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Limited-Service Restaurants: SBA acquisition loans in New York
32 SBA-financed business acquisitions in New York classified as Limited-Service Restaurants, FY2024–FY2026. Median loan $395K. See which lenders did them.
- Acquisitions financed
- 32
- Total approved
- $25.9M
- Median loan
- $395K
- Middle half of loans
- $150K to $1.4M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 8 | 25% | $151K | $1.7M |
| 2 | Live Oak Banking Company | 4 | 12% | $1.7M | $7.0M |
| 3 | Hanmi Bank | 4 | 12% | $828K | $3.6M |
| 4 | The Huntington National Bank | 4 | 12% | $238K | $2.8M |
| 5 | Peapack Private Bank and Trust | 2 | 6% | $1.0M | $2.1M |
| 6 | New York Business Development Corporation | 2 | 6% | $895K | $1.8M |
| 7 | HomeTrust Bank | 1 | 3% | $1.7M | $1.7M |
| 8 | Woori America Bank | 1 | 3% | $1.6M | $1.6M |
| 9 | VelocitySBA, LLC | 1 | 3% | $1.4M | $1.4M |
| 10 | Southwestern National Bank | 1 | 3% | $1.1M | $1.1M |
| 11 | Ponce Bank National Association | 1 | 3% | $786K | $786K |
| 12 | First Heritage Federal Credit Union | 1 | 3% | $150K | $150K |
| 13 | Chemung Canal Trust Company | 1 | 3% | $131K | $131K |
| 14 | Five Star Bank | 1 | 3% | $10K | $10K |
For comparison, the same industry nationwide: 826 loans, median $414K, median starting rate 9.50%. See Limited-Service Restaurants in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.