SBA data · New York
SBA lending in New York
63,396 loans worth $22.16B have been approved for New York projects since FY2010 - the #4 state by SBA dollars, 4.4% of the national total.
State rank
#4
by dollars approved
Approved
$22.16B
FY2010 onward
Loans
63,396
Median loan
$100,000
-44% vs national
Median 7(a) rate
7.40%
Jobs supported
528,079
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in New York
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in NY | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Empire State Certified Development Corporation | $3.19B | 3,534 | $903,277 | |
| 2 | NewBank | $1.20B | 1,060 | $1,134,900 | |
| 3 | Manufacturers and Traders Trust Company | $1.15B | 9,434 | $122,369 | |
| 4 | TD Bank | $1.01B | 8,245 | $123,062 | |
| 5 | JPMorgan Chase Bank | $998.3M | 7,056 | $141,487 | |
| 6 | Live Oak Banking Company | $761.5M | 629 | $1,210,663 | |
| 7 | KeyBank | $665.4M | 2,840 | $234,293 | |
| 8 | Newtek Small Business Finance, Inc. | $558.0M | 745 | $748,982 | |
| 9 | FinWise Bank | $542.1M | 476 | $1,138,914 | |
| 10 | Dime Commercial Bank | $492.7M | 530 | $929,685 | |
| 11 | Bank of Hope | $475.0M | 753 | $630,795 | |
| 12 | The Bank of Princeton | $456.8M | 454 | $1,006,242 |
By sector in New York
- Restaurants & Hotels7,947 · $3.88B
- Retail6,373 · $2.81B
- Health Care5,087 · $1.99B
- Wholesale4,487 · $1.96B
- Construction7,479 · $1.70B
- Professional Services6,831 · $1.69B
- Other Services5,529 · $1.60B
- Arts & Recreation2,015 · $759.2M
- Administrative & Waste2,837 · $669.9M
- Real Estate1,351 · $581.2M
- Manufacturing1,463 · $567.8M
- Transportation1,993 · $443.5M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in New York. The final bar is a partial fiscal year.
Loan sizes in New York
- Under $50K27%
- $50K - $150K29%
- $150K - $350K20%
- $350K - $1M15%
- $1M - $2M5%
- Over $2M4%
SBA lending in New York: common questions
- How many SBA loans are approved in New York?
- 63,396 SBA 7(a) and 504 loans totalling $22,164,387,800 have been approved for projects in New York since fiscal year 2010, ranking it #4 among states and territories by dollars approved - 4.4% of all SBA lending nationally.
- Which lenders make the most SBA loans in New York?
- By dollars approved in New York, the most active lenders are Empire State Certified Development Corporation, NewBank, Manufacturers and Traders Trust Company, TD Bank, JPMorgan Chase Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in New York?
- The median gross approval in New York is $100,000, 44% below the national median of $180,000. Half of all loans in the state fall between $23,000 and $883,000.
- Do I need to use a lender based in New York?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in New York, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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