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New York · Restaurants & Hotels
SBA loans for restaurants & hotels in New York
7,947 loans worth $3.88B approved since FY2010 for accommodation and food services projects located in New York.
Loans
7,947
Approved
$3.88B
Median loan
$150,000
-50% vs sector nationally
Median rate
7.00%
Jobs supported
106,848
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.
Lenders
Who lends to restaurants & hotels in New York
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Empire State Certified Development Corporation | 568 | $565.5M | |
| NewBank | 396 | $491.8M | |
| The Bank of Princeton | 145 | $212.3M | |
| Manufacturers and Traders Trust Company | 1,091 | $127.4M | |
| Hanover Community Bank | 56 | $105.1M | |
| Bank of Hope | 140 | $99.2M | |
| New York Business Development Corporation | 172 | $88.3M | |
| Hanmi Bank | 38 | $87.4M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for restaurants & hotels in New York since FY2010 was $150,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in New York
63,396 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in New York?
- 7,947 SBA loans totalling $3,875,419,100 have been approved for accommodation and food services projects in New York since FY2010.
- Which lenders finance restaurants & hotels in New York?
- The most active by dollars approved are Empire State Certified Development Corporation, NewBank, The Bank of Princeton, Manufacturers and Traders Trust Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in New York?
- The median approval is $150,000, 50% below the national median for this sector ($300,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.