SBA loans in New York City: who lends, what gets bought
Since FY2018, SBA lenders have approved 280 7(a) loans to buy an existing business in the New York City area, totaling $326M. The median loan was $745,000, 15% higher than the $645,250 national median. The area is New York, Kings, Queens, Bronx and Richmond Counties, New York, which together make 18% of the state's acquisition loans. Volume rose 140% from FY2024 to FY2026.
- Loans, FY2018-FY2026
- 280
- Median loan
- $745,000 (middle half $321,750 to $1,500,000)
- Top lender
- Live Oak Banking Company (10%, 27 loans)
- Top industry
- Beer, Wine, and Liquor Retailers
- Charge-off, FY2018-FY2021 loans
- 2.3% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 48 (+23% vs FY2025)
SBA lenders approved 280 7(a) loans to buy a business in the New York City area from FY2018-FY2026, with a median of $745,000 and a middle half of $321,750 to $1,500,000. Live Oak Banking Company made 10% of them. FY2026 had 48 loans, up 23% from FY2025.
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SBA lenders in New York City
The lenders that made the most SBA 7(a) acquisition loans in the New York City area, FY2018 to FY2026. Many lend in more than one state; open a lender page to see where else it lends.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 27 | 9.6% | $41.1M | |
| 2 | Provident Bank | 19 | 6.8% | $8.8M | |
| 3 | New Millennium Bank | 17 | 6.1% | $14.1M | |
| 4 | Byline Bank | 12 | 4.3% | $17.9M | |
| 5 | Hanmi Bank | 10 | 3.6% | $11.3M | |
| 6 | The Huntington National Bank | 10 | 3.6% | $8.5M | |
| 7 | Beacon Bank and Trust | 9 | 3.2% | $11.6M | |
| 8 | Woori America Bank | 8 | 2.9% | $7.4M | |
| 9 | The Bank of Princeton | 8 | 2.9% | $5.6M | |
| 10 | Bank of Hope | 8 | 2.9% | $3.5M |
What gets bought in New York City
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 24 | 8.6% | $25.9M | |
| 2 | Drycleaning and Laundry Services (except Coin-Operated) | 23 | 8.2% | $8.9M | |
| 3 | Limited-Service Restaurants | 17 | 6.1% | $15.5M | |
| 4 | Pharmacies and Drug Retailers | 15 | 5.4% | $19.8M | |
| 5 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 12 | 4.3% | $17.3M | |
| 6 | Full-Service Restaurants | 8 | 2.9% | $8.7M | |
| 7 | Child Care Services | 7 | 2.5% | $8.2M | |
| 8 | Insurance Agencies and Brokerages | 7 | 2.5% | $8M | |
| 9 | Offices of Dentists | 7 | 2.5% | $6.7M | |
| 10 | Fitness and Recreational Sports Centers | 6 | 2.1% | $6.5M |
Franchise brands bought in New York City
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Retrofitness | 2 | 0.7% | $2.8M | |
| 2 | The Bar Method | 2 | 0.7% | $1.5M | |
| 3 | Paul Davis Restoration | 1 | 0.4% | $5M | |
| 4 | European Wax Center | 1 | 0.4% | $3.2M | |
| 5 | Paris Baguette | 1 | 0.4% | $2.6M | |
| 6 | Stretch Lab | 1 | 0.4% | $1.3M | |
| 7 | Domino's Pizza | 1 | 0.4% | $772K | |
| 8 | Dunkin' | 1 | 0.4% | $558K | |
| 9 | The UPS Store | 1 | 0.4% | $270K | |
| 10 | Signarama | 1 | 0.4% | $250K | |
| 11 | Papa John's | 1 | 0.4% | $150K |
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New York City acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 30 | $20.2M | $375,000 | |
| FY2019 | 43 | $40.5M | $470,000 | |
| FY2020 | 28 | $34.3M | $893,500 | |
| FY2021 | 31 | $36.1M | $825,000 | |
| FY2022 | 19 | $26M | $1,200,000 | |
| FY2023 | 22 | $21.7M | $622,500 | |
| FY2024 | 20 | $19.5M | $848,500 | |
| FY2025 | 39 | $55.1M | $802,600 | |
| FY2026 | 48 | $72.2M | $1,180,000 |
How often do these acquisition loans fail?
Of the 132 the New York City area acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 2.3% by loan count and 0.3% by dollars. 64 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so the New York City area is 36% lower than the acquisition-loan average. 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.
How New York City compares
| Measure | New York City | New York, all | All acquisitions |
|---|---|---|---|
| Median loan | $745,000 | $577,500 | $645,250 |
| Middle half of loans | $321,750 to $1,500,000 | $220,000 to $1,356,000 | $283,000 to $1,465,000 |
| Average initial rate | 7.96% | 7.83% | 7.76% |
| Median term | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 2.3% | 2.7% | 3.5% |
| Loans in sample | 280 | 1,530 | 48,902 |
The median for New York City-area acquisition loans is $745,000, above the $577,500 median for all New York acquisitions and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $321,750 to $1,500,000, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.96%, above the 7.76% national average.
Seasoned loans were charged off at 2.3%, below the 2.7% rate for all New York acquisitions and below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | New York City | All acquisitions |
|---|---|---|
| Under $350K | 27% | 30% |
| $350K to under $1M | 34% | 33% |
| $1M to under $2M | 21% | 19% |
| $2M and over | 18% | 17% |
Most New York City-area acquisition loans (60%) were under $1M, and the largest single band is $350K to under $1M at 34%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 10% of New York City-area acquisition loans, and the top three lenders together made 23%. 27 of the 89 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 87 New York City-area acquisition loans were approved. That is 107% more than the 42 approved in FY2023 and FY2024. The median was $1,050,000, well above the $745,000 median across all years.
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Counties in the New York City area
Loans are assigned to the area by the project county the lender recorded, not the borrower's mailing address. The counties used, with loans in each:
| County | Loans |
|---|---|
| New York, NY | 112 |
| Kings, NY | 76 |
| Queens, NY | 61 |
| Bronx, NY | 20 |
| Richmond, NY | 11 |
Questions buyers ask
How much do buyers borrow to buy a business in the New York City area?
The median SBA 7(a) acquisition loan in the New York City area was $745,000 across 280 loans (FY2018 to FY2026), 15% higher than the $645,250 national median. The middle half of loans ran from $321,750 to $1,500,000. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.
Which banks make the most SBA acquisition loans in New York City?
Live Oak Banking Company (27), Provident Bank (19), New Millennium Bank (17), Byline Bank (12), Hanmi Bank (10). Live Oak Banking Company accounts for 10% of New York City-area acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in New York City?
Beer, Wine, and Liquor Retailers (24), Drycleaning and Laundry Services (23), Limited-Service Restaurants (17), Pharmacies and Drug Retailers (15), Supermarkets and Other Grocery Retailers (12). Industry is the NAICS code the lender recorded.
How often do SBA acquisition loans fail in New York City?
In the seasoned cohort (FY2018 to FY2021), among 132 New York City-area acquisition loans: 2.3% charged off, 36% lower than the 3.5% national acquisition average.
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Related
- All New York acquisitions
- Beer, Wine, and Liquor Retailers nationally
- Drycleaning and Laundry Services nationally
- Limited-Service Restaurants nationally
- Live Oak Banking Company
- Provident Bank
- New Millennium Bank
- All metro areas
- SBA lenders by state
The metro area is a fixed list of counties chosen for this site, not an official statistical area. State is the project state recorded by the lender.
Cite this data
SBA Acquisition Data, "New York City, NY: SBA acquisition loan data", https://sbaacquisitiondata.com/metro/new-york-city (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/metro/new-york-city.json.