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
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).
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