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Staten Island 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 Staten Island businesses, how much they lend and at what rate, based on every SBA 7(a) loan approved in Staten Island from October 2019 to June 2026, plus the free local programs that help you apply.
- 399 SBA 7(a) loans worth $129.3M went to Staten Island businesses (Oct 2019 to Jun 2026), 5% of the NYC total.
- Median loan: $100k at 11.25%.
- Top lender: TD Bank, with 162 loans (41%).
- Most-funded industry: construction and trades (75 loans).
SBA loans in Staten Island by the numbers
From October 2019 through June 2026, the SBA guaranteed 399 7(a) loans to businesses in Staten Island, worth $129.3 million: 5% of all SBA 7(a) loans in New York City. That works out to 8 loans for every 10,000 residents. The median loan was $100k at a median interest rate of 11.25%, and 56 different lenders made at least one loan here. 235 of the loans, 59%, were approved from 2023 on.
Top SBA 7(a) lenders in Staten Island, by number of loans
Loans to Staten Island businesses since October 2019, with each lender’s median loan size and median interest rate.
TD Bank made 41% of all SBA 7(a) loans in Staten Island, far more than any other lender, and most of them are small: its median Staten Island loan was $45k. 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.
| Lender | Loans since Oct 2019 | Since 2023 | Median loan | Median rate |
|---|---|---|---|---|
| TD Bank | 162 | 84 | $45k | 11.50% |
| M&T Bank | 42 | 24 | $82k | 10.88% |
| JPMorgan Chase | 35 | 22 | $150k | 13.30% |
| Newtek Bank | 16 | 16 | $188k | 10.50% |
| BayFirst National Bank | 14 | 10 | $150k | 13.25% |
What it would cost you
Use the calculator to estimate the monthly payment on an SBA 7(a) loan. It starts at the Staten Island median loan and rate.
SBA 7(a) loan payment calculator
Starts at the Staten Island median: $100k at 11.25%. Change any field.
SBA 7(a) loans approved in Staten Island, by federal fiscal year
Fiscal years run October to September. FY2026 covers October 2025 to June 2026 only (9 months).
Which Staten Island businesses get SBA loans
Which Staten Island industries get SBA loans
Top industries by number of SBA 7(a) loans since October 2019, with the median loan and rate for each.
Loan sizes in Staten Island skew small: 68% of loans were $150,000 or less, and 148 were $50,000 or less. The breakdown by size:
- $50,000 or less: 148 loans
- $50,001 to $150,000: 125 loans
- $150,001 to $350,000: 51 loans
- $350,001 to $1 million: 49 loans
- Over $1 million: 26 loans
To see which lenders are most active for your industry and loan size in Staten Island, use the NYC SBA lender finder.
Local help for Staten Island businesses
Staten Island has about 9,684 business establishments employing 115,371 people (Census County Business Patterns, 2023), and 90.4% of them have fewer than 20 employees. These free or nonprofit resources are the first stop before a bank:
- NYC Business Solutions Center: 120 Stuyvesant Place, 3rd Floor, St. George 10301. Free help with financing applications, hiring and permits from NYC Small Business Services. Call 311.
- Chamber: Staten Island Chamber of Commerce, 2555 Richmond Ave, Suite 240; (718) 727-1900.
- Staten Island Economic Development Corporation (SIEDC): 201 Edward Curry Ave, Suite 103. Financing help, training and an annual business conference.
- Ascendus: Citywide nonprofit lender; see our Ascendus loans guide.
- Business improvement districts: Staten Island has 4 BIDs (NYC SBS, FY2025). If your storefront is inside one, ask it about free marketing, storefront and sanitation programs.
Grants: Staten Island has no borough-only grant open now; see the citywide programs below. 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: Bronx, Brooklyn, Manhattan, Queens. Compare all five on SBA loans by borough.
Where to go next
Frequently asked questions
Which bank makes the most SBA loans in Staten Island?
TD Bank made 162 of the 399 SBA 7(a) loans to Staten Island businesses from October 2019 to June 2026, followed by M&T Bank (42) and JPMorgan Chase (35).
What is the average SBA loan in Staten Island?
The median SBA 7(a) loan in Staten Island was $100k and the average was $324,000. The median interest rate was 11.25%.
What is the maximum SBA 7(a) interest rate in 2026?
With the prime rate at 7.00% (October 2026), variable-rate caps are 13.50% for loans of $50,000 or less, 13.00% up to $250,000, 11.50% up to $350,000 and 10.00% above $350,000.
Where can I get free help applying for a business loan in Staten Island?
The NYC Business Solutions Center at 120 Stuyvesant Place, 3rd Floor, St offers free financing help (call 311), and nonprofit lenders such as Staten Island Economic Development Corporation (SIEDC) advise and lend to local businesses.
Can I get a small business grant in Staten Island?
Grants are small and competitive. Staten Island has no borough-only grant open now; see the citywide programs below. Check our list of NYC small business grants for programs open now.
Want to see what you may qualify for? Send one short request and a funding partner will contact you about options. This is a request for information, not an application, and approval is never guaranteed. We may be paid when you submit a request; see how this site is funded.
General information, not legal or financial advice. Lender terms change; confirm them with the lender before you apply.