Chemung Canal Trust approved 56 SBA loans worth $7.0M between October 2021 and June 2026, ranking #518 of 2,283 SBA lenders nationally by loan count. Its median loan was $100,000, and 41% went to startups or businesses under two years old. It lent in 2 states, most often in New York, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New York | 54 | $6.9M | $107,350 | #45 |
| Pennsylvania | 2 | $46K | $23,250 | #178 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 15 | $100,000 | |
| Manufacturing | 9 | $60,000 | |
| Construction | 5 | $210,000 | |
| Professional and technical services | 5 | $85,000 | |
| Other services (repair, personal care) | 3 | $125,000 | |
| Health care and social assistance | 3 | $114,700 | |
| Administrative and support services | 3 | $86,000 | |
| Real estate and rental | 2 | $200,000 | |
| Finance and insurance | 2 | $300,000 | |
| Arts, entertainment and recreation | 2 | $22,000 |