SBA lender profile
Business Initiative Corporation of New York
Business Initiative Corporation of New York appears in the public SBA loan data with 113 funded 504 and 7(a) loans totaling $122.2M, an average of $1.1M per loan, and an estimated 1,336 jobs supported. Its SBA lending concentrates in New York and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
113
Total volume
$122.2M
Average loan size
$1.1M
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
1,336
Programs
504 and 7(a)
Where Business Initiative Corporation of New York lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| New York | 113 | $122.2M |
What Business Initiative Corporation of New York funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 26 | $45.9M |
| Manufacturing | 13 | $13.7M |
| Health Care and Social Assistance | 9 | $10.6M |
| Retail Trade | 14 | $10.4M |
| Wholesale Trade | 9 | $9.3M |
| Construction | 10 | $8.9M |
Business Initiative Corporation of New York SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 6 | $5.6M |
| 2011 | 8 | $9.5M |
| 2012 | 9 | $10.4M |
| 2013 | 9 | $4.7M |
| 2014 | 9 | $9.9M |
| 2015 | 7 | $9.3M |
| 2016 | 5 | $6.2M |
| 2017 | 5 | $5.9M |
| 2018 | 3 | $2.1M |
| 2019 | 4 | $6.2M |
| 2020 | 5 | $2.8M |
| 2021 | 5 | $3.0M |
| 2022 | 15 | $23.4M |
| 2023 | 5 | $4.9M |
| 2024 | 10 | $7.0M |
| 2025 | 7 | $10.4M |
| 2026 | 1 | $747K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Business Initiative Corporation of New York's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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