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SBA lenders in Albany, NY

SBA 7(a) and 504 loans to businesses in Albany (Albany County), October 2021 to June 30, 2026 · Updated October 15, 2026
145
SBA loans approved
$80.3M
Total approved
$150,000
Median loan
32
Lenders active
35%
To startups

145 SBA loans worth $80.3M went to businesses in Albany, NY between October 2021 and June 2026, from 32 lenders. Manufacturers and Traders Trust made the most, 20 loans. The median loan was $150,000, compared with $150,000 across New York, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Albany

#LenderLoansApprovedMedian loanTo startups
1Manufacturers and Traders Trust
Bank · Buffalo, NY
20$1.3M$60,00045%
2Empire State Certified Development
Certified development company · Latham, NY
17$19.5M$509,00012%
3KeyBank
Bank · Cleveland, OH
15$2.8M$50,00080%
4TD Bank
Bank · Wilmington, DE
11$1.2M$100,00036%
5Chemung Canal Trust
Bank · Elmira, NY
10$1.7M$99,85030%
6Newtek Bank
Bank · Miami, FL
9$965K$75,00044%
7Beacon Bank and Trust
Bank · Boston, MA
7$18.3M$2,645,00014%
8Northeast Bank
Bank · Portland, ME
7$1.7M$250,0000%
9Huntington National Bank
Bank · Columbus, OH
6$1.3M$230,00033%
10Readycap Lending
Non-bank lender · Berkeley Heights, NJ
5$190K$41,5000%
11New York Business Development
Non-bank lender · Latham, NY
4$2.1M$407,50050%
12NBT Bank
Bank · Norwich, NY
4$1.5M$382,50050%
13BayFirst National Bank
Bank · St. Petersburg, FL
3$613K$150,0000%
14NYBDC Local Development Corporation dba Pursuit Community Finance
Non-bank lender · Latham, NY
3$570K$150,00067%
15Peoples Bank
Bank · Mendenhall, MS
2$5.0M$2,486,500100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Albany. For 504 loans the lender shown is the certified development company.

What gets financed in Albany

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels30
21%
$324,950KeyBank
Professional and technical services27
19%
$126,000Manufacturers and Traders Trust
Retail17
12%
$250,000KeyBank
Health care and social assistance11
8%
$113,000Manufacturers and Traders Trust
Manufacturing9
6%
$150,000Chemung Canal Trust
Transportation and warehousing9
6%
$100,000Manufacturers and Traders Trust
Arts, entertainment and recreation8
6%
$106,000TD Bank
Administrative and support services7
5%
$70,000Chemung Canal Trust
Loan size mix
  • Under $150,00050%
  • $150,000 to $500,00027%
  • $500,000 to $2 million14%
  • $2 million and up9%
Compared with New York
Median loan, Albany
$150,000
Median loan, New York
$150,000
Startup share, Albany
35%
Startup share, New York
25%
Share of state's SBA loans
0.7%

SBA loans per fiscal year in Albany

0234770FY14: 42 loansFY14FY15: 47 loansFY15FY16: 67 loansFY1667FY17: 64 loansFY17FY18: 45 loansFY18FY19: 23 loansFY19FY20: 23 loansFY20FY21: 24 loansFY21FY22: 23 loansFY22FY23: 31 loansFY23FY24: 18 loansFY24FY25: 43 loansFY25FY26 (Oct to Jun): 30 loansFY2630
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.