FY20201 Oct 2019 – 30 Sep 2020
SBA loans in New York, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 2,334 loans in New York: 2,135 under 7(a) and 199 under 504, worth $1.05bn.
That is down 35% on FY2019, when there were 3,572 approvals worth $1.26bn.
New York accounted for 4.7% of the 49,417 approvals nationwide that year. 147 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 448.
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 FY2020, of 147 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Kings County | 309 | $135M | 13.2% | 498 | -189 |
| 2 | New York County | 240 | $135M | 10.3% | 451 | -211 |
| 3 | Suffolk County | 223 | $127M | 9.6% | 313 | -90 |
| 4 | Nassau County | 182 | $92.5M | 7.8% | 308 | -126 |
| 5 | Queens County | 180 | $97.0M | 7.7% | 334 | -154 |
| 6 | Monroe County | 178 | $63.4M | 7.6% | 203 | -25 |
| 7 | Erie County | 139 | $34.0M | 6.0% | 185 | -46 |
| 8 | Westchester County | 92 | $47.9M | 3.9% | 140 | -48 |
| 9 | Rockland County | 77 | $27.9M | 3.3% | 113 | -36 |
| 10 | Orange County | 71 | $33.9M | 3.0% | 100 | -29 |
| 11 | Onondaga County | 62 | $27.8M | 2.7% | 93 | -31 |
| 12 | Bronx County | 56 | $26.3M | 2.4% | 77 | -21 |
| 13 | Albany County | 39 | $25.5M | 1.7% | 45 | -6 |
| 14 | Saratoga County | 36 | $14.3M | 1.5% | 71 | -35 |
| 15 | Dutchess County | 34 | $10.7M | 1.5% | 51 | -17 |
| 16 | Richmond County | 29 | $13.0M | 1.2% | 59 | -30 |
| 17 | Ulster County | 28 | $14.1M | 1.2% | 20 | +8 |
| 18 | Ontario County | 27 | $11.2M | 1.2% | 31 | -4 |
| 19 | Niagara County | 25 | $10.2M | 1.1% | 40 | -15 |
| 20 | Warren County | 20 | $3.6M | 0.9% | 25 | -5 |
| 21 | Wyoming County | 16 | $1.9M | 0.7% | 21 | -5 |
| 22 | Chautauqua County | 15 | $5.3M | 0.6% | 21 | -6 |
| 23 | Livingston County | 15 | $2.5M | 0.6% | 10 | +5 |
| 24 | Broome County | 15 | $16.1M | 0.6% | 22 | -7 |
| 25 | Cattaraugus County | 14 | $2.4M | 0.6% | 11 | +3 |
| 26 | Genesee County | 14 | $1.5M | 0.6% | 11 | +3 |
| 27 | Oswego County | 12 | $6.4M | 0.5% | 7 | +5 |
| 28 | Rensselaer County | 12 | $6.3M | 0.5% | 22 | -10 |
| 29 | Oneida County | 11 | $1.3M | 0.5% | 32 | -21 |
| 30 | Jefferson County | 11 | $3.2M | 0.5% | 14 | -3 |
| 31 | Wayne County | 11 | $6.0M | 0.5% | 10 | +1 |
| 32 | Chemung County | 10 | $3.8M | 0.4% | 8 | +2 |
| 33 | Schenectady County | 10 | $3.9M | 0.4% | 17 | -7 |
| 34 | Washington County | 9 | $3.7M | 0.4% | 5 | +4 |
| 35 | Steuben County | 9 | $688K | 0.4% | 21 | -12 |
| 36 | Clinton County | 8 | $5.3M | 0.3% | 12 | -4 |
| 37 | Putnam County | 7 | $3.3M | 0.3% | 15 | -8 |
| 38 | Tompkins County | 7 | $2.4M | 0.3% | 16 | -9 |
| 39 | Herkimer County | 6 | $1.3M | 0.3% | 4 | +2 |
| 40 | Sullivan County | 6 | $5.9M | 0.3% | 16 | -10 |
The 40 counties with the most approvals; every county is on the New York page.
FY2020 against FY2019
| New York | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 2,135 | 3,404 |
| 7(a) dollars | $869M | $1.10bn |
| Median 7(a) approval | $100K | $100K |
| 504 approvals | 199 | 168 |
| 504 dollars | $185M | $160M |
| Jobs supported, as reported | 19,610 | 25,674 |
Questions and answers
Which lenders made the most SBA loans in New York in FY2020?
Manufacturers and Traders Trust Company (448), TD Bank, National Association (359), Empire State Certified Development Corporation (167), JPMorgan Chase Bank, National Association (155), KeyBank National Association (54). 147 lenders had at least one approval.
How many SBA loans were approved in New York in FY2020?
2,334: 2,135 under 7(a) worth $869M and 199 under 504 worth $185M.
Which New York counties had the most SBA approvals in FY2020?
Kings County (309), New York County (240), Suffolk County (223), Nassau County (182), Queens County (180).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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