Local lending data
Who lends to businesses in New York County?
1,533 SBA 7(a) loans went to businesses in New York County recently, at a median of $150,000. The lenders that made them, ranked, with local rates and startup share.
1,533 SBA 7(a) loans went to businesses in New York County in the most recent fiscal years, at a median of $150,000. The most active lender was TD Bank, with 296 loans.
SBA lending in New York County, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans that were actually approved to businesses in this county, not advertised ranges.
| Measure | New York County | New York | National |
|---|---|---|---|
| Loans approved | 1,533 | 14,403 | 214,102 |
| Median loan | $150,000 | $130,000 | $150,000 |
| 25th - 75th percentile | $60,000 - $350,000 | $50,000 - $300,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 11.00% | 10.93% | 10.25% |
| Share to startups | 21.9% | 25.6% | 33.6% |
| Charge-off rate, FY2010-19 | 8.2% | 8.3% | 7.1% |
| Jobs supported | 15,647 | 108,800 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in New York County. The median, startup share and rate columns describe each lender's own loans in this county, not its national averages.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 296 | $50,000 | 25% | 11.50% |
| JPMorgan Chase Bank | 210 | $188,500 | 7% | 11.50% |
| Newtek Bank | 120 | $212,500 | 12% | 11.25% |
| BayFirst National Bank | 92 | $150,000 | 0% | 12.25% |
| Manufacturers and Traders Trust Company | 78 | $65,000 | 41% | 11.00% |
| Readycap Lending, LLC | 71 | $100,000 | 13% | 11.50% |
| Northeast Bank | 70 | $150,000 | 11% | 10.62% |
| Lendistry SBLC, LLC | 61 | $150,000 | 0% | 12.25% |
| The Huntington National Bank | 55 | $335,000 | 36% | 10.75% |
| NewBank | 33 | $500,000 | 73% | 9.25% |
What stands out here
Reading these figures against the national picture:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- This is a hard market for new businesses. Only 22% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- No single lender dominates, but the top three made 41% of these loans, so the shortlist below covers most of the active market.
- Rates run higher here. The median initial rate of 11.00% is 0.75 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Who borrows in New York County
The mix of industries taking SBA loans here, led by professional services.
| Sector | Loans | Share |
|---|---|---|
| Professional Services | 357 | 23.3% |
| Restaurants and Hotels | 229 | 14.9% |
| Retail | 195 | 12.7% |
| Personal Services | 145 | 9.5% |
| Healthcare | 121 | 7.9% |
| Arts and Recreation | 95 | 6.2% |
| Wholesale | 92 | 6.0% |
| Construction | 52 | 3.4% |
How to use this
- Shortlist three lenders from the table whose median loan in this county is close to what you need. Size match matters more than brand.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year — see choosing an SBA lender.
- Check your coverage first with the affordability calculator, so you ask for a number your cash flow supports.
- Follow your sector link in the table above for lender data specific to your industry across New York.
Other counties in New York
- Nearby markets with published data: Kings County, Suffolk County, Nassau County, Queens County, Rockland County, Westchester County, Erie County, Monroe County