100.0% |
In New York the lender accounts for 0.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (34 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Saratoga County, NY | 12 | $7.1M | 10.7% | |
| 2 | Albany County, NY | 10 | $5.8M | 8.9% | |
| 3 | Suffolk County, NY | 8 | $8.5M | 7.1% | |
| 4 | Westchester County, NY | 8 | $5.4M | 7.1% | |
| 5 | New York County, NY | 7 | $3.9M | 6.3% | |
| 6 | Kings County, NY | 6 | $6.8M | 5.4% | |
| 7 | Ulster County, NY | 6 | $4.5M | 5.4% | |
| 8 | Orange County, NY | 5 | $7.5M | 4.5% | |
| 9 | Monroe County, NY | 5 | $4.0M | 4.5% | |
| 10 | Dutchess County, NY | 5 | $3.1M | 4.5% | |
| 11 | Columbia County, NY | 4 | $1.9M | 3.6% | |
| 12 | Greene County, NY | 3 | $2.7M | 2.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 28 | 25.0% | |
| 2 | Retail Trade | 19 | 17.0% | |
| 3 | Manufacturing | 15 | 13.4% | |
| 4 | Other Services (except Public Administration) | 12 | 10.7% | |
| 5 | Arts, Entertainment, and Recreation | 10 | 8.9% | |
| 6 | Health Care and Social Assistance | 8 | 7.1% | |
| 7 | Professional, Scientific, and Technical Services | 6 | 5.4% | |
| 8 | Construction | 4 | 3.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 17.9% | |
| 2 | Beverage ManufacturingNAICS 3121 | 7 | 6.3% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 6.3% | |
| 4 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 5 | 4.5% | |
| 5 | Personal Care ServicesNAICS 8121 | 4 | 3.6% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 2.7% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 3 | 2.7% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 2.7% | |
| 9 | Child Day Care ServicesNAICS 6244 | 3 | 2.7% | |
| 10 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 2.7% |
Approval sizes
- $50,001 to $150,0004.5%5
- $150,001 to $350,00018.8%21
- $350,001 to $1 million57.1%64
- $1 million to $2 million11.6%13
- Over $2 million8.0%9
Loan terms
- Over 5 to 10 years75.0%84
- Over 10 to 20 years8.9%10
- Over 20 years16.1%18
Age of the businesses
- Existing, more than 2 years old23.2%26
- New business, 2 years or less3.6%4
- Startup, loan funds will open the business35.7%40
- Change of ownership36.6%41
- Not answered0.9%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 108 | 96.4% | |
| 2 | Preferred Lenders Program | 4 | 3.6% |
Franchise share
8 of 112 approvals in FY2021–FY2025 (7.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Volvo Trucks North America | 1 | 0.9% | |
| 2 | Schmitt Sales Inc. | 1 | 0.9% | |
| 3 | Kawasaki | 1 | 0.9% | |
| 4 | American Family Care | 1 | 0.9% | |
| 5 | True Value Company LLC | 1 | 0.9% | |
| 6 | Orange Theory Fitness | 1 | 0.9% | |
| 7 | PrimoHoagies | 1 | 0.9% | |
| 8 | Jersey Mike’s Subs | 1 | 0.9% |
Questions and answers
How many SBA loans does New York Business Development Corporation make?
SBA approved 21 7(a) loans through New York Business Development Corporation in FY2025, worth $12.8M, and 112 over FY2021 to FY2025. That ranks 293rd of 2,184 active 7(a) lenders by number of approvals.
How large are New York Business Development Corporation's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $584K and the average $839K. The program-wide median was $190K.
What is New York Business Development Corporation's charge-off rate?
Of 461 disbursed loans approved in FY2010 to FY2021, SBA records 53 as charged off (11.5%), 342 as paid in full and 66 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 New York Business Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (20); beverage manufacturing (7); other amusement and recreation industries (7); drinking places (alcoholic beverages) (5).
Where does New York Business Development Corporation make SBA loans?
In 1 state or territory. New York 112. In New York it accounts for 0.6% of all 7(a) approvals.
Is New York Business Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 63, against 75 in the three before: falling (-16%).
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