Top SBA Lenders in New York for Accommodation & Food Services
3 SBA 7(a) lenders active in New York's accommodation & food services sector.
Lenders
14 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Accommodation & Food Services Lenders in New York
Rate Distribution (Accommodation & Food Services in New York)
All Accommodation & Food Services Lenders in New York
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7 | $1.5M | P+2.25% | 0.3% |
| 2 | First Heritage Federal Credit Union | 4 | $600K | P+0.75% | 0.0% |
| 3 | Metro City Bank | 3 | $4.6M | P+1.25% | 0.8% |
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3 SBA 7(a) lenders are active in New York's accommodation & food services sector, having originated 14 loans totaling $6.7M. The median rate for accommodation & food services acquisitions in New York is Prime + 1.25%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 0.5%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in New York?
3 SBA 7(a) lenders have originated accommodation & food services acquisition loans in New York, with a combined 14 loans.
What rate can I expect for a accommodation & food services acquisition in New York?
The median rate is Prime + 1.25% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in New York?
The 10-year cumulative default rate is 0.5%, compared to a statewide average of 1.5%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.