State lending data
SBA lending in New York
14,403 SBA 7(a) loans went to businesses in New York recently, at a median of $130,000. The lenders that made them, what they charged, and how the state is trending.
14,403 SBA 7(a) loans went to businesses in New York in the most recent fiscal years, at a median of $130,000. The most active lender in the state was TD Bank, with 2,862 loans. Approvals are down 25.8% on the year.
SBA lending in New York, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans actually approved to businesses in New York, not advertised ranges.
| Measure | New York | National |
|---|---|---|
| Loans approved | 14,403 | 214,102 |
| Total approved | $4.7 billion | $104.1 billion |
| Median loan | $130,000 | $150,000 |
| 25th – 75th percentile | $50,000 – $300,000 | $50,000 – $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.93% | 10.25% |
| Share to startups | 25.6% | 33.6% |
| Charge-off rate, FY2010–19 | 8.3% | 7.1% |
| Jobs supported | 108,800 | 2,142,602 |
| Counties with recorded lending | 62 | — |
| Lenders active in the state | 218 | — |
Is SBA lending in New York growing or shrinking?
Shrinking, along with almost every other state. Comparing December 2025 to June 2026 with December 2024 to June 2025, the same months a year earlier, 7(a) approvals to businesses in New York went from 2,638 to 1,957 loans, down 25.8% — while the dollars approved went from $901.1 million to $771.4 million, down 14.4%. The average approval rose from $341,577 to $394,183, so the change is weighted toward larger loans.
New York is falling harder than most of the country: 40th of 51 for year-on-year change, against a national decline of 21.0%.
| Fiscal year | Loans in New York | Loans nationally | State share |
|---|---|---|---|
| FY2023 | 3,660 | 51,747 | 7.1% |
| FY2024 | 4,219 | 62,618 | 6.7% |
| FY2025 | 4,257 | 64,096 | 6.6% |
| FY2026 (part year) | 2,267 | 35,641 | 6.4% |
Which lenders actually fund businesses in New York
Ranked by loans approved inside New York. The median, startup share and rate columns describe each lender's own New York loans, not its national averages — the same bank often writes very different business from one state to the next.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 2,862 | $50,000 | 27% | 11.50% |
| Manufacturers and Traders Trust Company | 2,285 | $50,000 | 36% | 11.25% |
| JPMorgan Chase Bank | 1,079 | $165,000 | 5% | 12.30% |
| Readycap Lending, LLC | 682 | $348,500 | 6% | 11.25% |
| BayFirst National Bank | 666 | $150,000 | 1% | 12.50% |
| Newtek Bank | 550 | $200,000 | 15% | 11.25% |
| KeyBank | 482 | $45,400 | 70% | 11.27% |
| Northeast Bank | 409 | $125,000 | 8% | 10.75% |
| The Huntington National Bank | 356 | $320,000 | 45% | 10.25% |
| Lendistry SBLC, LLC | 338 | $150,000 | 0% | 12.25% |
| Esl Fcu | 286 | $50,000 | 39% | 9.25% |
| Five Star Bank | 268 | $33,850 | 25% | 10.00% |
What stands out about New York
Reading the state's own figures against the national picture:
- Loans here run smaller than average. The median of $130,000 is 13% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, and the rate here does run above the national median — see below.
- This is a hard market for new businesses. Only 25.6% of these loans went to startups, against 33.6% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- Rates run higher here. The median initial rate of 10.93% is 0.68 points above the 10.25% national median. Most 7(a) lending is variable-rate, so treat this as a comparison between markets, not a quote.
Who borrows in New York
The industry mix of SBA borrowers here, led by retail.
| Sector | Loans | Share | Median loan | To startups |
|---|---|---|---|---|
| Retail | 2,057 | 14.3% | $150,000 | 24% |
| Construction | 2,037 | 14.1% | $105,000 | 18% |
| Professional Services | 1,815 | 12.6% | $110,000 | 18% |
| Restaurants and Hotels | 1,553 | 10.8% | $150,000 | 43% |
| Personal Services | 1,285 | 8.9% | $95,000 | 29% |
| Healthcare | 969 | 6.7% | $150,000 | 26% |
| Wholesale | 960 | 6.7% | $150,000 | 13% |
| Admin Services | 799 | 5.5% | $100,000 | 30% |
| Manufacturing | 720 | 5.0% | $150,000 | 22% |
| Trucking | 572 | 4.0% | $51,150 | 31% |
| Arts and Recreation | 531 | 3.7% | $150,000 | 48% |
| Real Estate | 314 | 2.2% | $100,000 | 26% |
Where the money goes in New York
SBA lending is more concentrated than state totals suggest, and Kings County alone accounts for 14% of the state's loans.
| County | Loans | Median loan | Total approved |
|---|---|---|---|
| Kings County | 2,041 | $150,000 | $668.4 million |
| New York County | 1,533 | $150,000 | $583.3 million |
| Suffolk County | 1,492 | $144,800 | $545.6 million |
| Nassau County | 1,218 | $150,000 | $446.2 million |
| Queens County | 1,201 | $100,000 | $395.4 million |
| Rockland County | 828 | $150,000 | $243.0 million |
| Westchester County | 730 | $150,000 | $252.0 million |
| Erie County | 704 | $75,000 | $174.5 million |
| Monroe County | 658 | $75,000 | $165.9 million |
| Orange County | 560 | $150,000 | $195.1 million |
| Bronx County | 351 | $100,000 | $90.5 million |
| Richmond County | 305 | $100,000 | $74.8 million |
SBA 504 in New York
7(a) is the general-purpose program. 504 is the one for buying the building or the heavy equipment, at a long fixed rate — a different program with its own lenders, called Certified Development Companies.
| Measure | New York 504 | National 504 |
|---|---|---|
| Projects approved | 695 | 22,192 |
| Median CDC share | $786,000 | $730,000 |
| Median total project | $1,702,500 | $1,642,000 |
| Median term | 25 years | 25 years |
- Which CDCs operate here, and on what terms: SBA 504 in New York
- How the two programs differ: SBA 504 loans and SBA 7(a) loans
How to use this page
- Start from the lender table, not a search engine. Shortlist three whose median loan in New York is near what you need. Size match beats brand.
- Follow your industry link in the sector table for the lenders that fund your kind of business in this state specifically.
- Then your county, if it is listed, for the local picture.
- Check the payment before you apply with the affordability calculator — lenders decline on cash flow more than on anything else.
- Filter the whole lender file yourself in the lender finder if you want to combine state, industry, loan size and business age at once.
Other states
- States of comparable lending volume: Texas, Ohio, Florida, Michigan, California, New Jersey
Questions people actually ask
How many SBA loans are approved in New York each year?
14,403 SBA 7(a) loans were approved to businesses in New York across fiscal years 2023 to 2026, using data released June 2026, worth $4.7 billion in total. Over the most recent comparable months the number of approvals ran down 25.8% year on year, while the dollars approved ran down 14.4%.
Which bank approves the most SBA loans in New York?
TD Bank, with 2,862 loans approved to businesses in the state and a median loan of $50,000. That makes it the most active, not necessarily the best fit — a lender whose median is far from your number is usually the wrong call.
Do I have to use a lender based in New York?
No. SBA lenders routinely lend across state lines and several of the largest are non-bank lenders with no branches at all. What the state data tells you is which institutions are already comfortable with businesses like yours here.