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 10 SBA Lenders in New York:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 1338 | $64,489 | 9.0% |
| 2 | JPMorgan Chase Bank | Columbus, OH | 568 | $132,636 | 7.5% |
| 3 | M&T | Buffalo, NY | 425 | $134,585 | 7.7% |
| 4 | Berkshire Bank | Pittsfield, MA | 157 | $129,793 | 6.1% |
| 5 | Five Star Bank | Warsaw, NY | 146 | $122,825 | 5.8% |
| 6 | KeyBank | Cleveland, OH | 136 | $331,737 | 6.6% |
| 7 | ESL FCU | Rochester, NY | 135 | $59,146 | 5.2% |
| 8 | NewBank | New York City, NY | 112 | $1,067,938 | 5.9% |
| 9 | Citibank | Sioux Falls, SD | 110 | $91,343 | 7.2% |
| 10 | Citizens Bank | Providence, RI | 85 | $158,695 | 6.1% |
| 11 | Noah Bank | Elkins Park, PA | 74 | $760,608 | 6.5% |
| 12 | Wells Fargo | Sioux Falls, SD | 74 | $285,501 | 7.4% |
| 13 | First Home Bank | Seminole, FL | 71 | $281,972 | 6.8% |
| 14 | Independence Bank | East Greenwich, RI | 67 | $121,045 | 7.2% |
| 15 | Newtek Small Business | Lake Success, NY | 67 | $772,040 | 6.8% |
| 16 | Santander Bank | Wilmington, DE | 65 | $140,051 | 8.1% |
| 17 | New Millennium Bank | New Brunswick, NJ | 54 | $519,167 | 5.9% |
| 18 | Evans Bank | Hamburg, NY | 52 | $210,092 | 5.7% |
| 19 | Capital One | Mclean, VA | 51 | $641,467 | 5.7% |
| 20 | Celtic Bank | Salt Lake City, UT | 50 | $390,218 | 6.9% |
| 21 | The Adirondack Trust | Saratoga Springs, NY | 49 | $92,045 | 5.2% |
| 22 | Live Oak | Wilmington, NC | 45 | $1,046,911 | 6.4% |
| 23 | New York Business Development | Albany, NY | 41 | $619,110 | 6.6% |
| 24 | The Bridgehampton National Bank | Bridgehampton, NY | 39 | $758,462 | 6.6% |
| 25 | The Lyons National Bank | Lyons, NY | 38 | $221,358 | 5.6% |
| 26 | Bank of Hope | Los Angeles, CA | 30 | $892,643 | 5.9% |
| 27 | Genesee Regional Bank | Rochester, NY | 30 | $180,633 | 5.6% |
| 28 | The Canandaigua National Bank and Trust | Canandaigua, NY | 29 | $152,600 | 5.3% |
| 29 | 1st Constitution Bank | Cranbury, NJ | 28 | $534,821 | 6.3% |
| 30 | Empire State Certified Development | Albany, NY | 28 | $135,482 | 8.0% |
| 31 | The Bank of Castile | Castile, NY | 28 | $61,796 | 5.7% |
| 32 | NBT Bank | Norwich, NY | 27 | $186,230 | 5.5% |
| 33 | Northwest Bank | Warren, PA | 25 | $108,932 | 6.1% |
| 34 | FinWise Bank | Sandy, UT | 22 | $1,142,182 | 6.6% |
| 35 | Woori America Bank | New York City, NY | 22 | $1,268,727 | 5.6% |
| 36 | Community Bank | Canton, NY | 21 | $103,390 | 5.9% |
| 37 | Brooklyn Cooperative FCU | New York City, NY | 19 | $27,696 | 9.4% |
| 38 | Rhinebeck Bank | Rhinebeck, NY | 17 | $63,606 | 5.2% |
| 39 | Stearns Bank | Saint Cloud, MN | 17 | $359,147 | 6.6% |
| 40 | Glens Falls National Bank and Trust | Glens Falls, NY | 15 | $111,707 | 5.3% |
| 41 | Saratoga National Bank and Trust | Saratoga Springs, NY | 14 | $74,871 | 5.4% |