GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
4,081
2010–2026
Total Volume
$4.0B
Gross loan amounts
States Active
9
With recorded loans
Programs
504
4044 total segments
Empire State Certified Development is a 504-only lender, which means they specialize in financing real estate and equipment for established businesses. With 82% of their deals focused on existing businesses, they are particularly well-suited for borrowers looking to expand or upgrade their operations rather than start new ventures.
The average deal size at Empire State is nearly $1 million, with a significant number of deals falling in the $500K-$1M range. If you're seeking a loan in this size category, this lender could be a strong fit, especially for established businesses looking to finance substantial projects.
Despite their strong performance in the 504 space, Empire State has experienced a -6% decline in year-over-year growth, indicating a potential tightening in their lending activity. Borrowers should consider this trend when applying, as it may affect approval rates or the lender's willingness to take on new projects.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 4,044 504 loans, which use fixed SBA debenture rates.
States where Empire State Certified Develop has recorded SBA lending activity.
+ 4 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Physician & Dental Offices
Health Care & Social Assistance
Hotels & Accommodation
Accommodation & Food Services
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
+ 7 more
All recorded SBA lending activity for Empire State Certified Develop, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| New York · Manufacturing · $500K – $1M | 504 | 107 | — | $720K | Q4 2025 |
| New York · Restaurants & Food Service · $150K – $350K | 504 | 85 | — | $242K | Q4 2025 |
| New York · Physician & Dental Offices · $500K – $1M | 504 | 85 | — | $704K | Q3 2025 |
| New York · Manufacturing · $1M – $2M | 504 | 85 | — | $1.4M | Q3 2025 |
| New York · Wholesale Trade · $1M – $2M | 504 | 83 | — | $1.4M | Q4 2025 |
| New York · Restaurants & Food Service · $500K – $1M | 504 | 71 | — | $661K | Q4 2025 |
| New York · Manufacturing · $150K – $350K | 504 | 67 | — | $274K | Q1 2025 |
| New York · Wholesale Trade · $500K – $1M | 504 | 66 | — | $697K | Q4 2025 |
| New York · Hotels & Accommodation · $2M – $5M | 504 | 64 | — | $3.4M | Q4 2025 |
| New York · Wholesale Trade · $2M – $5M | 504 | 61 | — | $3.4M | Q4 2025 |
| New York · Physician & Dental Offices · $150K – $350K | 504 | 59 | — | $263K | Q4 2025 |
| New York · Specialty Trade Contractors · $500K – $1M | 504 | 58 | — | $734K | Q4 2025 |
| New York · Manufacturing · $2M – $5M | 504 | 52 | — | $2.6M | Q1 2025 |
| New York · Restaurants & Food Service · $350K – $500K | 504 | 52 | — | $414K | Q4 2025 |
| New York · Other Health Practitioners · $150K – $350K | 504 | 50 | — | $252K | Q4 2025 |
| New York · Physician & Dental Offices · $350K – $500K | 504 | 48 | — | $436K | Q3 2025 |
| New York · Hotels & Accommodation · $1M – $2M | 504 | 43 | — | $1.4M | Q4 2025 |
| New York · Physician & Dental Offices · $1M – $2M | 504 | 41 | — | $1.4M | Q2 2025 |
| New York · Specialty Trade Contractors · $150K – $350K | 504 | 38 | — | $257K | Q3 2025 |
| New York · Specialty Trade Contractors · $1M – $2M | 504 | 37 | — | $1.4M | Q3 2025 |
| New York · Wholesale Trade · $150K – $350K | 504 | 36 | — | $268K | Q2 2025 |
| New York · Manufacturing · $350K – $500K | 504 | 36 | — | $424K | Q2 2025 |
| New York · Restaurants & Food Service · Under $150K | 504 | 34 | — | $111K | Q1 2025 |
| New York · Restaurants & Food Service · $1M – $2M | 504 | 34 | — | $1.4M | Q2 2024 |
| New York · Retail Trade · $500K – $1M | 504 | 31 | — | $706K | Q3 2025 |
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