BlogRankingStateBest New York SBA Lenders & Rates of 2026

Best New York SBA Lenders & Rates of 2026

February 2, 2026
Ranking, State
1 min read

$1.66B
Total Funded

4,679
Loans Approved

$355K
Avg Loan Size

10.61%
Avg Interest Rate

171
Active Lenders

SBA Loans in New York

New York businesses received $1.66B in SBA 7(a) loan approvals across 4,679 businesses in 2025. With 171 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 $355K, with rates averaging 10.61%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in New York (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:

Rank Lender Volume Loans Avg Rate
1 Newtek Bank, National Association $120.9M 253 10.91%
2 Live Oak Banking Company $104.4M 86 9.22%
3 Northeast Bank $96.3M 500 10.97%
4 Readycap Lending, LLC $86.0M 251 11.47%
5 TD Bank, National Association $81.3M 660 10.59%
6 Manufacturers and Traders Trust Company $76.8M 783 11.41%
7 JPMorgan Chase Bank, National Association $62.8M 231 11.22%
8 FinWise Bank $50.7M 43 10.10%
9 The Huntington National Bank $41.0M 77 9.65%
10 Harvest Small Business Finance, LLC $35.9M 25 9.71%
11 Lendistry SBLC, LLC $34.2M 146 12.00%
12 KeyBank National Association $31.1M 124 10.56%
13 Bank of Hope $30.0M 38 9.18%
14 First Bank of the Lake $29.1M 35 11.59%
15 Webster Bank National Association $27.5M 74 9.25%
16 Bank of America, National Association $25.7M 37 7.15%
17 Wells Fargo Bank National Association $25.1M 25 9.03%
18 NewBank $23.8M 20 8.94%
19 Celtic Bank Corporation $22.8M 81 10.51%
20 Commonwealth Business Bank $22.2M 15 8.80%

🤝 How to Get an SBA Loan in New York

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across New York and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with New York SBA Lenders

Ready to apply for an SBA loan in New York? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

http://gosbaloans.com

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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