Best SBA lenders
Best SBA lenders in New York
The most active SBA lenders in New York, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Manufacturers and Traders Trust Company leads with 9,215 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in New York
The full New York ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its New York lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in New York; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 9,215 | $1.1B | $123K | 6.75% |
| 2 | TD Bank, National Association | 8,120 | $1.0B | $123K | 10.37% |
| 3 | JPMorgan Chase Bank, National Association | 6,989 | $984.0M | $141K | 6.27% |
| 4 | Empire State Certified Development Corporation | 3,504 | $3.2B | $904K | 9.67% |
| 5 | KeyBank National Association | 2,811 | $654.5M | $233K | 2.67% |
| 6 | Five Star Bank | 1,882 | $206.7M | $110K | 2.71% |
| 7 | NBT Bank, National Association | 1,119 | $228.6M | $204K | 3.93% |
| 8 | BayFirst National Bank | 1,087 | $210.5M | $194K | 5.24% |
| 9 | NewBank | 1,058 | $1.2B | $1.1M | 1.98% |
| 10 | Northeast Bank | 1,014 | $191.7M | $189K | 1.68% |
| 11 | Beacon Bank and Trust | 972 | $211.0M | $217K | 3.81% |
| 12 | ESL FCU | 871 | $92.7M | $106K | 2.99% |
| 13 | Readycap Lending, LLC | 850 | $324.6M | $382K | 0.59% |
| 14 | Santander Bank, National Association | 843 | $91.8M | $109K | 7.00% |
| 15 | Citibank, N.A. | 778 | $138.8M | $178K | 1.54% |
| 16 | Wells Fargo Bank National Association | 776 | $319.7M | $412K | 6.70% |
| 17 | Newtek Bank, National Association | 768 | $385.9M | $502K | 0.00% |
| 18 | Bank of Hope | 750 | $468.0M | $624K | 4.67% |
| 19 | Newtek Small Business Finance, Inc. | 744 | $557.9M | $750K | 2.28% |
| 20 | Citizens Bank, National Association | 685 | $107.0M | $156K | 3.80% |
| 21 | New York Business Development Corporation | 677 | $380.8M | $562K | 6.65% |
| 22 | Celtic Bank Corporation | 616 | $238.8M | $388K | 9.09% |
| 23 | Community Bank, National Association | 609 | $90.4M | $148K | 3.12% |
| 24 | Live Oak Banking Company | 601 | $732.9M | $1.2M | 0.67% |
| 25 | Dime Community Bank | 530 | $492.7M | $930K | 1.32% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in New York
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in New York by each program's loans funded since FY2010:
- 1. Manufacturers and Traders Trust Company 9,215 loans
- 2. TD Bank, National Association 8,120 loans
- 3. JPMorgan Chase Bank, National Association 6,989 loans
- 4. KeyBank National Association 2,811 loans
- 5. Five Star Bank 1,882 loans
- 1. Empire State Certified Development Corporation 3,235 loans
- 2. Trenton Business Assistance Corporation 231 loans
- 3. Monroe County Industrial Development Corporation 156 loans
- 4. Greater Syracuse Business Development Corporation 111 loans
- 5. Business Initiative Corporation of New York 107 loans
Counts are each program's funded loans in New York. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in New York
The 3 industries with the most SBA loans in New York since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Retail Trade | 9,538 | $3.7B | Manufacturers and Traders Trust Company (1,389 loans) |
| Accommodation and Food Services | 7,824 | $3.8B | Manufacturers and Traders Trust Company (1,070 loans) |
| Construction | 7,355 | $1.7B | Manufacturers and Traders Trust Company (1,517 loans) |
Full industry, city, and yearly breakdowns: SBA lending in New York.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to New York businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the New York table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in New York; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in New York: frequently asked questions
Who is the most active SBA lender in New York?
Manufacturers and Traders Trust Company is the most active SBA lender in New York in the public record, with 9,215 7(a) and 504 loans funded since FY2010 ($1.1B in New York). The ranking counts loans funded, never who pays us.
Do these lenders only serve New York?
No. The ranking measures activity in New York: loans funded to New York businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their New York lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in New York?
177 lenders have funded at least 10 SBA loans in New York since FY2010 in the public record (as of 2026-03-31). The table above names the 25 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in New York. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/ny/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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