99 SBA loans worth $42.0M went to businesses in Schenectady, NY between October 2021 and June 2026, from 22 lenders. Manufacturers and Traders Trust made the most, 20 loans. The median loan was $150,000, compared with $150,000 across New York, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 20 | $1.3M | $45,000 | 25% |
| 2 | Empire State Certified Development Certified development company · Latham, NY | 15 | $13.7M | $602,000 | 33% |
| 3 | KeyBank Bank · Cleveland, OH | 15 | $4.9M | $30,000 | 80% |
| 4 | TD Bank Bank · Wilmington, DE | 9 | $1.2M | $40,000 | 22% |
| 5 | Beacon Bank and Trust Bank · Boston, MA | 6 | $1.8M | $250,000 | 83% |
| 6 | Northeast Bank Bank · Portland, ME | 6 | $1.4M | $207,500 | 0% |
| 7 | New York Business Development Non-bank lender · Latham, NY | 5 | $1.7M | $270,000 | 60% |
| 8 | Newtek Bank Bank · Miami, FL | 3 | $1.6M | $50,000 | 0% |
| 9 | Celtic Bank Bank · Salt Lake City, UT | 2 | $4.5M | $2,242,900 | 100% |
| 10 | Bank of America Bank · Charlotte, NC | 2 | $1.8M | $878,050 | 0% |
| 11 | Live Oak Banking Bank · Wilmington, NC | 2 | $704K | $352,000 | 0% |
| 12 | Arrow Bank Bank · Glens Falls, NY | 2 | $500K | $250,000 | 0% |
| 13 | NBT Bank Bank · Norwich, NY | 2 | $300K | $150,000 | 100% |
| 14 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $286K | $142,750 | 0% |
| 15 | Everwise Credit Union Credit union · South Bend, IN | 1 | $3.9M | $3,880,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 16 | $101,500 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 14 | $172,000 | Northeast Bank | |
| Restaurants and hotels | 13 | $159,300 | KeyBank | |
| Construction | 13 | $45,000 | Manufacturers and Traders Trust | |
| Manufacturing | 11 | $250,000 | Beacon Bank and Trust | |
| Professional and technical services | 9 | $500,000 | KeyBank | |
| Wholesale trade | 5 | $200,000 | NBT Bank | |
| Real estate and rental | 4 | $376,000 | Business Initiative Corporation of New York |