New York · Finance & Insurance
SBA loans for finance & insurance in New York
1,112 loans worth $369.4M approved since FY2010 for finance and insurance projects located in New York.
Loans
1,112
Approved
$369.4M
Median loan
$114,000
-43% vs sector nationally
Median rate
7.25%
Jobs supported
5,517
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 finance & insurance in New York
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 90 | $71.5M | |
| Empire State Certified Development Corporation | 58 | $27.2M | |
| Manufacturers and Traders Trust Company | 201 | $21.5M | |
| Newtek Bank | 24 | $19.0M | |
| Newtek Small Business Finance, Inc. | 20 | $15.5M | |
| TD Bank | 122 | $15.5M | |
| FinWise Bank | 23 | $14.8M | |
| Byline Bank | 19 | $14.6M |
Detail
Which industries inside the sector
All SBA lending in New York
63,396 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in New York?
- 1,112 SBA loans totalling $369,421,000 have been approved for finance and insurance projects in New York since FY2010.
- Which lenders finance finance & insurance in New York?
- The most active by dollars approved are Live Oak Banking Company, Empire State Certified Development Corporation, Manufacturers and Traders Trust Company, Newtek Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in New York?
- The median approval is $114,000, 43% below the national median for this sector ($200,000).
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