Last annual update:
List of top SBA lenders and the status of their SBA PPP loan programs – updated daily
Huge banks and some New York-based banks were among the largest lenders to “The Empire State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in New York:
Bronx Brooklyn Buffalo New York City Rochester Staten Island
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 729 | $83,778 | 10.0% |
| 2 | M&T | Buffalo, NY | 507 | $106,628 | 9.3% |
| 3 | JPMorgan Chase Bank | Columbus, OH | 339 | $162,836 | 8.9% |
| 4 | Santander Bank | Wilmington, DE | 129 | $121,035 | 9.3% |
| 5 | First Home Bank | Saint Petersburg, FL | 79 | $248,500 | 8.1% |
| 6 | Newtek Small Business Finance | Lake Success, NY | 77 | $584,070 | 8.3% |
| 7 | NewBank | New York City, NY | 68 | $1,172,574 | 7.0% |
| 8 | KeyBank | Cleveland, OH | 68 | $484,235 | 7.7% |
| 9 | ESL FCU | Rochester, NY | 60 | $123,037 | 6.8% |
| 10 | Five Star Bank | Warsaw, NY | 59 | $93,251 | 6.6% |
| 11 | Berkshire Bank | Pittsfield, MA | 51 | $586,500 | 7.8% |
| 12 | New Millennium Bank | Fort Lee, NJ | 43 | $748,953 | 6.9% |
| 13 | Wells Fargo | Sioux Falls, SD | 43 | $216,749 | 9.4% |
| 14 | Evans Bank | Hamburg, NY | 41 | $209,763 | 6.7% |
| 15 | Independence Bank | East Greenwich, RI | 41 | $142,683 | 6.2% |
| 16 | BNB Bank | Bridgehampton, NY | 40 | $790,250 | 7.9% |
| 17 | The Bank of Castile | Castile, NY | 39 | $105,610 | 6.6% |
| 18 | United Midwest Savings Bank | De Graff, OH | 34 | $142,824 | 8.0% |
| 19 | Live Oak | Wilmington, NC | 32 | $1,675,125 | 7.0% |
| 20 | People's United Bank | Bridgeport, CT | 31 | $106,452 | 7.5% |
| 21 | Bank of Hope | Los Angeles, CA | 29 | $245,931 | 7.4% |
| 22 | New York Business Development | Albany, NY | 28 | $763,021 | 7.8% |
| 23 | FinWise Bank | Sandy, UT | 26 | $1,023,500 | 7.9% |
| 24 | Citibank | Sioux Falls, SD | 25 | $83,760 | 8.4% |
| 25 | Brooklyn Cooperative FCU | New York City, NY | 24 | $23,371 | 11.8% |