New York Business Development Corporation: SBA business acquisition lending record
New York Business Development Corporation (home state NY) approved 50 SBA 7(a) loans to buy existing businesses since FY2018, totaling $55.6M. The median loan was $715,000. It ranks number 177 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $484,750 and $1,254,125. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. New York is the largest state (100% of loans). Loans appear in only 1 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 132 SBA 7(a) loans of any purpose since FY2020, totaling $107M. 10% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 10% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
New York Business Development Corporation acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.3M | $1,255,500 | |
| FY2019 | 5 | $3.1M | $600,000 | |
| FY2020 | 3 | $3.1M | $950,000 | |
| FY2021 | 9 | $18.4M | $2,790,000 | |
| FY2022 | 6 | $5.9M | $620,000 | |
| FY2023 | 8 | $6.9M | $908,500 | |
| FY2024 | 9 | $6.6M | $675,000 | |
| FY2025 | 5 | $4.9M | $1,000,000 | |
| FY2026 | 4 | $5.5M | $552,500 |
How often do these acquisition loans fail?
Fewer than 20 New York Business Development Corporation acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 50 | 100.0% | $55.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 8.0% | $2.4M | |
| 2 | Limited-Service Restaurants | 3 | 6.0% | $2.6M | |
| 3 | General Automotive Repair | 3 | 6.0% | $2.1M | |
| 4 | Child Care Services | 3 | 6.0% | $2M | |
| 5 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 | 4.0% | $1.6M | |
| 6 | Other Building Finishing Contractors | 1 | 2.0% | $4.2M | |
| 7 | Jewelry Retailers | 1 | 2.0% | $4M | |
| 8 | All Other Professional, Scientific, and Technical Services | 1 | 2.0% | $3.2M | |
| 9 | Automotive Parts and Accessories Stores | 1 | 2.0% | $3.2M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | True Value | 1 | 2.0% | $927K | |
| 2 | Allegra | 1 | 2.0% | $600K |
Questions buyers ask
Does New York Business Development Corporation make SBA acquisition loans?
Yes. New York Business Development Corporation approved 50 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 177 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are New York Business Development Corporation's acquisition loans?
The median was $715,000, with the middle half between $484,750 and $1,254,125. The national median is $645,250, so this lender's typical loan is 11% higher than the national figure.
Which states does New York Business Development Corporation lend in?
New York (50). Its loans appear in 1 states, so it is closer to a regional lender.
Which industries does New York Business Development Corporation finance?
Full-Service Restaurants (4), Limited-Service Restaurants (3), General Automotive Repair (3), Child Care Services (3), Other Miscellaneous Nondurable Goods Merchant Wholesalers (2). The top industry is 8% of its acquisition loans.
How have New York Business Development Corporation's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
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Related
- New York acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by New York Business Development Corporation.