Manufacturers and Traders Trust approved 9,964 SBA loans worth $1.2B between October 2021 and June 2026, ranking #6 of 2,283 SBA lenders nationally by loan count. Its median loan was $50,000, and 38% went to startups or businesses under two years old. It lent in 18 states, most often in New York, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New York | 3,162 | $362.3M | $50,000 | #2 |
| Maryland | 2,076 | $255.5M | $50,000 | #1 |
| Pennsylvania | 1,094 | $125.9M | $50,000 | #3 |
| New Jersey | 948 | $95.5M | $55,000 | #2 |
| Connecticut | 843 | $91.4M | $50,000 | #1 |
| Virginia | 587 | $85.1M | $72,000 | #1 |
| Massachusetts | 372 | $44.3M | $51,600 | #5 |
| Delaware | 348 | $37.9M | $47,000 | #1 |
| New Hampshire | 151 | $20.4M | $50,000 | #3 |
| District of Columbia | 149 | $22.9M | $60,000 | #1 |
| Vermont | 103 | $7.3M | $33,400 | #3 |
| Maine | 85 | $8.7M | $40,000 | #5 |
| West Virginia | 30 | $2.5M | $32,500 | #5 |
| Florida | 6 | $345K | $50,000 | #167 |
| Rhode Island | 4 | $341K | $83,000 | #39 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 1,660 | $55,000 | |
| Retail | 1,160 | $50,000 | |
| Restaurants and hotels | 1,145 | $60,000 | |
| Other services (repair, personal care) | 1,036 | $45,000 | |
| Professional and technical services | 1,008 | $50,000 | |
| Health care and social assistance | 751 | $50,000 | |
| Administrative and support services | 635 | $46,000 | |
| Transportation and warehousing | 590 | $40,000 | |
| Manufacturing | 501 | $75,000 | |
| Arts, entertainment and recreation | 375 | $60,200 |