SBA loans in New York: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 1,530 7(a) loans to buy an existing business in New York, totaling $1.6B. The median loan was $577,500, 10% lower than the $645,250 national median for SBA-financed acquisitions. Volume rose 57% from FY2024 to FY2026.
- Loans, FY2018-FY2026
- 1,530
- Median loan
- $577,500 (middle half $220,000 to $1,356,000)
- Top lender
- Manufacturers and Traders Trust Company (13%, 199 loans)
- Top industry
- Beer, Wine, and Liquor Retailers
- Charge-off, FY2018-FY2021 loans
- 2.7% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 244 (+22% vs FY2025)
SBA lenders approved 1,530 7(a) loans to buy a business in New York from FY2018-FY2026, with a median of $577,500 and a middle half of $220,000 to $1,356,000. Manufacturers and Traders Trust Company made 13% of them. FY2026 had 244 loans, up 22% from FY2025.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
SBA lenders in New York
The lenders that made the most SBA 7(a) acquisition loans in New York, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 199 | 13.0% | $123M | |
| 2 | Live Oak Banking Company | 154 | 10.1% | $254M | |
| 3 | New York Business Development Corporation | 50 | 3.3% | $55.6M | |
| 4 | The Huntington National Bank | 45 | 2.9% | $35.6M | |
| 5 | NBT Bank, National Association | 44 | 2.9% | $15.9M | |
| 6 | New Millennium Bank | 43 | 2.8% | $41.5M | |
| 7 | Provident Bank | 40 | 2.6% | $24.5M | |
| 8 | Beacon Bank and Trust | 37 | 2.4% | $61.5M | |
| 9 | Five Star Bank | 31 | 2.0% | $9.1M | |
| 10 | Tompkins Community Bank | 30 | 2.0% | $7.6M |
What this tells a buyer
- Deal size band. Half of New York acquisition loans fell between $220,000 and $1,356,000. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. New York accounts for 3.1% of all SBA acquisition loans and ranks number 13 of 54 states and territories by count.
- Industry concentration. Beer, Wine, and Liquor Retailers is the most financed business type here (108 loans, 7% of the state). The top three industries together are 16%.
- Lender concentration. Manufacturers and Traders Trust Company made 13% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 11% of acquisition loans in New York involved a franchised brand; the most frequent is Subway (8 loans).
How New York compares
| Measure | New York | All acquisitions |
|---|---|---|
| Median loan | $577,500 | $645,250 |
| Middle half of loans | $220,000 to $1,356,000 | $283,000 to $1,465,000 |
| Average initial rate | 7.83% | 7.76% |
| Median term | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 2.7% | 3.5% |
| Loans in sample | 1,530 | 48,902 |
The median for New York acquisition loans is $577,500, slightly below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $220,000 to $1,356,000, 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 7.83%, in line with the 7.76% national average.
Seasoned loans were charged off at 2.7%, below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | New York | All acquisitions |
|---|---|---|
| Under $350K | 35% | 30% |
| $350K to under $1M | 31% | 33% |
| $1M to under $2M | 17% | 19% |
| $2M and over | 17% | 17% |
Most New York acquisition loans (66%) were under $1M, and the largest single band is Under $350K at 35%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Manufacturers and Traders Trust Company made 13% of New York acquisition loans, and the top three lenders together made 26%. 94 of the 170 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, 444 New York acquisition loans were approved. That is 45% more than the 306 approved in FY2023 and FY2024. The median was $694,800, above the $577,500 median across all years.
New York acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 127 | $89.1M | $350,000 | |
| FY2019 | 207 | $191M | $457,000 | |
| FY2020 | 151 | $164M | $700,000 | |
| FY2021 | 177 | $185M | $580,000 | |
| FY2022 | 118 | $116M | $567,250 | |
| FY2023 | 151 | $146M | $584,000 | |
| FY2024 | 155 | $153M | $600,000 | |
| FY2025 | 200 | $220M | $660,000 | |
| FY2026 | 244 | $311M | $720,350 |
How often do these acquisition loans fail?
Of the 661 New York acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 18 have been charged off by the SBA, a rate of 2.7% by loan count and 1.7% by dollars. 337 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 New York is 23% 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top industries in New York
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 108 | 7.1% | $92.6M | |
| 2 | Limited-Service Restaurants | 72 | 4.7% | $50.9M | |
| 3 | Full-Service Restaurants | 58 | 3.8% | $41.6M | |
| 4 | Hotels (except Casino Hotels) and Motels | 49 | 3.2% | $118M | |
| 5 | Drycleaning and Laundry Services (except Coin-Operated) | 35 | 2.3% | $14M | |
| 6 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 30 | 2.0% | $29.7M | |
| 7 | Insurance Agencies and Brokerages | 29 | 1.9% | $38.2M | |
| 8 | Funeral Homes and Funeral Services | 28 | 1.8% | $44.6M | |
| 9 | General Automotive Repair | 28 | 1.8% | $21.2M | |
| 10 | Fitness and Recreational Sports Centers | 27 | 1.8% | $22.5M |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Franchise brands bought in New York
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 8 | 0.5% | $1.6M | |
| 2 | Quality Inn | 7 | 0.5% | $21.2M | |
| 3 | The UPS Store | 5 | 0.3% | $1.7M | |
| 4 | Perri's Pizzeria | 5 | 0.3% | $590K | |
| 5 | Red Roof Inn | 4 | 0.3% | $13.5M | |
| 6 | Motel 6 | 4 | 0.3% | $9.6M | |
| 7 | Super 8 | 4 | 0.3% | $8M | |
| 8 | Domino's Pizza | 4 | 0.3% | $5.6M | |
| 9 | Edible Arrangements | 4 | 0.3% | $2.1M | |
| 10 | Salsarita's Fresh Cantina | 4 | 0.3% | $674K | |
| 11 | Comfort Inn | 3 | 0.2% | $8.5M | |
| 12 | Jersey Mike's Subs | 3 | 0.2% | $5.6M | |
| 13 | Retrofitness | 3 | 0.2% | $4.2M | |
| 14 | Anytime Fitness | 3 | 0.2% | $3.8M | |
| 15 | True Value | 3 | 0.2% | $2.1M |
Acquisitions by industry in New York
The 20 industries with the most acquisition loans in New York (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Beer, Wine, and Liquor Retailers | 108 | $600,500 | 0.0% |
| Limited-Service Restaurants | 72 | $350,000 | 0.0% |
| Full-Service Restaurants | 58 | $302,000 | 0.0% |
| Hotels and Motels | 49 | $2,325,000 | 0.0% |
| Drycleaning and Laundry Services | 35 | $350,000 | 7.7% |
| Supermarkets and Other Grocery Retailers | 30 | $480,000 | 5.0% |
| Insurance Agencies and Brokerages | 29 | $1,034,900 | n/a |
| Funeral Homes and Funeral Services | 28 | $1,499,500 | n/a |
| General Automotive Repair | 28 | $536,000 | n/a |
| Fitness and Recreational Sports Centers | 27 | $500,000 | n/a |
| All Other Specialty Trade Contractors | 24 | $388,250 | n/a |
| Pharmacies and Drug Retailers | 23 | $1,035,500 | n/a |
| Nail Salons | 19 | $300,000 | n/a |
| Plumbing, Heating, and Air-Conditioning Contractors | 19 | $500,000 | n/a |
| All Other Personal Services | 17 | $623,000 | n/a |
| Drinking Places (Alcoholic Beverages) | 17 | $189,000 | n/a |
| Child Care Services | 16 | $810,350 | n/a |
| Coin-Operated Laundries and Drycleaners | 16 | $762,500 | n/a |
| Landscaping Services | 15 | $686,000 | n/a |
| Janitorial Services | 15 | $263,500 | n/a |
Metro areas in New York
One metro area has enough New York acquisition loans for a page of its own (150 or more).
Questions buyers ask
How much do buyers borrow to buy a business in New York?
The median SBA 7(a) acquisition loan in New York was $577,500 across 1,530 loans (FY2018 to FY2026), 10% lower than the $645,250 national median. The middle half of loans ran from $220,000 to $1,356,000. 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?
Manufacturers and Traders Trust Company (199), Live Oak Banking Company (154), New York Business Development Corporation (50), The Huntington National Bank (45), NBT Bank, National Association (44). Manufacturers and Traders Trust Company alone accounts for 13% of New York acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in New York?
Beer, Wine, and Liquor Retailers (108), Limited-Service Restaurants (72), Full-Service Restaurants (58), Hotels (except Casino Hotels) and Motels (49), Drycleaning and Laundry Services (except Coin-Operated) (35). The top three industries make up 16% of the state's acquisition loans.
How often do SBA acquisition loans fail in New York?
In the seasoned cohort (FY2018 to FY2021), among 661 New York acquisition loans: 2.7% charged off, 23% lower than the 3.5% national acquisition average.
How does New York compare with other states?
New York ranks number 13 of 54 states and territories by acquisition loan count, with 3.1% of national volume (1,530 of 48,902 loans) and $1.6B approved. Browse the full state ranking.
How much do you need down for an SBA loan to buy a business in New York?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for New York acquisition loans was $577,500, and the middle half ran $220,000 to $1,356,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 444 New York acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in New York?
By loan count, FY2018 to FY2026: Manufacturers and Traders Trust Company (199), Live Oak Banking Company (154), New York Business Development Corporation (50), The Huntington National Bank (45), NBT Bank, National Association (44). Manufacturers and Traders Trust Company made 13% of New York acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- Beer, Wine, and Liquor Retailers nationally
- Limited-Service Restaurants nationally
- Full-Service Restaurants nationally
- Manufacturers and Traders Trust Company
- Live Oak Banking Company
- New York Business Development Corporation
- All states
- SBA lenders by state
- Buyer's guide to the data
State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.
Cite this data
SBA Acquisition Data, "New York: SBA acquisition loan data", https://sbaacquisitiondata.com/state/ny (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/state/ny.json.