New York Business Development Corporation
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by New York Business Development Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 152 | $76.9M | $506K | 13.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 48 | $20.4M | $424K | 4.3% |
| 722513 | Limited-Service Restaurants | 48 | $23.9M | $499K | 4.3% |
| 312120 | Breweries | 48 | $42.5M | $886K | 4.3% |
| 624410 | Child Day Care Services | 40 | $29.6M | $739K | 3.6% |
| 811111 | General Automotive Repair | 40 | $23.4M | $584K | 3.6% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $19.2M | $601K | 2.9% |
| 812990 | All Other Personal Services | 24 | $6.4M | $267K | 2.2% |
| 445320 | Other | 24 | $11.7M | $488K | 2.2% |
| 812112 | Beauty Salons | 24 | $5.4M | $226K | 2.2% |
Geographic Distribution
SBA lending activity for New York Business Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 1,104 | $921.8M | 100.0% |
Why Choose New York Business Development Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,104 SBA loans approved, totaling $921.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Drinking Places (Alcoholic Beverages), Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.45% with flexible term lengths averaging 148 months
- ✓Loan Range: Loan sizes from $90K to $5.0M, with an average of $835K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about New York Business Development Corporation SBA lending
What types of businesses does New York Business Development Corporation typically finance?
New York Business Development Corporation specializes in SBA 7(a) lending to specific industries including full-service restaurants, drinking places (alcoholic beverages), limited-service restaurants, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are New York Business Development Corporation's typical SBA loan terms?
New York Business Development Corporation's SBA 7(a) loans typically feature an average interest rate of 8.45% and average term length of 148 months (approximately 12 years). Loan sizes range from $90K to $5.0M, with an average loan size of $835K.
Do I need a business valuation for a New York Business Development Corporation SBA loan?
Yes, New York Business Development Corporation typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does New York Business Development Corporation compare to other SBA lenders?
New York Business Development Corporation has originated 1,104 SBA loans totaling $921.8M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does New York Business Development Corporation lend in?
New York Business Development Corporation provides SBA 7(a) financing with particularly strong presence in NY. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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