SBA Ledger

States › New York › FY2024

FY20241 Oct 2023 – 30 Sep 2024

SBA loans in New York, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 5,011 loans in New York: 4,817 under 7(a) and 194 under 504, worth $1.68bn.

That is up 17% on FY2023, when there were 4,294 approvals worth $1.50bn.

New York accounted for 6.6% of the 76,235 approvals nationwide that year. 157 lenders had at least one approval in the state; TD Bank, National Association had the most, 1,067.

5,011approvalsFY2023: 4,294
$1.68bndollars approvedFY2023: $1.50bn
$120Kmedian 7(a) approvalFY2023: $100K
157lenders with an approval
39,273jobs supported, as reported

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 FY2024, of 157 active.

#LenderProgramApprovalsDollarsShare of stateFY2023Change
1TD Bank, National Association7(a)1,067$129M21.3%1,080-13
2Manufacturers and Traders Trust Company7(a)498$50.3M9.9%727-229
3JPMorgan Chase Bank, National Association7(a)425$97.2M8.5%279+146
4BayFirst National Bank7(a)332$45.8M6.6%229+103
5Readycap Lending, LLC7(a)321$105M6.4%52+269
6Newtek Bank, National Association7(a)255$158M5.1%97+158
7Empire State Certified Development Corporation504155$194M3.1%162-7
8Northeast Bank7(a)144$17.1M2.9%40+104
9KeyBank National Association7(a)128$15.7M2.6%187-59
10Webster Bank National Association7(a)119$31.9M2.4%17+102
11ESL FCU7(a)105$14.2M2.1%46+59
12Five Star Bank7(a)102$8.1M2.0%51+51
13The Huntington National Bank7(a)95$36.0M1.9%121-26
14Lendistry SBLC, LLC7(a)95$12.0M1.9%6+89
15FinWise Bank7(a)55$42.4M1.1%63-8
16Live Oak Banking Company7(a)48$62.6M1.0%42+6
17Bank of America, National Association7(a)48$22.9M1.0%56-8
18Celtic Bank Corporation7(a)44$19.7M0.9%36+8
19Colony Bank7(a)42$5.6M0.8%9+33
20Hanover Community Bank7(a)40$36.7M0.8%50-10
21NBT Bank, National Association7(a)37$10.6M0.7%30+7
22Tompkins Community Bank7(a)33$5.3M0.7%16+17
23Northwest Bank7(a)31$7.2M0.6%39-8
24NewBank7(a)29$31.9M0.6%32-3
25Citibank, N.A.7(a)29$13.8M0.6%23+6
26Wells Fargo Bank National Association7(a)27$17.1M0.5%25+2
27First Bank of the Lake7(a)26$25.0M0.5%16+10
28Trenton Business Assistance Corporation50425$32.1M0.5%18+7
29New York Business Development Corporation7(a)24$14.6M0.5%18+6
30Arrow Bank National Association7(a)22$2.3M0.4%26-4
31Genesee Regional Bank7(a)21$12.5M0.4%22-1
32Bank of Hope7(a)20$7.8M0.4%10+10
33TowneBank7(a)19$17.0M0.4%9+10
34The Adirondack Trust Company7(a)19$2.5M0.4%17+2
35New Millennium Bank7(a)18$20.5M0.4%17+1
36United Midwest Savings Bank National Association7(a)18$5.1M0.4%11+7
37Brooklyn Cooperative Federal Credit Union7(a)17$553K0.3%11+6
38Accompany Capital7(a)16$3.7M0.3%8+8
39Heritage Bank Inc7(a)16$2.9M0.3%11+5
40Stearns Bank National Association7(a)15$4.9M0.3%5+10

Approvals by county

#CountyApprovalsDollarsShare of stateFY2023Change
1Kings County775$265M15.5%637+138
2New York County555$228M11.1%461+94
3Suffolk County506$189M10.1%457+49
4Queens County437$150M8.7%372+65
5Nassau County413$159M8.2%419-6
6Rockland County293$88.4M5.8%245+48
7Westchester County246$88.8M4.9%195+51
8Erie County209$41.5M4.2%201+8
9Monroe County208$48.8M4.2%165+43
10Orange County188$63.6M3.8%161+27
11Bronx County120$32.3M2.4%112+8
12Richmond County106$23.0M2.1%79+27
13Onondaga County93$36.8M1.9%80+13
14Saratoga County63$20.4M1.3%630
15Albany County58$23.1M1.2%57+1
16Dutchess County57$19.3M1.1%44+13
17Niagara County40$14.5M0.8%26+14
18Ulster County35$8.1M0.7%24+11
19Rensselaer County34$8.8M0.7%18+16
20Sullivan County32$9.2M0.6%29+3
21Oneida County30$6.0M0.6%40-10
22Ontario County30$12.0M0.6%21+9
23Wayne County28$8.7M0.6%11+17
24Chautauqua County25$5.9M0.5%13+12
25Steuben County25$8.8M0.5%15+10
26Livingston County24$2.4M0.5%15+9
27Schenectady County24$8.1M0.5%15+9
28Genesee County22$1.1M0.4%20+2
29Putnam County22$3.4M0.4%23-1
30Oswego County21$7.2M0.4%7+14
31Broome County20$9.6M0.4%200
32Warren County18$10.9M0.4%34-16
33Orleans County18$3.9M0.4%3+15
34Chemung County16$1.7M0.3%11+5
35Cattaraugus County16$2.4M0.3%21-5
36Clinton County16$4.0M0.3%8+8
37Washington County15$4.2M0.3%10+5
38Jefferson County15$5.7M0.3%10+5
39Cayuga County15$3.1M0.3%3+12
40Herkimer County14$5.5M0.3%10+4

The 40 counties with the most approvals; every county is on the New York page.

FY2024 against FY2023

New YorkFY2024FY2023
7(a) approvals4,8174,094
7(a) dollars$1.45bn$1.26bn
Median 7(a) approval$120K$100K
504 approvals194200
504 dollars$237M$236M
Jobs supported, as reported39,27333,540

Questions and answers

Which lenders made the most SBA loans in New York in FY2024?

TD Bank, National Association (1,067), Manufacturers and Traders Trust Company (498), JPMorgan Chase Bank, National Association (425), BayFirst National Bank (332), Readycap Lending, LLC (321). 157 lenders had at least one approval.

How many SBA loans were approved in New York in FY2024?

5,011: 4,817 under 7(a) worth $1.45bn and 194 under 504 worth $237M.

Which New York counties had the most SBA approvals in FY2024?

Kings County (775), New York County (555), Suffolk County (506), Queens County (437), Nassau County (413).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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