Bronx Small Business Loans: SBA Lenders, Rates and Local Help (2026)

By Solomon Wiesen, editor. Updated October 2026. Editorial standards | How this site is funded

Who actually lends to Bronx businesses, how much they lend and at what rate, based on every SBA 7(a) loan approved in Bronx from October 2019 to June 2026, plus the free local programs that help you apply.

SBA loans in Bronx by the numbers

From October 2019 through June 2026, the SBA guaranteed 495 7(a) loans to businesses in Bronx, worth $175.4 million: 7% of all SBA 7(a) loans in New York City. That works out to 3.4 loans for every 10,000 residents. The median loan was $100k at a median interest rate of 11.25%, and 70 different lenders made at least one loan here. 259 of the loans, 52%, were approved from 2023 on.

TD Bank made 27% of all SBA 7(a) loans in Bronx, far more than any other lender, and most of them are small: its median Bronx loan was $25k. Banks that specialize in SBA lending, such as Readycap, Newtek and BayFirst, make fewer but larger loans, and often approve businesses the big branch banks decline.

What it would cost you

Use the calculator to estimate the monthly payment on an SBA 7(a) loan. It starts at the Bronx median loan and rate.

Which Bronx businesses get SBA loans

Loan sizes in Bronx skew small: 64% of loans were $150,000 or less, and 172 were $50,000 or less. The breakdown by size:

• $50,000 or less: 172 loans
• $50,001 to $150,000: 146 loans
• $150,001 to $350,000: 88 loans
• $350,001 to $1 million: 46 loans
• Over $1 million: 43 loans

To see which lenders are most active for your industry and loan size in Bronx, use the NYC SBA lender finder.

Local help for Bronx businesses

Bronx has about 18,674 business establishments employing 285,540 people (Census County Business Patterns, 2023), and 89.7% of them have fewer than 20 employees. These free or nonprofit resources are the first stop before a bank:

• NYC Business Solutions Center: 400 East Fordham Rd, 7th Floor, Bronx 10458 (Fordham). Free help with financing applications, hiring and permits from NYC Small Business Services. Call 311.
• Chamber: Bronx Chamber of Commerce, 1200 Waters Place, Pelham Bay area; (718) 828-3900.
• Bronx Overall Economic Development Corp. (BOEDC): 851 Grand Concourse, Suite 123. Runs Empowerment Zone loan programs for Bronx businesses.
• Ascendus: Citywide nonprofit lender (CDFI) that lends across the Bronx; see our Ascendus loans guide.
• Accompany Capital: Nonprofit lender focused on immigrant and refugee entrepreneurs; see our Accompany Capital guide.
• Business improvement districts: Bronx has 12 BIDs (NYC SBS, FY2025). If your storefront is inside one, ask it about free marketing, storefront and sanitation programs.

Grants: The Bronx Chamber and Optimum ran “Lifting Up Small Businesses in the Bronx” in 2026: 25 grants of $5,000 plus a $20,000 prize (closed September 1). For every program open now, see NYC small business grants 2026.

If the SBA says no

SBA lenders usually want two years in business, a credit score in the high 600s and tax returns that show the business can carry the payment. If you are not there yet, nonprofit lenders above often lend $5,000 to $150,000 with more flexible rules. Be careful with merchant cash advances: a typical factor rate of 1.30 repaid over six months works out to an annual cost above 100%. Read how New York treats merchant cash advances before you sign one.

Other boroughs: Brooklyn, Manhattan, Queens, Staten Island. Compare all five on SBA loans by borough.

Where to go next

General information, not legal or financial advice. Lender terms change; confirm them with the lender before you apply.