Best New York, NY SBA Lenders & Rates of 2026

Compare 68 SBA lenders in New York, NY. $175.8M funded across 479 businesses. Average rate 10.78%. Get matched free.

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Best New York, NY SBA Lenders & Rates of 2026

$175.8M
Total Funded

479
Loans Approved

$367K
Avg Loan Size

10.78%
Avg Interest Rate

68
Active Lenders

SBA Loans in New York, NY

New York, NY businesses received $175.8M in SBA 7(a) loan approvals across 479 businesses in 2025. With 68 active SBA lenders competing for business in New York, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in New York is $367K, with rates averaging 10.78%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

New York SBA Loans by Business Type

🚀 Startups
20%
$41.8M • 97 loans

🏢 Existing Businesses
77%
$112.0M • 367 loans

🔄 Acquisitions
3%
$21.9M • 15 loans

Top SBA Lenders in New York, NY (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to New York businesses:

RankLenderVolumeLoansAvg Rate
1 Newtek Bank, National Association$25.3M4910.78%
2 Northeast Bank$12.5M6211.02%
3 Live Oak Banking Company$11.3M89.30%
4 Commonwealth Business Bank$11.1M88.75%
5 TD Bank, National Association$10.4M8610.77%
6 Readycap Lending, LLC$10.3M2311.63%
7 JPMorgan Chase Bank, National Association$9.6M4611.50%
8 NewBank$5.7M58.80%
9 Lendistry SBLC, LLC$4.5M2412.19%
10 Heritage Bank Inc$3.7M19.75%
11 Bank of America, National Association$3.7M58.43%
12 Capital One, National Association$3.5M28.36%
13 FinWise Bank$3.2M110.25%
14 Coastal States Bank$3.0M19.00%
15 Manufacturers and Traders Trust Company$2.9M3311.74%
16 Hanmi Bank$2.6M39.42%
17 Grasshopper Bank National Association$2.5M610.75%
18 Dime Community Bank$2.3M110.50%
19 Celtic Bank Corporation$2.2M1010.20%
20 Fifth Third Bank$2.1M16.50%
21 Bank of Hope$2.1M59.70%
22 Harvest Small Business Finance, LLC$2.1M110.00%
23 KeyBank National Association$2.1M59.30%
24 Quaint Oak Bank$2.0M39.83%
25 Provident Bank$1.9M29.50%
26 First Bank of the Lake$1.9M510.90%
27 BayFirst National Bank$1.8M1312.12%
28 Wells Fargo Bank National Association$1.8M58.44%
29 Woori America Bank$1.7M39.33%
30 First Financial Bank$1.6M110.25%
31 Customers Bank$1.6M29.00%
32 PCB Bank$1.5M29.38%
33 CenTrust Bank, A Division of SmartBiz Bank National Associat$1.4M610.92%
34 Climate First Bank$1.4M110.50%
35 Centerstone SBA Lending, Inc.$1.4M110.25%
36 Flushing Bank$1.2M29.38%
37 Brookline Bank, a Division of Beacon Bank and Trust$1.2M210.25%
38 The Bancorp Bank National Association$1.2M19.50%
39 Peapack Private Bank and Trust$1.1M29.50%
40 First National Bank of Pennsylvania$992K29.13%
41 The Huntington National Bank$984K610.08%
42 ConnectOne Bank$840K19.00%
43 New York Business Development Corporation$750K110.50%
44 Port 51 Lending LLC$750K110.25%
45 Cadence Bank$700K210.13%
46 United Midwest Savings Bank National Association$673K110.25%
47 East West Bank$650K29.13%
48 VelocitySBA, LLC$645K110.50%
49 New Millennium Bank$570K29.00%
50 Truliant FCU$535K110.50%

Top Industries in New York

Here are the industries that received the most SBA funding in New York:

SBA Loans in New York

New York is part of New York‘s SBA lending market. For statewide data and more lender options, see our full New York SBA Lenders guide.

🤝 Why Use an SBA Broker in New York?

GoSBA Loans helps New York businesses access the best SBA lenders:

  • Access 68+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in New York
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your New York SBA Loan

Our team has helped hundreds of New York businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in New York? GoSBA Loans is a trusted SBA loan broker serving businesses in New York and across New York. Contact our New York SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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