FY20161 Oct 2015 – 30 Sep 2016
SBA loans in New York, FY2016
That fiscal year's approvals by lender and by county.
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 FY2016 (1 October 2015 to 30 September 2016) SBA approved 4,303 loans in New York: 4,137 under 7(a) and 166 under 504, worth $1.23bn.
That is up 8% on FY2015, when there were 3,973 approvals worth $1.23bn.
New York accounted for 6.1% of the 70,012 approvals nationwide that year. 140 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 760.
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.
Approvals by lender
The 40 lenders with the most approvals to New York businesses in FY2016, of 140 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 760 | $62.4M | 17.7% | 516 | +244 |
| 2 | JPMorgan Chase Bank, National Association | 7(a) | 535 | $84.2M | 12.4% | 642 | -107 |
| 3 | Beacon Bank and Trust | 7(a) | 276 | $18.3M | 6.4% | 187 | +89 |
| 4 | Five Star Bank | 7(a) | 251 | $15.4M | 5.8% | 185 | +66 |
| 5 | TD Bank, National Association | 7(a) | 211 | $35.9M | 4.9% | 198 | +13 |
| 6 | KeyBank National Association | 7(a) | 173 | $40.1M | 4.0% | 232 | -59 |
| 7 | Citizens Bank, National Association | 7(a) | 153 | $17.0M | 3.6% | 107 | +46 |
| 8 | Empire State Certified Development Corporation | 504 | 144 | $150M | 3.3% | 190 | -46 |
| 9 | Wells Fargo Bank National Association | 7(a) | 114 | $29.6M | 2.6% | 113 | +1 |
| 10 | NBT Bank, National Association | 7(a) | 92 | $16.5M | 2.1% | 84 | +8 |
| 11 | NewBank | 7(a) | 91 | $110M | 2.1% | 114 | -23 |
| 12 | Citibank, N.A. | 7(a) | 88 | $10.7M | 2.0% | 96 | -8 |
| 13 | Santander Bank, National Association | 7(a) | 77 | $13.8M | 1.8% | 75 | +2 |
| 14 | ESL FCU | 7(a) | 75 | $6.8M | 1.7% | 36 | +39 |
| 15 | Bank of Hope | 7(a) | 66 | $49.6M | 1.5% | 67 | -1 |
| 16 | Newtek Small Business Finance, Inc. | 7(a) | 60 | $55.0M | 1.4% | 53 | +7 |
| 17 | Celtic Bank Corporation | 7(a) | 59 | $10.3M | 1.4% | 69 | -10 |
| 18 | The Adirondack Trust Company | 7(a) | 56 | $4.3M | 1.3% | 38 | +18 |
| 19 | New Millennium Bank | 7(a) | 52 | $30.5M | 1.2% | 22 | +30 |
| 20 | Community Bank, National Association | 7(a) | 47 | $6.6M | 1.1% | 62 | -15 |
| 21 | Empire State Certified Development Corporation | 7(a) | 40 | $6.0M | 0.9% | 41 | -1 |
| 22 | Capital One National Association | 7(a) | 39 | $18.4M | 0.9% | 73 | -34 |
| 23 | BayFirst National Bank | 7(a) | 35 | $12.4M | 0.8% | 3 | +32 |
| 24 | Tompkins Community Bank | 7(a) | 34 | $2.7M | 0.8% | 26 | +8 |
| 25 | Brooklyn Cooperative Federal Credit Union | 7(a) | 33 | $660K | 0.8% | 31 | +2 |
| 26 | Arrow Bank National Association | 7(a) | 32 | $3.7M | 0.7% | 29 | +3 |
| 27 | New York Business Development Corporation | 7(a) | 31 | $23.9M | 0.7% | 55 | -24 |
| 28 | Woori America Bank | 7(a) | 29 | $25.2M | 0.7% | 22 | +7 |
| 29 | Live Oak Banking Company | 7(a) | 29 | $20.9M | 0.7% | 35 | -6 |
| 30 | The Lyons National Bank | 7(a) | 28 | $9.9M | 0.7% | 19 | +9 |
| 31 | Adirondack Bank | 7(a) | 27 | $7.5M | 0.6% | 14 | +13 |
| 32 | The Canandaigua National Bank and Trust Company | 7(a) | 26 | $3.5M | 0.6% | 24 | +2 |
| 33 | Genesee Regional Bank | 7(a) | 24 | $7.1M | 0.6% | 32 | -8 |
| 34 | Rhinebeck Bank | 7(a) | 21 | $1.4M | 0.5% | 14 | +7 |
| 35 | Webster Bank National Association | 7(a) | 20 | $7.0M | 0.5% | 6 | +14 |
| 36 | Provident Bank | 7(a) | 19 | $13.6M | 0.4% | 14 | +5 |
| 37 | Cross River Bank | 7(a) | 18 | $15.3M | 0.4% | 19 | -1 |
| 38 | Stearns Bank National Association | 7(a) | 18 | $5.3M | 0.4% | 13 | +5 |
| 39 | The Bank of Princeton | 7(a) | 15 | $17.9M | 0.3% | 18 | -3 |
| 40 | Northeast Bank | 7(a) | 15 | $3.4M | 0.3% | 10 | +5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | New York County | 485 | $176M | 11.3% | 537 | -52 |
| 2 | Monroe County | 416 | $65.1M | 9.7% | 291 | +125 |
| 3 | Kings County | 362 | $156M | 8.4% | 379 | -17 |
| 4 | Erie County | 319 | $44.0M | 7.4% | 287 | +32 |
| 5 | Queens County | 278 | $120M | 6.5% | 301 | -23 |
| 6 | Suffolk County | 223 | $97.5M | 5.2% | 240 | -17 |
| 7 | Nassau County | 222 | $101M | 5.2% | 214 | +8 |
| 8 | Westchester County | 180 | $72.2M | 4.2% | 166 | +14 |
| 9 | Onondaga County | 148 | $30.8M | 3.4% | 136 | +12 |
| 10 | Albany County | 107 | $20.8M | 2.5% | 85 | +22 |
| 11 | Oneida County | 104 | $10.7M | 2.4% | 82 | +22 |
| 12 | Rockland County | 98 | $40.9M | 2.3% | 64 | +34 |
| 13 | Saratoga County | 97 | $23.9M | 2.3% | 98 | -1 |
| 14 | Orange County | 89 | $26.8M | 2.1% | 92 | -3 |
| 15 | Bronx County | 86 | $40.5M | 2.0% | 103 | -17 |
| 16 | Dutchess County | 72 | $26.9M | 1.7% | 56 | +16 |
| 17 | Niagara County | 70 | $21.0M | 1.6% | 41 | +29 |
| 18 | Broome County | 49 | $8.9M | 1.1% | 29 | +20 |
| 19 | Rensselaer County | 47 | $6.5M | 1.1% | 24 | +23 |
| 20 | Steuben County | 45 | $3.6M | 1.0% | 42 | +3 |
| 21 | Richmond County | 44 | $14.8M | 1.0% | 36 | +8 |
| 22 | Livingston County | 44 | $2.9M | 1.0% | 24 | +20 |
| 23 | Genesee County | 42 | $4.6M | 1.0% | 22 | +20 |
| 24 | Ontario County | 42 | $6.3M | 1.0% | 44 | -2 |
| 25 | Chautauqua County | 41 | $11.4M | 1.0% | 31 | +10 |
| 26 | Warren County | 40 | $7.1M | 0.9% | 43 | -3 |
| 27 | Schenectady County | 37 | $4.6M | 0.9% | 33 | +4 |
| 28 | Washington County | 33 | $2.6M | 0.8% | 16 | +17 |
| 29 | Wyoming County | 30 | $1.8M | 0.7% | 15 | +15 |
| 30 | Ulster County | 30 | $5.3M | 0.7% | 30 | 0 |
| 31 | Columbia County | 29 | $5.0M | 0.7% | 21 | +8 |
| 32 | Cattaraugus County | 27 | $3.1M | 0.6% | 19 | +8 |
| 33 | Wayne County | 27 | $3.3M | 0.6% | 35 | -8 |
| 34 | Herkimer County | 24 | $1.2M | 0.6% | 22 | +2 |
| 35 | Chemung County | 23 | $3.2M | 0.5% | 24 | -1 |
| 36 | Cayuga County | 22 | $2.0M | 0.5% | 20 | +2 |
| 37 | Tompkins County | 21 | $6.5M | 0.5% | 27 | -6 |
| 38 | Putnam County | 19 | $3.0M | 0.4% | 19 | 0 |
| 39 | Orleans County | 19 | $892K | 0.4% | 14 | +5 |
| 40 | Madison County | 18 | $2.7M | 0.4% | 18 | 0 |
The 40 counties with the most approvals; every county is on the New York page.
FY2016 against FY2015
| New York | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 4,137 | 3,761 |
| 7(a) dollars | $1.06bn | $1.03bn |
| Median 7(a) approval | $80K | $95K |
| 504 approvals | 166 | 212 |
| 504 dollars | $172M | $201M |
| Jobs supported, as reported | 31,572 | 36,079 |
Questions and answers
Which lenders made the most SBA loans in New York in FY2016?
Manufacturers and Traders Trust Company (760), JPMorgan Chase Bank, National Association (535), Beacon Bank and Trust (276), Five Star Bank (251), TD Bank, National Association (211). 140 lenders had at least one approval.
How many SBA loans were approved in New York in FY2016?
4,303: 4,137 under 7(a) worth $1.06bn and 166 under 504 worth $172M.
Which New York counties had the most SBA approvals in FY2016?
New York County (485), Monroe County (416), Kings County (362), Erie County (319), Queens County (278).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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