Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for New York.
In 2022 there were 146 SBA lenders that approved 3,107 SBA 7(a) loans for projects in New York totaling $1,139,668,000. The average loan amount was $366,807. Borrowers from 546 cities were approved for projects in New York for 464 industries. The SBA loan approvals in 2022 represent 22,406 jobs supported or saved in New York.
There were 101 franchise branded businesses receiving 163 loan approvals for $127,034,900 with an average loan amount of $779,355.
Our forecast model projects $1.2 billion in total New York SBA 7(a) loan approval amounts in 2023 with $163 million to franchise businesses.
New York Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
New York Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
