FY20211 Oct 2020 – 30 Sep 2021
SBA loans in New York, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 2,757 loans in New York: 2,450 under 7(a) and 307 under 504, worth $1.82bn.
That is up 18% on FY2020, when there were 2,334 approvals worth $1.05bn.
New York accounted for 4.5% of the 61,532 approvals nationwide that year. 159 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 440.
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 FY2021, of 159 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Kings County | 387 | $299M | 14.0% | 309 | +78 |
| 2 | Suffolk County | 263 | $233M | 9.5% | 223 | +40 |
| 3 | New York County | 250 | $230M | 9.1% | 240 | +10 |
| 4 | Queens County | 210 | $182M | 7.6% | 180 | +30 |
| 5 | Nassau County | 209 | $164M | 7.6% | 182 | +27 |
| 6 | Erie County | 167 | $75.3M | 6.1% | 139 | +28 |
| 7 | Monroe County | 148 | $45.9M | 5.4% | 178 | -30 |
| 8 | Westchester County | 125 | $80.0M | 4.5% | 92 | +33 |
| 9 | Rockland County | 118 | $57.2M | 4.3% | 77 | +41 |
| 10 | Orange County | 84 | $51.8M | 3.0% | 71 | +13 |
| 11 | Bronx County | 71 | $64.3M | 2.6% | 56 | +15 |
| 12 | Onondaga County | 70 | $30.4M | 2.5% | 62 | +8 |
| 13 | Albany County | 47 | $41.5M | 1.7% | 39 | +8 |
| 14 | Dutchess County | 45 | $18.5M | 1.6% | 34 | +11 |
| 15 | Saratoga County | 37 | $16.3M | 1.3% | 36 | +1 |
| 16 | Richmond County | 33 | $24.8M | 1.2% | 29 | +4 |
| 17 | Ontario County | 28 | $12.2M | 1.0% | 27 | +1 |
| 18 | Oneida County | 26 | $9.9M | 0.9% | 11 | +15 |
| 19 | Ulster County | 25 | $17.2M | 0.9% | 28 | -3 |
| 20 | Niagara County | 22 | $6.6M | 0.8% | 25 | -3 |
| 21 | Putnam County | 22 | $12.0M | 0.8% | 7 | +15 |
| 22 | Broome County | 22 | $8.7M | 0.8% | 15 | +7 |
| 23 | Rensselaer County | 20 | $5.2M | 0.7% | 12 | +8 |
| 24 | Livingston County | 20 | $5.1M | 0.7% | 15 | +5 |
| 25 | Warren County | 17 | $10.5M | 0.6% | 20 | -3 |
| 26 | Steuben County | 17 | $3.9M | 0.6% | 9 | +8 |
| 27 | Jefferson County | 17 | $4.0M | 0.6% | 11 | +6 |
| 28 | Columbia County | 17 | $6.5M | 0.6% | 5 | +12 |
| 29 | Wayne County | 17 | $10.6M | 0.6% | 11 | +6 |
| 30 | Wyoming County | 16 | $2.6M | 0.6% | 16 | 0 |
| 31 | Schenectady County | 16 | $9.0M | 0.6% | 10 | +6 |
| 32 | Chautauqua County | 15 | $4.0M | 0.5% | 15 | 0 |
| 33 | Chemung County | 14 | $2.7M | 0.5% | 10 | +4 |
| 34 | Genesee County | 14 | $1.2M | 0.5% | 14 | 0 |
| 35 | Sullivan County | 10 | $4.5M | 0.4% | 6 | +4 |
| 36 | Cayuga County | 9 | $3.8M | 0.3% | 5 | +4 |
| 37 | Orleans County | 9 | $1.0M | 0.3% | 6 | +3 |
| 38 | Cattaraugus County | 8 | $949K | 0.3% | 14 | -6 |
| 39 | Oswego County | 8 | $1.4M | 0.3% | 12 | -4 |
| 40 | Tompkins County | 8 | $3.5M | 0.3% | 7 | +1 |
The 40 counties with the most approvals; every county is on the New York page.
FY2021 against FY2020
| New York | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 2,450 | 2,135 |
| 7(a) dollars | $1.49bn | $869M |
| Median 7(a) approval | $200K | $100K |
| 504 approvals | 307 | 199 |
| 504 dollars | $327M | $185M |
| Jobs supported, as reported | 26,915 | 19,610 |
Questions and answers
Which lenders made the most SBA loans in New York in FY2021?
Manufacturers and Traders Trust Company (440), TD Bank, National Association (350), Empire State Certified Development Corporation (251), KeyBank National Association (174), Newtek Small Business Finance, Inc. (96). 159 lenders had at least one approval.
How many SBA loans were approved in New York in FY2021?
2,757: 2,450 under 7(a) worth $1.49bn and 307 under 504 worth $327M.
Which New York counties had the most SBA approvals in FY2021?
Kings County (387), Suffolk County (263), New York County (250), Queens County (210), Nassau County (209).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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