Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
SBA lender · 7(a) program
Lake Shore Bank
Lake Shore Bank has approved 26 SBA loans worth $3.2M since FY2010. Everything below comes from the SBA’s own loan-level records.
National rank
-
<0.01% of all SBA dollars
Total approved
$3.2M
FY2010 onward
Loans
26
Median loan
$85,000
-53% vs national
Median rate
6.13%
-0.62 pts vs national
Charge-off rate
-
Cohort too small
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.
Reading the record
What Lake Shore Bank’s numbers say
Lake Shore Bank sits in the long tail of the SBA lending field, having approved 26 loans for a gross total of $3.2M since fiscal 2010. Its median loan of $85,000 is well below the $180,000 national median, typical of a lender leaning on SBA Express and smaller working-capital facilities.
The median initial note rate across its 7(a) approvals is 6.13%, 0.62 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Roughly 23% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally.
Where Lake Shore Bank lends
| State | Loans | Share |
|---|---|---|
| New York | 26 |
What it lends against
Lake Shore Bank made 18 of these loans under the SBA Express programme, median $80,000. Compare SBA Express lenders.
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.
A different SBA 7(a) lender
SmartBiz is a separate company from Lake Shore Bank. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. 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.
Questions about Lake Shore Bank
- How many SBA loans has Lake Shore Bank approved?
- Lake Shore Bank has approved 26 SBA loans totalling $3,215,700 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it outside the top 500 among all SBA lenders by dollars approved.
- What is the typical Lake Shore Bank SBA loan size?
- The median gross approval is $85,000, with the middle 80% of loans falling between $30,000 and $250,000. The national median across all SBA lenders is $180,000.
- What interest rate does Lake Shore Bank charge on SBA 7(a) loans?
- The median initial note rate on Lake Shore Bank's 7(a) approvals is 6.13%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
Where to go from here
Looking into a lender or broker this site does not profile? Check a business with Jid to read its public registry record.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.