FY20181 Oct 2017 – 30 Sep 2018
SBA loans in New York, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 4,573 loans in New York: 4,386 under 7(a) and 187 under 504, worth $1.29bn.
That is about level with FY2017, when there were 4,640 approvals worth $1.35bn.
New York accounted for 6.9% of the 66,228 approvals nationwide that year. 149 lenders had at least one approval in the state; TD Bank, National Association had the most, 1,200.
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 FY2018, of 149 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 1,200 | $80.8M | 26.2% | 935 | +265 |
| 2 | Manufacturers and Traders Trust Company | 7(a) | 467 | $50.4M | 10.2% | 473 | -6 |
| 3 | JPMorgan Chase Bank, National Association | 7(a) | 389 | $49.8M | 8.5% | 564 | -175 |
| 4 | Empire State Certified Development Corporation | 504 | 158 | $171M | 3.5% | 156 | +2 |
| 5 | ESL FCU | 7(a) | 140 | $8.2M | 3.1% | 127 | +13 |
| 6 | Five Star Bank | 7(a) | 131 | $8.2M | 2.9% | 156 | -25 |
| 7 | Beacon Bank and Trust | 7(a) | 98 | $12.3M | 2.1% | 175 | -77 |
| 8 | Santander Bank, National Association | 7(a) | 98 | $12.0M | 2.1% | 65 | +33 |
| 9 | KeyBank National Association | 7(a) | 91 | $33.4M | 2.0% | 137 | -46 |
| 10 | Citibank, N.A. | 7(a) | 83 | $7.7M | 1.8% | 96 | -13 |
| 11 | NewBank | 7(a) | 77 | $101M | 1.7% | 114 | -37 |
| 12 | NBT Bank, National Association | 7(a) | 77 | $10.6M | 1.7% | 76 | +1 |
| 13 | The Lyons National Bank | 7(a) | 70 | $10.8M | 1.5% | 33 | +37 |
| 14 | Citizens Bank, National Association | 7(a) | 63 | $7.5M | 1.4% | 87 | -24 |
| 15 | Wells Fargo Bank National Association | 7(a) | 61 | $22.9M | 1.3% | 76 | -15 |
| 16 | BayFirst National Bank | 7(a) | 61 | $16.8M | 1.3% | 63 | -2 |
| 17 | Newtek Small Business Finance, Inc. | 7(a) | 52 | $40.7M | 1.1% | 58 | -6 |
| 18 | The Adirondack Trust Company | 7(a) | 52 | $4.5M | 1.1% | 42 | +10 |
| 19 | New Millennium Bank | 7(a) | 51 | $35.0M | 1.1% | 51 | 0 |
| 20 | Northeast Bank | 7(a) | 51 | $11.6M | 1.1% | 32 | +19 |
| 21 | FinWise Bank | 7(a) | 49 | $36.1M | 1.1% | 18 | +31 |
| 22 | Celtic Bank Corporation | 7(a) | 48 | $11.2M | 1.0% | 57 | -9 |
| 23 | Dime Commercial Bank | 7(a) | 47 | $52.0M | 1.0% | 44 | +3 |
| 24 | The Bank of Princeton | 7(a) | 44 | $38.6M | 1.0% | 66 | -22 |
| 25 | Tompkins Community Bank | 7(a) | 44 | $4.0M | 1.0% | 36 | +8 |
| 26 | Capital One National Association | 7(a) | 37 | $20.9M | 0.8% | 49 | -12 |
| 27 | Genesee Regional Bank | 7(a) | 35 | $12.7M | 0.8% | 36 | -1 |
| 28 | Independence Bank | 7(a) | 35 | $3.9M | 0.8% | 30 | +5 |
| 29 | New York Business Development Corporation | 7(a) | 32 | $18.9M | 0.7% | 35 | -3 |
| 30 | The Canandaigua National Bank and Trust Company | 7(a) | 32 | $5.8M | 0.7% | 29 | +3 |
| 31 | Community Bank, National Association | 7(a) | 32 | $5.2M | 0.7% | 27 | +5 |
| 32 | Live Oak Banking Company | 7(a) | 27 | $30.6M | 0.6% | 34 | -7 |
| 33 | Bank of Hope | 7(a) | 26 | $26.4M | 0.6% | 35 | -9 |
| 34 | Arrow Bank National Association | 7(a) | 22 | $2.3M | 0.5% | 30 | -8 |
| 35 | Northwest Bank | 7(a) | 21 | $3.0M | 0.5% | 27 | -6 |
| 36 | Provident Bank | 7(a) | 20 | $11.2M | 0.4% | 35 | -15 |
| 37 | Woori America Bank | 7(a) | 19 | $21.5M | 0.4% | 17 | +2 |
| 38 | Five Star Bank | 7(a) | 18 | $4.2M | 0.4% | 1 | +17 |
| 39 | United Midwest Savings Bank National Association | 7(a) | 18 | $3.9M | 0.4% | 2 | +16 |
| 40 | Empire State Certified Development Corporation | 7(a) | 18 | $3.2M | 0.4% | 22 | -4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Kings County | 600 | $168M | 13.1% | 476 | +124 |
| 2 | New York County | 472 | $151M | 10.3% | 642 | -170 |
| 3 | Suffolk County | 407 | $126M | 8.9% | 360 | +47 |
| 4 | Queens County | 399 | $162M | 8.7% | 455 | -56 |
| 5 | Nassau County | 386 | $113M | 8.4% | 386 | 0 |
| 6 | Monroe County | 307 | $59.3M | 6.7% | 336 | -29 |
| 7 | Erie County | 221 | $48.8M | 4.8% | 264 | -43 |
| 8 | Westchester County | 197 | $46.4M | 4.3% | 213 | -16 |
| 9 | Rockland County | 127 | $44.4M | 2.8% | 85 | +42 |
| 10 | Orange County | 115 | $40.3M | 2.5% | 100 | +15 |
| 11 | Bronx County | 112 | $39.6M | 2.4% | 103 | +9 |
| 12 | Onondaga County | 109 | $31.7M | 2.4% | 105 | +4 |
| 13 | Richmond County | 98 | $21.1M | 2.1% | 74 | +24 |
| 14 | Albany County | 79 | $24.4M | 1.7% | 94 | -15 |
| 15 | Saratoga County | 76 | $15.3M | 1.7% | 78 | -2 |
| 16 | Dutchess County | 62 | $23.1M | 1.4% | 43 | +19 |
| 17 | Ontario County | 58 | $15.0M | 1.3% | 47 | +11 |
| 18 | Oneida County | 47 | $10.2M | 1.0% | 77 | -30 |
| 19 | Wayne County | 41 | $6.0M | 0.9% | 24 | +17 |
| 20 | Ulster County | 40 | $8.8M | 0.9% | 28 | +12 |
| 21 | Niagara County | 37 | $6.1M | 0.8% | 39 | -2 |
| 22 | Livingston County | 37 | $3.4M | 0.8% | 26 | +11 |
| 23 | Genesee County | 33 | $8.6M | 0.7% | 29 | +4 |
| 24 | Warren County | 33 | $17.8M | 0.7% | 50 | -17 |
| 25 | Broome County | 33 | $4.4M | 0.7% | 25 | +8 |
| 26 | Schenectady County | 32 | $11.7M | 0.7% | 31 | +1 |
| 27 | Chautauqua County | 25 | $3.0M | 0.5% | 33 | -8 |
| 28 | Steuben County | 24 | $1.8M | 0.5% | 34 | -10 |
| 29 | Rensselaer County | 24 | $7.1M | 0.5% | 32 | -8 |
| 30 | Sullivan County | 22 | $7.3M | 0.5% | 13 | +9 |
| 31 | Washington County | 21 | $7.1M | 0.5% | 18 | +3 |
| 32 | Wyoming County | 21 | $1.5M | 0.5% | 31 | -10 |
| 33 | Cayuga County | 21 | $2.8M | 0.5% | 18 | +3 |
| 34 | Cattaraugus County | 20 | $1.5M | 0.4% | 22 | -2 |
| 35 | Putnam County | 19 | $6.3M | 0.4% | 19 | 0 |
| 36 | Tompkins County | 19 | $4.1M | 0.4% | 17 | +2 |
| 37 | Herkimer County | 17 | $2.1M | 0.4% | 16 | +1 |
| 38 | Chemung County | 16 | $5.7M | 0.3% | 11 | +5 |
| 39 | Seneca County | 15 | $607K | 0.3% | 12 | +3 |
| 40 | Yates County | 14 | $1.3M | 0.3% | 13 | +1 |
The 40 counties with the most approvals; every county is on the New York page.
FY2018 against FY2017
| New York | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 4,386 | 4,443 |
| 7(a) dollars | $1.10bn | $1.16bn |
| Median 7(a) approval | $81K | $85K |
| 504 approvals | 187 | 197 |
| 504 dollars | $194M | $190M |
| Jobs supported, as reported | 28,306 | 31,531 |
Questions and answers
Which lenders made the most SBA loans in New York in FY2018?
TD Bank, National Association (1,200), Manufacturers and Traders Trust Company (467), JPMorgan Chase Bank, National Association (389), Empire State Certified Development Corporation (158), ESL FCU (140). 149 lenders had at least one approval.
How many SBA loans were approved in New York in FY2018?
4,573: 4,386 under 7(a) worth $1.10bn and 187 under 504 worth $194M.
Which New York counties had the most SBA approvals in FY2018?
Kings County (600), New York County (472), Suffolk County (407), Queens County (399), Nassau County (386).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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