SBA acquisition lenders in New York
667 SBA 7(a) change-of-ownership loans in New York, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 667
- Total approved
- $760.6M
- Median loan
- $660K
- Middle half of loans
- $250K to $1.6M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in New York
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 79 | 12% | $325K | $45.5M |
| 2 | Live Oak Banking Company | 69 | 10% | $1.1M | $108.2M |
| 3 | The Huntington National Bank | 49 | 7% | $350K | $37.3M |
| 4 | Byline Bank | 21 | 3% | $1.2M | $32.7M |
| 5 | Hanmi Bank | 21 | 3% | $650K | $18.2M |
| 6 | First Internet Bank of Indiana | 20 | 3% | $886K | $24.6M |
| 7 | New York Business Development Corporation | 19 | 3% | $675K | $17.7M |
| 8 | Pathward National Association | 16 | 2% | $1.7M | $29.5M |
| 9 | Five Star Bank | 16 | 2% | $209K | $5.6M |
| 10 | NBT Bank, National Association | 16 | 2% | $240K | $4.3M |
| 11 | The Canandaigua National Bank and Trust Company | 13 | 2% | $305K | $7.2M |
| 12 | Community Bank, National Association | 13 | 2% | $135K | $5.0M |
| 13 | Beacon Bank and Trust | 12 | 2% | $1.0M | $24.7M |
| 14 | Tompkins Community Bank | 12 | 2% | $175K | $3.9M |
| 15 | Newtek Bank, National Association | 11 | 2% | $525K | $12.0M |
What is being bought in New York
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 38 | 6% | $665K | $37.3M |
| 2 | Limited-Service Restaurants | 32 | 5% | $395K | $25.9M |
| 3 | Full-Service Restaurants | 27 | 4% | $304K | $21.8M |
| 4 | All Other Personal Services | 18 | 3% | $432K | $16.9M |
| 5 | General Automotive Repair | 17 | 3% | $605K | $13.3M |
| 6 | Hotels (except Casino Hotels) and Motels | 16 | 2% | $1.8M | $34.3M |
| 7 | All Other Specialty Trade Contractors | 15 | 2% | $475K | $17.9M |
| 8 | Pharmacies and Drug Retailers | 14 | 2% | $1.0M | $16.8M |
| 9 | Fitness and Recreational Sports Centers | 14 | 2% | $747K | $16.1M |
| 10 | Residential Remodelers | 10 | 1% | $882K | $13.3M |
| 11 | Plumbing, Heating, and Air-Conditioning Contractors | 10 | 1% | $1.0M | $12.8M |
| 12 | Child Care Services | 10 | 1% | $788K | $11.3M |
| 13 | Drycleaning and Laundry Services (except Coin-Operated) | 10 | 1% | $350K | $4.8M |
| 14 | Insurance Agencies and Brokerages | 9 | 1% | $627K | $10.3M |
| 15 | Coin-Operated Laundries and Drycleaners | 8 | 1% | $814K | $9.1M |
New York by industry
- Beer, Wine, and Liquor Retailers 38
- Limited-Service Restaurants 32
- Full-Service Restaurants 27
- All Other Personal Services 18
- General Automotive Repair 17
- Hotels (except Casino Hotels) and Motels 16
- All Other Specialty Trade Contractors 15
- Pharmacies and Drug Retailers 14
- Fitness and Recreational Sports Centers 14
- Residential Remodelers 10
- Plumbing, Heating, and Air-Conditioning Contractors 10
- Child Care Services 10
- Drycleaning and Laundry Services (except Coin-Operated) 10
- Insurance Agencies and Brokerages 9
- Coin-Operated Laundries and Drycleaners 8
- Commercial Screen Printing 7
- Funeral Homes and Funeral Services 7
- Offices of All Other Miscellaneous Health Practitioners 7
- Janitorial Services 7
- Landscaping Services 7
- Supermarkets and Other Grocery Retailers (except Convenience Retailers) 6
- All Other Professional, Scientific, and Technical Services 6
- Snack and Nonalcoholic Beverage Bars 6
- Other Personal Care Services 6
- General Freight Trucking, Local 5
- Electrical Contractors and Other Wiring Installation Contractors 5
- Drinking Places (Alcoholic Beverages) 5
- Hardware Retailers 5
- Pet Care (except Veterinary) Services 5
- Offices of Physical, Occupational and Speech Therapists, and Audiologists 5
- Outdoor Power Equipment Retailers 5