Best New York SBA Lenders & Rates of 2026

Compare 171 SBA lenders in New York. $1.66B funded across 4,679 businesses. Average rate 10.61%. Get matched free.

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Best New York SBA Lenders & Rates of 2026

$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:

RankLenderVolumeLoansAvg Rate
1Newtek Bank, National Association$120.9M25310.91%
2Live Oak Banking Company$104.4M869.22%
3Northeast Bank$96.3M50010.97%
4Readycap Lending, LLC$86.0M25111.47%
5TD Bank, National Association$81.3M66010.59%
6Manufacturers and Traders Trust Company$76.8M78311.41%
7JPMorgan Chase Bank, National Association$62.8M23111.22%
8FinWise Bank$50.7M4310.10%
9The Huntington National Bank$41.0M779.65%
10Harvest Small Business Finance, LLC$35.9M259.71%
11Lendistry SBLC, LLC$34.2M14612.00%
12KeyBank National Association$31.1M12410.56%
13Bank of Hope$30.0M389.18%
14First Bank of the Lake$29.1M3511.59%
15Webster Bank National Association$27.5M749.25%
16Bank of America, National Association$25.7M377.15%
17Wells Fargo Bank National Association$25.1M259.03%
18NewBank$23.8M208.94%
19Celtic Bank Corporation$22.8M8110.51%
20Commonwealth Business Bank$22.2M158.80%

🤝 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.

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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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