Best SBA Lenders in Albany, NY (2026)
2025 FOIA data: top lenders, rates & industries for Albany SBA loans
SBA Loans in Albany, New York
Looking for an SBA loan in Albany, New York? Based on 2025 FOIA data, 35 SBA 7(a) loans were funded in Albany totaling $19.9M, supporting an estimated 334 jobs. With 18 active lenders competing for business in the Albany market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Albany is $569K at an average rate of 10.39%. The top lender in Albany is Brookline Bank, a Division of Beacon Bank and Trust, with the most-funded industry being Plumbing, Heating, and Air-Conditioning Contractors. See all New York SBA lenders for statewide rankings.
SBA Loans in Albany by Business Type
Whether you’re starting a new business in Albany, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 19% of SBA loans in Albany (5 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 25% (1 loans) — if you’re looking to buy a business in Albany, this is a proven use case for SBA financing. Existing businesses make up 46% and typically receive the most favorable terms.
Top SBA Lenders in Albany, NY (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Albany businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Brookline Bank, a Division of Beacon Bank and Trust | $4.9M | 1 | 10.25% |
| 2 | First Internet Bank of Indiana | $4.7M | 1 | 10% |
| 3 | Capital One, National Association | $2.7M | 1 | 5.87% |
| 4 | KeyBank National Association | $2.2M | 3 | 9.58% |
| 5 | Northeast Bank | $1.2M | 4 | 10.94% |
| 6 | New York Business Development Corporation | $715K | 2 | 9.54% |
| 7 | Manufacturers and Traders Trust Company | $610K | 6 | 10.29% |
| 8 | Citizens Bank, National Association | $556K | 2 | 10.95% |
| 9 | TD Bank, National Association | $500K | 4 | 10.7% |
| 10 | Chemung Canal Trust Company | $500K | 1 | 7% |
The top lenders in Albany have direct experience with local businesses and understand the Albany market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Albany and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Albany
One 5-minute application. 18+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Albany
These are the industries that received the most SBA 7(a) funding in Albany in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors | 1 | $4.7M |
| Child Day Care Services | 2 | $2.8M |
| Full-Service Restaurants | 4 | $860K |
| Computer Systems Design Services | 1 | $500K |
| Residential Property Managers | 1 | $500K |
| Limited-Service Restaurants | 1 | $465K |
| Hotels (except Casino Hotels) and Motels | 1 | $350K |
| Other Computer Related Services | 2 | $300K |
| Advertising Agencies | 1 | $250K |
| Surgical and Medical Instrument Manufacturing | 1 | $250K |
Lenders with experience funding your specific industry in Albany understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Albany
Option 1: Apply directly to one of the top Albany lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Albany-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
