In the bustling business landscape of New York, where opportunities are as diverse as the city itself, Small Business Administration (SBA) loans are instrumental in fostering growth. Let’s explore the top SBA lenders in the state, each offering unique strengths and opportunities for local entrepreneurs:
New York’s Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 532 | $101,620 | 9.4% |
| 2 | M&T | Buffalo, NY | 513 | $149,260 | 8.5% |
| 3 | KeyBank | Cleveland, OH | 141 | $175,826 | 7.8% |
| 4 | JPMorgan Chase Bank | Columbus, OH | 138 | $232,972 | 7.0% |
| 5 | BayFirst National Bank | Saint Petersburg, FL | 113 | $210,817 | 9.0% |
| 6 | Newtek Small Business Finance | Lake Success, NY | 76 | $620,928 | 8.1% |
| 7 | FinWise Bank | Sandy, UT | 68 | $1,322,537 | 7.3% |
| 8 | BancorpSouth Bank | Tupelo, MS | 57 | $284,035 | 7.8% |
| 9 | Readycap Lending, LLC | Berkeley Heights, NJ | 46 | $307,957 | 7.9% |
| 10 | Celtic Bank | Salt Lake City, UT | 41 | $508,222 | 7.9% |
| 11 | Wells Fargo | Sioux Falls, SD | 31 | $608,490 | 8.4% |
| 12 | Live Oak | Wilmington, NC | 30 | $1,304,167 | 6.6% |
| 13 | Dime Community Bank | Bridgehampton, NY | 29 | $865,241 | 7.6% |
| 14 | Five Star Bank | Warsaw, NY | 29 | $149,817 | 6.8% |
| 15 | NewBank | New York City, NY | 28 | $1,696,429 | 6.4% |
| 16 | Genesee Regional Bank | Rochester, NY | 27 | $355,278 | 5.8% |
| 17 | Bank of America | Charlotte, NC | 26 | $607,538 | 3.4% |
| 18 | ESL FCU | Rochester, NY | 25 | $80,176 | 6.3% |
| 19 | Hanover Community Bank | Mineola, NY | 19 | $1,616,368 | 7.2% |
| 20 | Northeast Bank | Lewiston, ME | 17 | $25,694 | 8.1% |
| 21 | The Canandaigua National Bank and Trust | Canandaigua, NY | 17 | $433,724 | 5.7% |
| 22 | The Huntington National Bank | Columbus, OH | 17 | $366,606 | 7.0% |
| 23 | Tompkins Community Bank | Ithaca, NY | 17 | $126,906 | 7.1% |
| 24 | Berkshire Bank | Pittsfield, MA | 16 | $535,563 | 7.0% |
| 25 | Brooklyn Cooperative FCU | New York City, NY | 15 | $17,767 | 10.4% |
| 26 | Chemung Canal Trust Company | Elmira, NY | 15 | $82,833 | 5.3% |
| 27 | Community Bank | Canton, NY | 15 | $93,127 | 6.4% |
| 28 | The Adirondack Trust | Saratoga Springs, NY | 15 | $108,300 | 6.2% |
| 29 | Hanmi Bank | Los Angeles, CA | 14 | $1,212,786 | 6.1% |
| 30 | Harvest Small Business Finance | Laguna Hills, CA | 14 | $1,067,286 | 7.9% |
| 31 | United Midwest Savings Bank | De Graff, OH | 14 | $1,362,143 | 6.5% |
| 32 | Cross River Bank | Teaneck, NJ | 12 | $1,266,092 | 6.8% |
| 33 | Five Star Bank | Rancho Cordova, CA | 12 | $330,917 | 6.8% |
| 34 | NBT Bank | Norwich, NY | 12 | $336,142 | 5.5% |
| 35 | Glens Falls National Bank and Trust | Glens Falls, NY | 11 | $61,355 | 6.3% |
| 36 | New Millennium Bank | Fort Lee, NJ | 11 | $1,091,773 | 5.4% |
| 37 | New York Business Development | Albany, NY | 11 | $860,909 | 7.8% |
| 38 | Bank of Hope | Los Angeles, CA | 10 | $601,420 | 6.5% |
| 39 | Citibank | Sioux Falls, SD | 10 | $113,600 | 7.7% |
| 40 | Santander Bank | Wilmington, DE | 10 | $138,380 | 9.4% |
1. TD Bank
TD Bank, though headquartered in Delaware, maintains a strong presence in New York, providing 532 SBA loans. Focusing on accessibility through smaller loan amounts, businesses should be mindful of the higher average interest rate.
2. M&T
M&T, based in Buffalo, NY, stands as a significant player in the state’s SBA lending landscape with 513 loans. Known for a regional focus, M&T offers moderate-sized loans at a competitive interest rate.
3. KeyBank
KeyBank, with its roots in Cleveland, OH, extends its services to New York, offering 141 SBA loans. Striking a balance between accessibility and loan size, it caters to businesses with varying financial needs at a competitive interest rate.
4. JPMorgan Chase Bank
JPMorgan Chase Bank, with a regional focus, provides 138 SBA loans in New York. Businesses benefit from a moderate loan size averaging $232,972 and a competitive interest rate.
5. BayFirst National Bank
BayFirst National Bank, despite being based in Saint Petersburg, FL, actively participates in New York’s SBA lending landscape. Providing 113 loans, it stands as a reliable option for businesses seeking accessible financing with a moderate interest rate.
6. Newtek Small Business Finance
Newtek Small Business Finance, headquartered in Lake Success, NY, actively engages in the state’s business community. With 76 loans averaging $620,928, it provides a reliable option for businesses with substantial financing needs at a competitive interest rate.
7. FinWise Bank
FinWise Bank, based in Sandy, UT, extends its services to New York with 68 SBA loans. Focusing on high-value loans, it caters to businesses with substantial financing needs at a competitive interest rate.
8. BancorpSouth Bank
BancorpSouth Bank, though originating from Tupelo, MS, actively contributes to New York’s SBA lending landscape. Offering 57 loans averaging $284,035, it provides a balanced approach to loan quantity and size with a competitive interest rate.
9. Readycap Lending, LLC
Readycap Lending, based in Berkeley Heights, NJ, actively engages in New York’s SBA lending market. Offering 46 loans averaging $307,957, it provides a balanced approach to loan quantity and size with a competitive interest rate.
10. Celtic Bank
Celtic Bank, headquartered in Salt Lake City, UT, actively engages in New York’s SBA lending landscape. Offering 41 loans averaging $508,222, it provides a reliable option for businesses seeking accessible financing with a competitive interest rate.
New York businesses have a diverse array of SBA lending options, ranging from local players to nationally recognized banks. Entrepreneurs should carefully consider factors such as the lender’s regional focus, loan quantity, average loan amount, and interest rates to make informed decisions that align with their business objectives. Whether seeking smaller, more accessible loans or substantial financial support, these top SBA lenders offer valuable resources to navigate the dynamic business environment in the Empire State.
Top Industries for SBA loans in New York
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Full-Service Restaurants | 112 | $439,193 | 7.9% |
| 2 | Residential Remodelers | 75 | $113,020 | 8.1% |
| 3 | Limited-Service Restaurants | 72 | $362,757 | 7.8% |
| 4 | Landscaping Services | 45 | $117,527 | 8.3% |
| 5 | All Other Specialty Trade Contractors | 44 | $245,352 | 8.0% |
| 6 | Beauty Salons | 42 | $153,436 | 9.1% |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 39 | $294,767 | 7.6% |
| 8 | Supermarkets and Other Grocery (except Convenience) Stores | 37 | $709,984 | 7.7% |
| 9 | Offices of Lawyers | 34 | $394,409 | 7.5% |
| 10 | Insurance Agencies and Brokerages | 32 | $264,641 | 7.6% |
| 11 | Electronic Shopping and Mail-Order Houses | 32 | $174,063 | 7.4% |
| 12 | Snack and Nonalcoholic Beverage Bars | 32 | $305,413 | 8.7% |
| 13 | General Automotive Repair | 31 | $449,471 | 7.6% |
| 14 | Electrical Contractors | 31 | $171,545 | 8.0% |
| 15 | Offices of Physicians (except Mental Health Specialists) | 28 | $797,018 | 7.3% |
| 16 | Fitness and Recreational Sports Centers | 26 | $182,627 | 8.0% |
| 17 | Hotels (except Casino Hotels) and Motels | 26 | $3,050,108 | 6.4% |
| 18 | All Other Personal Services | 25 | $255,280 | 8.5% |
| 19 | Janitorial Services | 25 | $255,068 | 8.1% |
| 20 | General Freight Trucking, Local | 25 | $161,688 | 8.8% |
| 21 | Marketing Consulting Services | 25 | $161,792 | 8.3% |
| 22 | Child Day Care Services | 24 | $536,383 | 8.1% |
| 23 | Other Miscellaneous Durable Goods Merchant Wholesalers | 23 | $744,739 | 8.2% |
| 24 | Other Personal Care Services | 23 | $196,704 | 8.2% |
| 25 | New Single-Family Housing Construction (except Operative Builders) | 22 | $138,300 | 7.5% |
| 26 | Pet Care (except Veterinary) Services | 22 | $274,495 | 7.5% |
| 27 | Offices of Real Estate Agents and Brokers | 21 | $236,024 | 8.5% |
| 28 | Electronic Shopping | 21 | $160,690 | 9.2% |
| 29 | All Other Professional, Scientific, and Technical Services | 21 | $311,143 | 7.5% |
| 30 | Advertising Agencies | 20 | $367,435 | 7.7% |
| 31 | General Freight Trucking, Long Distance, Truckload | 20 | $423,520 | 7.9% |
| 32 | Commercial and Institutional Building Construction | 19 | $475,974 | 7.9% |
| 33 | Administrative Management and General Management Consulting Services | 19 | $99,737 | 9.1% |
| 34 | Other Accounting Services | 18 | $244,339 | 8.4% |
| 35 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 17 | $334,118 | 8.0% |
| 36 | Caterers | 15 | $415,807 | 8.8% |
| 37 | Offices of Certified Public Accountants | 15 | $140,593 | 7.9% |
| 38 | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler | 15 | $724,173 | 7.7% |
| 39 | Offices of Dentists | 15 | $519,473 | 4.9% |
| 40 | Sports and Recreation Instruction | 14 | $243,964 | 7.1% |
Top SBA Loan Franchises in New York
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | blink | 4 | $67,500 | 11.1% |
| 2 | Mosquito Shield | 4 | $150,000 | 6.0% |
| 3 | Comfort Inn | 4 | $2,696,450 | 6.4% |
| 4 | Salsarita’s Fresh Cantina | 4 | $168,500 | 9.7% |
| 5 | Quality Inn | 3 | $4,366,667 | 4.9% |
| 6 | Stretch Lab | 3 | $221,000 | 6.0% |
| 7 | Premier Martial Arts Studio | 3 | $207,367 | 6.4% |
| 8 | Motel 6 | 2 | $2,607,000 | 6.8% |
| 9 | YogaSix | 2 | $194,500 | 6.0% |
| 10 | The Learning Experience | 2 | $501,000 | 6.8% |
| 11 | Anytime Fitness | 2 | $435,000 | 6.3% |
| 12 | Hounds Town USA | 2 | $425,000 | 6.1% |
| 13 | Nothing Bundt Cakes | 2 | $726,900 | 8.5% |
| 14 | Premier Rental-Purchase | 2 | $378,350 | 9.5% |
| 15 | All Dry | 2 | $150,000 | 6.3% |
| 16 | Dale Carnegie | 2 | $275,000 | 5.8% |
| 17 | Restoration 1 | 2 | $175,000 | 6.0% |
| 18 | The UPS Store | 2 | $275,700 | 7.1% |
| 19 | Dogtopia | 2 | $687,500 | 5.8% |
| 20 | CertaPro Painters | 2 | $269,350 | 9.3% |
| 21 | Subway | 2 | $252,500 | 7.1% |
| 22 | Papa John’s | 2 | $1,075,000 | 8.5% |
| 23 | The Grounds Guys | 2 | $150,000 | 6.8% |
Top New York SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | GREATER NEW YORK HC SERVICES L | Brooklyn, NY | Offices of All Other Miscellaneous Health Practitioners | $2.5M – $5M | 8.3% | 300 |
| 2 | ISLAND WIDE BUILDING SERVICES | West Babylon, NY | Janitorial Services | $500K – $1M | 8.3% | 153 |
| 3 | TBSM ADVENTURE CORP. | Dix Hills, NY | All Other Amusement and Recreation Industries | $2.5M – $5M | 8.3% | 153 |
| 4 | LUMOS INFRARED SAUNA STUDIO L | Victor, NY | All Other Personal Services | $250K or less | 6.3% | 147 |
| 5 | MARCOR CONSTRUCTION INC. | West Babylon, NY | Roofing Contractors | $500K – $1M | 8.1% | 106 |
| 6 | MESIKIM INC. | Monroe, NY | Employee Leasing Services | $250K or less | 11.5% | 100 |
| 7 | LEON INDUSTRIES LLC | Buffalo, NY | All Other Rubber Product Manufacturing | $1M – $2.5M | 8.1% | 100 |
| 8 | COOPER FOODS INTERNATIONAL LL | Long Island City, NY | Poultry and Poultry Product Merchant Wholesalers | $1M – $2.5M | 8.0% | 100 |
| 9 | OPERATION CRAFT II LLC | Long Island City, NY | Full-Service Restaurants | $2.5M – $5M | 7.0% | 100 |
| 10 | NEW YORK HOME HEALTH CARE EQUI | Westbury, NY | Home Health Care Services | $1M – $2.5M | 6.0% | 91 |
| 11 | ANTHONY’S WINDOWS ON THE LAKE | Ronkonkoma, NY | Caterers | $250K or less | 10.0% | 90 |
| 12 | THE SERVICE MANUFACTURING GROU | Buffalo, NY | Sheet Metal Work Manufacturing | $250K – $500K | 6.3% | 82 |
| 13 | IBF INC | Rochester, NY | All Other Amusement and Recreation Industries | $250K or less | 7.4% | 80 |
| 14 | JANUS SERVICES INC. | Rochester, NY | Janitorial Services | $250K or less | 4.5% | 80 |
| 15 | SALSARITA UNION INC | Buffalo, NY | Limited-Service Restaurants | $250K – $500K | 9.4% | 80 |
| 16 | OLIVIA’S COOKIES LLC | Levittown, NY | Limited-Service Restaurants | $500K – $1M | 9.0% | 77 |
| 17 | D & C FAMILY II CORP | Flushing, NY | Snack and Nonalcoholic Beverage Bars | $2.5M – $5M | 4.5% | 75 |
| 18 | DORIA INC | Jamaica, NY | Other Building Equipment Contractors | $1M – $2.5M | 8.6% | 74 |
| 19 | ROY H TURNBULL INC | Batavia, NY | Plumbing, Heating, and Air-Conditioning Contractors | $250K – $500K | 5.1% | 68 |
| 20 | SHEEL HOLDINGS CORPORATION | West Hempstead, NY | Industrial Machinery and Equipment Merchant Wholesalers | $1M – $2.5M | 6.0% | 62 |
| 21 | BKBM MYRTLE LLC | Brooklyn, NY | Pet Care (except Veterinary) Services | $250K or less | 5.5% | 60 |
| 22 | DWS ASSOCIATES INC. | Deer Park, NY | Commercial Gravure Printing | $250K – $500K | 5.5% | 60 |
| 23 | SALSARITA TRANSIT INC | Buffalo, NY | Limited-Service Restaurants | $250K or less | 10.0% | 58 |
| 24 | 742 LOGISTICS INC. | New York, NY | Couriers | $1M – $2.5M | 5.8% | 58 |
| 25 | LAKELANDS CONCRETE PRODUCTS I | Lima, NY | Other Concrete Product Manufacturing | $2.5M – $5M | 8.3% | 58 |
| 26 | HARBRO BANQUETS LLC | West Seneca, NY | Caterers | $500K – $1M | 10.5% | 56 |
| 27 | MOMENTUM BEHAVIOR CARE LICENSE | Spring Valley, NY | All Other Miscellaneous Schools and Instruction | $1M – $2.5M | 7.5% | 54 |
| 28 | WINNER BK LLC | Brooklyn, NY | Limited-Service Restaurants | $250K – $500K | 5.9% | 53 |
| 29 | NYC OF PIERMONT LLC | Piermont, NY | Full-Service Restaurants | $500K – $1M | 7.5% | 53 |
| 30 | MONROE PIPING & SHEET METAL L | Rochester, NY | Lessors of Residential Buildingsv and Dwellings | $500K – $1M | 4.8% | 52 |
| 31 | WOW FOODS LLC | Farmingdale, NY | Limited-Service Restaurants | $1M – $2.5M | 4.7% | 52 |
| 32 | ROSIE’S ICE CREAM LLC | Buffalo, NY | Snack and Nonalcoholic Beverage Bars | $250K or less | 9.0% | 50 |
| 33 | APTITUDE 8 INC. | New York, NY | All Other Professional, Scientific, and Technical Services | $250K – $500K | 5.1% | 50 |
| 34 | J & G GROCERIES LLC | Rochester, NY | Supermarkets and Other Grocery (except Convenience) Stores | $250K – $500K | 4.3% | 50 |
| 35 | JERSEY MIKE’S SUBS | Rochester, NY | Limited-Service Restaurants | $500K – $1M | 5.5% | 50 |
| 36 | MOMENTUM BEHAVIOR CARE LICENSE | Pomona, NY | All Other Miscellaneous Schools and Instruction | $500K – $1M | 5.5% | 50 |
| 37 | TLC PHYSICAL THERAPY | Staten Island, NY | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $1M – $2.5M | 6.3% | 50 |
| 38 | A CHILD’S PLACE TOO INC. | East Elmhurst, NY | Lessors of Nonresidential Buildings (except Miniwarehouses) | $2.5M – $5M | 5.3% | 50 |
| 39 | CONOLLY PRINTING & MEDIA GROUP | Rochester, NY | Commercial Gravure Printing | $250K or less | 5.3% | 48 |
| 40 | FUTURE FACES CHILD CARE – LEAR | Johnson City, NY | Child Day Care Services | $250K – $500K | 7.5% | 48 |
| 41 | IMCO INC. | Spencerport, NY | All Other Plastics Product Manufacturing | $500K – $1M | 9.3% | 48 |
| 42 | TLC DIAGNOSTICS | East Rockaway, NY | All Other Professional, Scientific, and Technical Services | $500K – $1M | 9.3% | 48 |
| 43 | DAILY SAW ACQUISITION COMPANY | Schenectady, NY | Computer Systems Design Services | $1M – $2.5M | 6.1% | 48 |
| 44 | 11TH STREET RESTAURANT LLC | New York, NY | Full-Service Restaurants | $2.5M – $5M | 5.9% | 48 |
| 45 | MAIN STREET NATURAL FOODS LLC | Sayville, NY | Supermarkets and Other Grocery (except Convenience) Stores | $1M – $2.5M | 9.8% | 47 |
| 46 | PAIR GAIN COMMUNICATIONS INC | Cicero, NY | Electrical Contractors | $1M – $2.5M | 8.0% | 47 |
| 47 | FMO MEDIA LLC | Patchogue, NY | Wholesale Trade Agents and Brokers | $500K – $1M | 8.5% | 46 |
| 48 | CHOCOLATE DECOR INC. | Washingtonville, NY | All Other Specialty Food Stores | $1M – $2.5M | 5.5% | 46 |
| 49 | METN LLC | Trumansburg, NY | Supermarkets and Other Grocery (except Convenience) Stores | $1M – $2.5M | 11.3% | 46 |
| 50 | LIGHTING MANAGEMENT INC. | Valley Cottage, NY | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | $2.5M – $5M | 6.0% | 46 |
| 51 | LOGICAL OPERATIONS PRESS | Rochester, NY | Computer Training | $2.5M – $5M | 9.5% | 46 |
| 52 | 5011 HOLDINGS LLC | Brooklyn, NY | Baked Goods Stores | $1M – $2.5M | 3.0% | 45 |
| 53 | V & J AUTO BODY INC | Lindenhurst, NY | Automotive Body, Paint, and Interior Repair and Maintenance | $2.5M – $5M | 5.5% | 44 |
| 54 | E&P HOLDINGS 1 LLC | Plainview, NY | All Other Miscellaneous Fabricated Metal Product Manufacturing | $250K or less | 7.5% | 43 |
| 55 | E&P HOLDINGS I LLC | Plainview, NY | All Other Miscellaneous Manufacturing | $250K or less | 10.8% | 43 |
| 56 | OC CONSTRUCTION MANAGEMENT | New York, NY | Commercial and Institutional Building Construction | $2.5M – $5M | 6.8% | 41 |
| 57 | THE TABLE AT REDEYE INC | New York, NY | Full-Service Restaurants | $250K or less | 12.0% | 40 |
| 58 | CLEVERMAN INC. | Bellmore, NY | Advertising Agencies | $250K or less | 9.0% | 40 |
| 59 | RTG ASSOCIATES INC | Spring Valley, NY | Vocational Rehabilitation Services | $250K or less | 7.0% | 40 |
| 60 | JASON WATT PICTURES LLC | Brooklyn, NY | Motion Picture and Video Production | $250K or less | 7.8% | 40 |
| 61 | HEARD CREATIVE CORPORATION | Webster, NY | Advertising Agencies | $250K or less | 4.5% | 40 |
| 62 | CJT VAIL LLC | Fairport, NY | Golf Courses and Country Clubs | $250K – $500K | 7.8% | 40 |
| 63 | IYH DEALS INC. | Monroe, NY | Supermarkets and Other Grocery (except Convenience) Stores | $250K – $500K | 5.8% | 40 |
| 64 | ALL THESE CAKES 4 YOU LLC | Port Chester, NY | Retail Bakeries | $500K – $1M | 8.8% | 40 |
| 65 | ARAS3 S CORP. | Syosset, NY | Full-Service Restaurants | $500K – $1M | 8.5% | 40 |
| 66 | JV FAST CONSTRUCTION LLC | Elmont, NY | Site Preparation Contractors | $1M – $2.5M | 6.0% | 40 |
| 67 | WARAICH GROUP SYRACUSE LLC | Syracuse, NY | Hotels (except Casino Hotels) and Motels | $1M – $2.5M | 5.6% | 40 |
| 68 | UNITE MILLENNIUM LLC | Syosset, NY | Advertising Agencies | $1M – $2.5M | 6.3% | 40 |
| 69 | SENECA VALLEY PROPERTIES LLC | Ithaca, NY | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.0% | 40 |
| 70 | MOMOYA 4 INC | New York, NY | Limited-Service Restaurants | $250K – $500K | 8.5% | 39 |
| 71 | NY AM&K 1990 INC | New York, NY | Limited-Service Restaurants | $1M – $2.5M | 6.0% | 39 |
| 72 | GSH WESTERN LLC | Albany, NY | Full-Service Restaurants | $1M – $2.5M | 7.5% | 39 |
| 73 | BOWER INDUSTRIES INC. | East Syracuse, NY | Sheet Metal Work Manufacturing | $500K – $1M | 5.6% | 38 |
| 74 | DOGTOPIA OF LATHAM | Latham, NY | Pet Care (except Veterinary) Services | $1M – $2.5M | 6.0% | 38 |
| 75 | SIMPLY CREPES AT BAY ROAD LLC | Webster, NY | Full-Service Restaurants | $500K – $1M | 7.5% | 37 |
| 76 | ORCHARD PARK TKD LLC | Orchard Park, NY | Sports and Recreation Instruction | $250K or less | 7.3% | 36 |
| 77 | BDH LANDSCAPING CORP | Bohemia, NY | Landscaping Services | $250K – $500K | 4.3% | 36 |
| 78 | CORFU VETERINARY CLINIC P.C. | Corfu, NY | Veterinary Services | $1M – $2.5M | 5.4% | 36 |
| 79 | WRIGHT’S TIMBER FELLING | Kent, NY | All Other Specialty Trade Contractors | $250K or less | 8.3% | 35 |
| 80 | GAVIA LIFECARE CENTER LLC | Rochester, NY | Outpatient Mental Health and Substance Abuse Centers | $250K or less | 6.3% | 35 |
| 81 | FILE GUMBO BAR | New York, NY | Full-Service Restaurants | $250K or less | 6.0% | 35 |
| 82 | JC PROTECTION LLC | Staten Island, NY | Security Guards and Patrol Services | $250K or less | 7.8% | 35 |
| 83 | FIRST LINE BREWING LLC | Hamburg, NY | Breweries | $250K or less | 7.2% | 35 |
| 84 | BROADWAY ENERGY INTERNATIONAL | Hicksville, NY | Other Scientific and Technical Consulting Services | $250K or less | 8.3% | 35 |
| 85 | GREATEST CORP. | East Setauket, NY | $500K – $1M | 6.9% | 35 | |
| 86 | GREATEST CORP. | Port Jefferson Station, NY | $500K – $1M | 6.9% | 35 | |
| 87 | GREATEST CORP. | Wading River, NY | $500K – $1M | 6.9% | 35 | |
| 88 | EUROPEAN WAX CENTER | New York, NY | Other Personal Care Services | $1M – $2.5M | 6.0% | 35 |
| 89 | CATHERINE’S CLEANING LLC | Water Mill, NY | All Other Personal Services | $1M – $2.5M | 5.3% | 35 |
| 90 | DAJA1 CORP. | Tuckahoe, NY | Full-Service Restaurants | $1M – $2.5M | 8.5% | 35 |
| 91 | BRIGHT AND BUSY DAYCARE INC. | Astoria, NY | Child Day Care Services | $250K or less | 8.0% | 34 |
| 92 | 1043 LIC HOLDINGS LLC | Long Island City, NY | Full-Service Restaurants | $1M – $2.5M | 4.8% | 34 |
| 93 | 289 W MAIN PROPERTY CORP | Goshen, NY | Car Washes | $2.5M – $5M | 4.3% | 34 |
| 94 | NAZS HALAL FOOD CORP | Hicksville, NY | Full-Service Restaurants | $250K or less | 8.5% | 33 |
| 95 | ERASE SPA INC. | New York, NY | Other Personal Care Services | $250K or less | 8.5% | 33 |
| 96 | KPM RESTORATION INC. | Mechanicville, NY | Other Services to Buildings and Dwellings | $250K or less | 4.3% | 33 |
| 97 | ELEGRAN LLC | New York, NY | Offices of Real Estate Agents and Brokers | $1M – $2.5M | 8.3% | 33 |
| 98 | BAB TAP THAT LLC | Tonawanda, NY | Breweries | $250K or less | 10.0% | 32 |
| 99 | LUMBERYARD REALTY LLC | Perry, NY | Full-Service Restaurants | $250K or less | 7.5% | 32 |
| 100 | HIDDEN OWL LLC | New York, NY | Full-Service Restaurants | $250K or less | 11.9% | 32 |
Note about SBA lenders near me in New York
When it comes to top New York SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the New York preferred lender list, 2) approved lenders in New York, or 3) active participants in the New York SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in New York swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in New York, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.