SBA Lenders in New York
74 active SBA lenders · 20,529 loans approved · $7.7B total volume
All SBA Lenders in New York
Finding an SBA Lender in New York
There are currently 74 SBA-approved lenders headquartered in New York, ranging from national banks to local community lenders. Together they have approved 20,529 SBA 7(a) loans totaling $7.7B since 2020.
Of these, 29 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
Ready to Apply for an SBA Loan in New York?
Check if you qualify in minutes — no impact to your credit score.
Check My Eligibility at SmartBiz →SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days
Next Step: Borrower Guides
SBA Lender Questions for New York
How many SBA lenders are in New York?
There are currently 74 SBA-approved lenders headquartered in New York. Together they have approved 20,529 SBA 7(a) loans totaling $7.7B since 2020. Of these, 29 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in New York?
An SBA Preferred Lender (PLP) in New York is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. New York currently has 29 Preferred Lenders.
How do I choose the best SBA lender in New York?
When choosing an SBA lender in New York, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 74 New York lenders so you can compare objectively.
How long does SBA loan approval take in New York?
With an SBA Preferred Lender in New York, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.