Best SBA Lenders in Syracuse, NY (2026)
2025 FOIA data: top lenders, rates & industries for Syracuse SBA loans
SBA Loans in Syracuse, New York
Looking for an SBA loan in Syracuse, New York? Based on 2025 FOIA data, 49 SBA 7(a) loans were funded in Syracuse totaling $16.6M, supporting an estimated 581 jobs. With 18 active lenders competing for business in the Syracuse market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Syracuse is $339K at an average rate of 10.43%. The top lender in Syracuse is Community Bank & Trust-West Georgia, with the most-funded industry being All Other Miscellaneous Chemical Product and Preparation Manufacturing. See all New York SBA lenders for statewide rankings.
SBA Loans in Syracuse by Business Type
Whether you’re starting a new business in Syracuse, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 3% of SBA loans in Syracuse (5 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 27% (3 loans) — if you’re looking to buy a business in Syracuse, this is a proven use case for SBA financing. Existing businesses make up 55% and typically receive the most favorable terms.
Top SBA Lenders in Syracuse, NY (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Syracuse businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Community Bank & Trust-West Georgia | $4.2M | 2 | 10.25% |
| 2 | Newtek Bank, National Association | $3.7M | 3 | 11% |
| 3 | TD Bank, National Association | $1.7M | 2 | 8.11% |
| 4 | JPMorgan Chase Bank, National Association | $1.4M | 2 | 7.5% |
| 5 | Manufacturers and Traders Trust Company | $823K | 19 | 11.54% |
| 6 | Citizens Bank, National Association | $750K | 2 | 10.25% |
| 7 | Tompkins Community Bank | $750K | 2 | 8.38% |
| 8 | Northeast Bank | $578K | 3 | 10.42% |
| 9 | The Lyons National Bank | $500K | 1 | 9% |
| 10 | Solvay Bank | $500K | 1 | 10.25% |
The top lenders in Syracuse have direct experience with local businesses and understand the Syracuse 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 Syracuse 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 Syracuse
One 5-minute application. 18+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Syracuse
These are the industries that received the most SBA 7(a) funding in Syracuse 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 |
|---|---|---|
| All Other Miscellaneous Chemical Product and Preparation Manufacturing | 2 | $3.6M |
| Other Heavy and Civil Engineering Construction | 1 | $3.4M |
| Glass and Glazing Contractors | 2 | $1.7M |
| School and Employee Bus Transportation | 2 | $1.4M |
| Custom Computer Programming Services | 2 | $750K |
| Electrical Contractors | 2 | $650K |
| Plumbing, Heating, and Air-Conditioning Contractors | 2 | $590K |
| Commercial and Institutional Building Construction | 1 | $500K |
| All Other Professional, Scientific, and Technical Services | 1 | $500K |
| Other Personal and Household Goods Repair and Maintenance | 1 | $350K |
Lenders with experience funding your specific industry in Syracuse 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 Syracuse
Option 1: Apply directly to one of the top Syracuse 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 Syracuse-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.
