Last annual update:
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:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 902 | $77,136 | 9.5% |
| 2 | M&T | Buffalo, NY | 479 | $92,525 | 9.1% |
| 3 | JPMorgan Chase Bank | Columbus, OH | 329 | $119,134 | 8.7% |
| 4 | Five Star Bank | Warsaw, NY | 124 | $61,559 | 6.3% |
| 5 | ESL FCU | Rochester, NY | 117 | $62,146 | 5.4% |
| 6 | KeyBank | Cleveland, OH | 100 | $391,509 | 7.5% |
| 7 | Santander Bank | Wilmington, DE | 97 | $106,694 | 9.0% |
| 8 | Berkshire Bank | Pittsfield, MA | 81 | $167,069 | 7.2% |
| 9 | Independence Bank | East Greenwich, RI | 80 | $123,438 | 6.6% |
| 10 | NewBank | New York City, NY | 70 | $1,355,429 | 6.8% |
| 11 | The Lyons National Bank | Lyons, NY | 65 | $103,317 | 6.1% |
| 12 | First Home Bank | Seminole, FL | 62 | $327,885 | 7.6% |
| 13 | Wells Fargo | Sioux Falls, SD | 60 | $382,045 | 8.6% |
| 14 | Citibank | Sioux Falls, SD | 58 | $104,448 | 7.5% |
| 15 | FinWise Bank | Sandy, UT | 54 | $773,946 | 7.5% |
| 16 | Newtek Small Business | Lake Success, NY | 53 | $845,717 | 7.7% |
| 17 | The Adirondack Trust | Saratoga Springs, NY | 46 | $77,696 | 5.9% |
| 18 | Celtic Bank | Salt Lake City, UT | 45 | $201,864 | 7.4% |
| 19 | BNB Bank | Bridgehampton, NY | 42 | $1,237,619 | 7.3% |
| 20 | Capital One | Mclean, VA | 41 | $530,051 | 6.5% |
| 21 | Citizens Bank | Providence, RI | 40 | $132,808 | 7.3% |
| 22 | New Millennium Bank | New Brunswick, NJ | 39 | $740,256 | 6.5% |
| 23 | Evans Bank | Hamburg, NY | 36 | $193,606 | 6.6% |
| 24 | Noah Bank | Elkins Park, PA | 36 | $1,176,111 | 7.2% |
| 25 | The Bank of Castile | Castile, NY | 36 | $122,031 | 6.3% |
| 26 | Genesee Regional Bank | Rochester, NY | 35 | $356,086 | 6.4% |
| 27 | The Canandaigua National Bank and Trust | Canandaigua, NY | 33 | $174,482 | 6.0% |
| 28 | Bank of Hope | Los Angeles, CA | 28 | $710,196 | 6.9% |
| 29 | Empire State Certified Development | Albany, NY | 28 | $168,911 | 8.8% |
| 30 | New York Business Development | Albany, NY | 26 | $596,954 | 7.4% |
| 31 | NBT Bank | Norwich, NY | 25 | $93,412 | 6.8% |
| 32 | Stearns Bank | Saint Cloud, MN | 23 | $624,257 | 7.7% |
| 33 | Live Oak | Wilmington, NC | 22 | $1,602,455 | 6.9% |
| 34 | 1st Constitution Bank | Cranbury, NJ | 20 | $577,250 | 7.1% |
| 35 | Webster Bank | Waterbury, CT | 20 | $244,750 | 7.7% |
| 36 | Bank of America | Charlotte, NC | 19 | $767,158 | 6.9% |
| 37 | Brooklyn Cooperative FCU | New York City, NY | 19 | $23,079 | 11.5% |
| 38 | Northwest Bank | Warren, PA | 19 | $125,200 | 6.5% |
| 39 | First Bank | Southern Pines, NC | 18 | $845,367 | 7.6% |
| 40 | Glens Falls National Bank and Trust | Glens Falls, NY | 18 | $110,322 | 5.7% |
| 41 | Community Bank | Canton, NY | 17 | $69,641 | 6.2% |
| 42 | United Midwest Savings Bank | De Graff, OH | 17 | $199,324 | 7.6% |
| 43 | Savoy Bank | New York City, NY | 15 | $1,235,867 | 7.0% |
| 44 | Woori America Bank | New York City, NY | 15 | $771,333 | 6.6% |
| 45 | People's United Bank | Bridgeport, CT | 14 | $306,864 | 6.1% |
| 46 | Readycap Lending, LLC | New Providence, NJ | 14 | $1,047,793 | 7.4% |
| 47 | Five Star Bank | Rocklin, CA | 13 | $243,077 | 7.8% |
| 48 | Chemung Canal Trust Company | Elmira, NY | 12 | $153,750 | 6.6% |
| 49 | Byline Bank | Chicago, IL | 11 | $1,375,000 | 7.6% |
| 50 | Grow America Fund | New York, NY | 11 | $368,182 | 6.9% |