SBA Lenders in New York
Top lenders ranked by real SBA lending data. See who's most active in New York across deal count, loan size, and pricing.
What Borrowers Should Know
New York's median 7(a) spread of P+2.32% is 43 basis points below the national median of P+2.75%, meaning borrowers here pay significantly less interest on SBA loans. With 254 active lenders competing in the state, this below-market pricing suggests strong competition is working in your favor—shop around, but you're already starting from a favorable position.
Two lenders—Manufacturers and Traders Trust Company and TD Bank—account for 2,862 of New York's 7,896 deals (36% of all SBA lending). While concentration this high can limit your options, it also means these two have built efficient processes for NY deals. If your business fits their underwriting profile, you may get faster approvals; if not, you'll need to work with one of the remaining 252 lenders, which may involve longer timelines.
The average deal size in New York is $271,347, which is fairly modest compared to the total volume of $2.143 billion. This suggests the state's SBA lending ecosystem is built for small businesses, not large ones. If your loan request is under $400,000, you're in the mainstream; if you need significantly more, you may face pushback or longer negotiations.
Total SBA Loans
7,893
Active Lenders
203
Avg Deal Size
$271K
Total Volume
$2.1B
Top 10 Lenders in New York
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | Bank | 1,553 | $136K | P + 2.00%GOOD | |
| 2 | TD Bank, National Association | Bank | 1,348 | $112K | P + 2.00%GOOD | |
| 3 | JPMorgan Chase Bank, National Association | Bank | 876 | $156K | P + 2.40%AVERAGE | |
| 4 | KeyBank National Association | Bank | 387 | $165K | P + 2.25%GOOD | |
| 5 | Five Star Bank | Bank | 361 | $77K | P + 2.00%GOOD | |
| 6 | Empire State Certified Develop | CDC/504 | 297 | $986K | — | |
| 7 | Citibank, N.A. | Bank | 277 | $95K | P + 1.75%GOOD | |
| 8 | Brookline Bank, a Division of Beacon Bank and Trust | Bank | 169 | $126K | P + 2.00%GOOD | |
| 9 | ESL FCU | Bank | 163 | $88K | P + 0.88%COMPETITIVE | |
| 10 | Northeast Bank | Bank | 140 | $222K | P + 2.75%AVERAGE |
Top Industries in New York
SBA lending activity by industry segment.