Access the Top SBA Lending for New York Small Business
New York has an economy and lively communities that create an environment for small businesses to flourish. From the streets of Manhattan, to the views of the Hudson Valley entrepreneurs have plenty of opportunities to grow and thrive. By utilizing notch SBA lending programs small businesses in New York can secure support to drive their expansion and innovation.
New York
The Empire State
2,200,000 small businesses
4,100,000 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of New York
Between March 2021 and March 2022, 78,100 New York establishments opened and 54,285 closed, for a net increase of 23,815. Employment expanded at 142,230 establishments and contracted at 98,939. Small businesses accounted for 73,367
Establishments in New York
Employment in New York
Between March 2021 and March 2022, 78,100 New York establishments opened and 54,285 closed, for a net increase of 23,815. Employment expanded at 142,230 establishments and contracted at 98,939. Small businesses accounted for 73,367
Source: Business Employment Dynamics (BLS)
Recent News and Successful Deals in New York
FastWaySBA
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Fastway SBA recently funded a $478,500 SBA loan to a consulting company in New York. The funding process took just 2 weeks, with a 10 year term length.

If your business needs fast and flexible SBA financing, apply today!

Small Business Loans in New York
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $5.1 billion in loans to New York businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $9.7 billion. Total reported new lending to businesses through loans of $1 million or less was $24.6 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of New York's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in New York
Business Count by Demographic in New York
Total New York Employement by Business Size
Small Business Employment and Payroll by Industry in New York
Source: Business Employment Dynamics (BLS)