Access the Top SBA Lending for New York Small Business
New York has an economy and lively communities that create an environment for small businesses to flourish. From the streets of Manhattan, to the views of the Hudson Valley entrepreneurs have plenty of opportunities to grow and thrive. By utilizing notch SBA lending programs small businesses in New York can secure support to drive their expansion and innovation.
Between March 2021 and March 2022,
78,100 New York establishments
opened and 54,285 closed, for a net
increase of 23,815. Employment
expanded at 142,230 establishments
and contracted at 98,939. Small
businesses accounted for 73,367
Establishments in New York
Employment in New York
Between March 2021 and March 2022,
78,100 New York establishments
opened and 54,285 closed, for a net
increase of 23,815. Employment
expanded at 142,230 establishments
and contracted at 98,939. Small
businesses accounted for 73,367
The Community Reinvestment Act
requires large banks to report new
small business loans. In 2021, reporting
banks issued $5.1 billion in loans to
New York businesses with revenues of
$1 million or less. Total reported new
lending to businesses through loans of
$100,000 or less was $9.7 billion. Total
reported new lending to businesses
through loans of $1 million or less was
$24.6 billion.
New lending to businesses with revenues under $1 million
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