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NYC SBA lender finder: which banks make loans like yours
Pick your borough, your industry and the size of loan you want. The finder shows which lenders had SBA 7(a) loans like that approved in New York City, how many, how large and at what starting rate. It is counted from the SBA’s own file of 7,597 loans approved from October 2019 through June 2026.
By Solomon Wiesen, editor. Data as of June 30, 2026; page updated October 2026. Editorial standards | How this site is funded
- Median loan
- $150,000
- Median starting rate since Oct. 2023
- 11.25%
- Lenders that made them
- 183
- Loans since Oct. 2023
- 3,980
| Lender | Loans since Oct. 2019 | Loans since Oct. 2023 | Median loan | Median starting rate |
|---|---|---|---|---|
| TD Bank | 2,092 | 996 | $50,000 | 11.50% |
| JPMorgan Chase | 859 | 478 | $152,000 | 12.62% |
| M&T Bank | 565 | 174 | $100,000 | 11.24% |
| BayFirst National Bank | 363 | 207 | $150,000 | 13.25% |
| Readycap Lending | 344 | 295 | $350,000 | 11.25% |
Source: the SBA 7(a) loan file as of June 30, 2026, with cancelled loans left out. The table lists up to five lenders that made at least two loans in the group, ranked by number of loans. Rates are the median starting rate on loans approved since October 2023 and appear only where there are three or more such loans; most of these loans are variable, so the rate moves with prime. A lender’s past lending is no promise that it will approve you. Information only, and not an offer of financing.
How to read the results
Each row is a lender that had SBA 7(a) loans approved for businesses matching your choices between October 1, 2019 and June 30, 2026. The first count covers the whole period. The second covers October 2023 onward and is the better guide to who is lending now: a bank with 40 loans in the file and none since 2023 has probably stopped making that kind of loan.
The median loan is the middle loan that lender made in the group, so half were smaller. The rate is the median starting rate on that lender’s loans approved since October 2023. Nine in ten of these loans are variable, so what a borrower pays today has moved with the prime rate.
Use the list to decide who to call first, then ask each lender what it needs from you. The city, state and community lenders that do not appear in SBA data are in our table of small business loans in NYC, and the city’s own 7.5% loan has its own page: the NYC Future Fund.
What the file shows about who lends
- For $50,000 or less, one bank dominates. TD Bank made 1,148 of the 2,018 loans that size, or 57%. M&T Bank made 170 and JPMorgan Chase 133.
- The price of a small loan depends on the lender. On loans of $50,000 or less approved since October 2023, the median starting rate was 11.50% at TD Bank, 13.25% at M&T Bank and 15.00% at both JPMorgan Chase and Readycap Lending.
- From $350,001 to $1 million the leader changes: Readycap Lending made 148 of 948 loans and JPMorgan Chase 106.
- Above $1 million the names are different again. FinWise Bank made 58 of the 696 loans, NewBank 48 and Live Oak Bank 34; TD Bank made 29.
- Industry matters at the larger sizes. For restaurants, bars and hotels borrowing $350,001 to $1 million, NewBank made 21 of 134 loans, ahead of Readycap Lending with 11 and Huntington National Bank with 10.
- Credit unions fill in at the bottom. Brooklyn Cooperative Federal Credit Union made 71 loans of $50,000 or less, with a median of $15,000.
The borough and citywide totals behind these numbers are in SBA loans in NYC by borough. For the rules that shape borrowing in three of these industries, see the pages on restaurants, contractors and retail stores.
Where the data comes from
- Source: the SBA’s 7(a) and 504 FOIA dataset, using the file that covers 7(a) loans from fiscal 2020 to the present, as of June 30, 2026.
- New York City means a project county of New York (Manhattan), Kings (Brooklyn), Queens, Bronx or Richmond (Staten Island). Cancelled loans are left out, which leaves 7,597.
- Industries follow the first two digits of each loan’s NAICS code. “Restaurants, bars and hotels” is the accommodation and food services sector, and “Salons, repair and personal services” is the sector the Census Bureau calls other services.
- Loan size is the gross amount approved. SBA Express lines of credit are counted at their approved limit.
- A group with fewer than five loans shows no result, and a lender with a single loan in a group is not listed.
- Lender names are as reported to the SBA, shortened for display. A lender’s home office may be outside New York.
- SBA 504 loans, microloans and non-SBA bank loans are not in the file.
The SBA updates the file every quarter, and this page is rebuilt from it. If you find an error, tell us and we will correct it.
Rather have lenders come to you? Send one short request and a funding partner will tell you what you may qualify for. We may be paid when you submit a request; see how this site is funded.