SBA Ledger

States › New York

State6.0% of US approvals279 lenders active

SBA loans in New York

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 New York received 20,639 SBA loan approvals worth $8.55bn in FY2021 to FY2025, 19,370 of them 7(a) loans and 1,269 504 loans.

That is 38.1 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 6.0% of all approvals in the country (4th of 54 states and territories).

In FY2025 there were 5,518 approvals totalling $2.09bn, up 10% on FY2024. The median 7(a) approval over the five years was $130K and the median 504 approval $685K.

279 lenders had at least one approval in the state; by number of 7(a) approvals the most active were TD Bank, National Association (3,865), Manufacturers and Traders Trust Company (2,978) and JPMorgan Chase Bank, National Association (1,213).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 8.1% as charged off, against 6.6% nationally.

5,518approvals, FY202520,639 in FY2021–FY2025
$2.09bnapproved, FY2025$8.55bn in FY2021–FY2025
38.1approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$130Kmedian 7(a) approvalUS: $190K
8.1%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in New York

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in NY, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1TD Bank, National AssociationWilmington, DE3,865$492M20.0%$50K14.4%
2Manufacturers and Traders Trust CompanyBuffalo, NY2,978$374M15.4%$50K8.0%
3JPMorgan Chase Bank, National AssociationColumbus, OH1,213$279M6.3%$200K7.4%
4BayFirst National BankSaint Petersburg, FL812$132M4.2%$150K19.2%
5KeyBank National AssociationCleveland, OH787$190M4.1%$75K4.3%
6Northeast BankLewiston, ME760$127M3.9%$106K12.8%
7Readycap Lending, LLCBerkeley Heights, NJ749$272M3.9%$138K4.3%
8Newtek Bank, National AssociationMiami, FL642$355M3.3%$225K—
9The Huntington National BankColumbus, OH460$168M2.4%$92K5.7%
10ESL FCURochester, NY327$46.4M1.7%$61K5.4%
11Five Star BankRochester, NY316$31.6M1.6%$32K3.9%
12FinWise BankSandy, UT310$380M1.6%$718K4.0%
13Newtek Small Business Finance, Inc.Lake Success, NY301$198M1.6%$300K6.8%
14Lendistry SBLC, LLCLos Angeles, CA301$54.9M1.6%$150K22.7%
15Webster Bank National AssociationWaterbury, CT266$99.9M1.4%$200K3.8%
16Live Oak Banking CompanyWilmington, NC263$352M1.4%$850K2.2%
17Celtic Bank CorporationSalt Lake City, UT217$117M1.1%$150K17.0%
18Bank of America, National AssociationCharlotte, NC187$95.4M1.0%$300K2.6%
19NewBankFlushing, NY166$226M0.9%$600K4.5%
20NBT Bank, National AssociationNorwich, NY151$49.9M0.8%$200K5.7%
21Hanover Community BankMineola, NY148$144M0.8%$563K2.7%
22Wells Fargo Bank National AssociationSioux Falls, SD148$101M0.8%$15K7.9%
23Dime Commercial BankHauppauge, NY143$118M0.7%$540K2.1%
24Genesee Regional BankRochester, NY133$59.8M0.7%$225K1.7%
25Tompkins Community BankIthaca, NY130$22.5M0.7%$100K2.9%
26New York Business Development CorporationLatham, NY112$94.0M0.6%$584K11.5%
27United Midwest Savings Bank National AssociationDe Graff, OH106$43.6M0.5%$150K15.9%
28Arrow Bank National AssociationGlens Falls, NY100$8.1M0.5%$50K0.0%
29Bank of HopeLos Angeles, CA99$77.5M0.5%$350K6.5%
30First Bank of the LakeOsage Beach, MO97$87.5M0.5%$350K2.7%
31Northwest BankWarren, PA97$27.2M0.5%$150K1.8%
32Citibank, N.A.Sioux Falls, SD96$31.8M0.5%$100K2.7%
33Beacon Bank and TrustBrookline, MA94$77.0M0.5%$630K4.6%
34New Millennium BankFort Lee, NJ91$97.6M0.5%$550K3.3%
35Colony BankFitzgerald, GA89$14.4M0.5%$150K7.0%
36Harvest Small Business Finance, LLCLaguna Hills, CA83$103M0.4%$765K0.4%
37Chemung Canal Trust CompanyElmira, NY81$11.5M0.4%$123K0.0%
38The Canandaigua National Bank and Trust CompanyCanandaigua, NY77$26.0M0.4%$213K4.5%
39Community Bank, National AssociationCanton, NY76$11.1M0.4%$113K3.5%
40The Adirondack Trust CompanySaratoga Springs, NY72$9.4M0.4%$50K1.4%

504 certified development companies

#LenderApprovals in NY, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Empire State Certified Development CorporationLatham, NY · 504 CDC1,009$1.13bn79.5%$716K2.2%
2Trenton Business Assistance CorporationPrinceton, NJ · 504 CDC149$241M11.7%$1.1M0.7%
3Business Initiative Corporation of New YorkBronx, NY · 504 CDC36$47.6M2.8%$1.1M1.9%
4Monroe County Industrial Development CorporationRochester, NY · 504 CDC35$17.5M2.8%$406K1.8%
5Greater Syracuse Business Development CorporationSyracuse, NY · 504 CDC29$11.5M2.3%$214K2.8%
6Granite State Economic Development CorporationPortsmouth, NH · 504 CDC5$1.6M0.4%$363K1.5%
7NEPA Alliance Business Finance CorporationPittston, PA · 504 CDC2—0.2%$406K0.0%
8CDC Small Business Finance Corp.San Diego, CA · 504 CDC1—0.1%$824K0.4%
9New England Certified Development CorporationWakefield, MA · 504 CDC1—0.1%$499K0.8%
10Worcester Business Development CorporationWorcester, MA · 504 CDC1—0.1%$378K1.7%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*2,644$1.00bn$150K144$182M2,78821,634
FY20255,299$1.83bn$150K219$255M5,51843,895
FY20244,817$1.45bn$120K194$237M5,01139,273
FY20234,094$1.26bn$100K200$236M4,29433,540
FY20222,710$1.06bn$100K349$394M3,05922,351
FY20212,450$1.49bn$200K307$327M2,75726,915
FY20202,135$869M$100K199$185M2,33419,610
FY20193,404$1.10bn$100K168$160M3,57225,674
FY20184,386$1.10bn$81K187$194M4,57328,306
FY20174,443$1.16bn$85K197$190M4,64031,531
FY20164,137$1.06bn$80K166$172M4,30331,572

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in New York by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Kings County3,022$1.28bn62,31748.5
2New York County2,121$1.07bn93,90422.6
3Suffolk County2,063$970M50,74840.7
4Nassau County1,752$777M48,71836.0
5Queens County1,724$754M51,18833.7
6Rockland County1,088$393M11,09498.1
7Erie County1,060$337M22,49747.1
8Westchester County981$396M31,17431.5
9Monroe County961$264M17,48455.0
10Orange County771$346M10,46773.7
11Bronx County528$229M18,67428.3
12Onondaga County449$186M11,16640.2
13Richmond County389$140M9,68440.2
14Saratoga County277$107M5,48850.5
15Albany County270$153M9,46528.5
16Dutchess County256$98.9M7,67733.3
17Niagara County166$48.0M4,47537.1
18Oneida County164$53.9M4,71334.8
19Ulster County160$85.4M5,06531.6
20Ontario County148$46.0M2,89551.1
21Rensselaer County128$37.5M2,98542.9
22Sullivan County114$68.7M2,06155.3
23Broome County112$37.2M4,00128.0
24Warren County110$60.0M2,16450.8
25Putnam County104$30.9M2,86836.3
26Schenectady County98$45.6M2,91133.7
27Steuben County93$27.7M1,74953.2
28Chautauqua County92$26.4M2,69534.1
29Wayne County90$32.3M1,67353.8
30Livingston County87$18.4M1,20272.4
31Genesee County85$20.0M1,25567.7
32Cattaraugus County73$8.7M1,50148.6
33Wyoming County72$9.7M75495.5
34Chemung County68$14.2M1,64741.3
35Columbia County68$20.1M1,81937.4
36Oswego County66$17.9M2,09331.5
37Jefferson County59$22.3M2,34825.1
38Orleans County56$8.9M66284.6
39Tompkins County55$27.9M2,23024.7
40Herkimer County53$17.3M1,12447.2
41Clinton County53$21.5M1,70131.2
42Washington County48$16.3M1,06545.1
43Greene County45$18.5M1,20337.4
44Cayuga County43$10.7M1,50928.5
45Essex County39$29.3M1,18632.9
46Madison County35$21.0M1,32826.4
47Fulton County31$10.7M1,11927.7
48St. Lawrence County30$12.6M1,82616.4
49Cortland County30$14.8M98130.6
50Allegany County29$9.6M73139.7
51Otsego County29$20.9M1,29522.4
52Tioga County28$8.4M74337.7
53Seneca County26$9.1M68937.7
54Schoharie County20$12.6M57634.7
55Yates County19$1.6M54235.1
56Montgomery County18$6.9M1,06416.9
57Delaware County18$10.8M1,11416.2
58Chenango County16$1.6M85718.7
59Franklin County15$11.5M92216.3
60Schuyler County14$8.2M38536.4
61Lewis County13$2.7M50625.7
62Hamilton County7$2.1M18837.2

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 72251,687$684M8.2%
2Residential Building ConstructionNAICS 2361760$139M3.7%
3Personal Care ServicesNAICS 8121606$116M2.9%
4Management, Scientific, and Technical Consulting ServicesNAICS 5416602$108M2.9%
5Building Equipment ContractorsNAICS 2382599$211M2.9%
6Services to Buildings and DwellingsNAICS 5617537$118M2.6%
7Offices of Other Health PractitionersNAICS 6213500$182M2.4%
8Other Amusement and Recreation IndustriesNAICS 7139454$232M2.2%
9Automotive Repair and MaintenanceNAICS 8111442$222M2.1%
10Other Specialty Trade ContractorsNAICS 2389437$181M2.1%
11Other Professional, Scientific, and Technical ServicesNAICS 5419363$171M1.8%
12Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412358$80.9M1.7%
13Building Finishing ContractorsNAICS 2383353$83.0M1.7%
14Other Personal ServicesNAICS 8129345$108M1.7%
15Grocery StoresNAICS 4451341$251M1.7%

Sectors

#NAICS sectorApprovalsShare
1Retail Trade3,12415.1%
2Construction2,72413.2%
3Professional, Scientific, and Technical Services2,47912.0%
4Accommodation and Food Services2,25810.9%
5Other Services (except Public Administration)1,7558.5%
6Wholesale Trade1,5047.3%
7Health Care and Social Assistance1,4276.9%
8Manufacturing1,1225.4%
9Administrative and Support and Waste Management and Remediation Services1,0615.1%
10Transportation and Warehousing8103.9%

Franchise brands

#BrandApprovalsShare
1The UPS Store250.1%
2The Learning Experience160.1%
3Tropical Smoothie Cafe150.1%
4Subway130.1%
5Stretch Lab110.1%
6X-Golf90.0%
7Nothing Bundt Cakes80.0%
8Hotworx80.0%
9Alloy Personal Traning80.0%
10Perri's Pizzeria80.0%

How earlier loans turned out

New York, 7(a)8.1%
United States, 7(a)6.6%
New York, 5042.2%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021NY 7(a)US 7(a)NY 504US 504
Approvals in these years39,899639,9052,82785,591
Cancelled or never disbursed5,22379,31352512,514
Disbursed loans34,676560,5922,30273,077
Paid in full26,873435,81398435,491
Charged off2,80236,89151905
Still outstanding (status exempt from disclosure)5,00187,8881,26736,681
Charged off, share of disbursed loans8.1%6.6%2.2%1.2%
Dollars charged off, share of disbursed dollars3.2%2.5%1.5%0.9%
Dollars charged off$312M$5.70bn$31.2M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025New YorkUnited States
Approvals per 1,000 establishments38.141.0
Median 7(a) approval$130K$190K
Median 504 approval$685K$657K
504 share of approvals6.1%11.0%
Jobs supported per approval, as reported8.010.5
Approvals, change on FY2016–FY20206%10%

Questions and answers

Which lenders make the most SBA loans in New York?

By 7(a) approvals in FY2021 to FY2025: TD Bank, National Association (3,865), Manufacturers and Traders Trust Company (2,978), JPMorgan Chase Bank, National Association (1,213), BayFirst National Bank (812), KeyBank National Association (787). For 504 loans: Empire State Certified Development Corporation (1,009), Trenton Business Assistance Corporation (149), Business Initiative Corporation of New York (36). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in New York?

The median 7(a) approval was $130K and the median 504 approval $685K; the average across both programs was $414K.

Which industries get the most SBA loans in New York?

Restaurants and Other Eating Places (1,687); Residential Building Construction (760); Personal Care Services (606); Management, Scientific, and Technical Consulting Services (602); Building Equipment Contractors (599).

Which New York counties receive the most SBA loans?

Kings County (3,022), New York County (2,121), Suffolk County (2,063), Nassau County (1,752), Queens County (1,724), by approvals in FY2021 to FY2025.

Is SBA lending in New York rising?

Approvals in the three latest complete fiscal years total 14,823, against 8,150 in the three before: rising (+82%).

What share of SBA loans in New York are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 8.1% are recorded as charged off (national: 6.6%); for 504 loans the figure is 2.2% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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