Top SBA Lenders in New York for Construction
4 SBA 7(a) lenders active in New York's construction sector.
Lenders
14 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Construction Lenders in New York
Loans
3
Rate
P+3.00%
0.0%
Small Business Administration (SBA) data only — profile coming soon
Rate Distribution (Construction in New York)
All Construction Lenders in New York
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Community Bank & Trust-West Georgia | 4 | $11.5M | P+2.75% | 2.7% |
| 2 | Manufacturers and Traders Trust Company | 4 | $9.0M | P+2.25% | 1.0% |
| 3 | New York Business Development Corporation | 3 | $2.0M | P+3.00% | 0.0% |
| 4 | ESL FCU | 3 | $2.6M | P+0.00% | 0.0% |
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Customize your search →Construction SBA Lending in New York
4 SBA 7(a) lenders are active in New York's construction sector, having originated 14 loans totaling $25.1M. The median rate for construction acquisitions in New York is Prime + 2.75%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.9%, which is above the state average of 1.5%.
Frequently Asked Questions
How many SBA lenders specialize in construction in New York?
4 SBA 7(a) lenders have originated construction acquisition loans in New York, with a combined 14 loans.
What rate can I expect for a construction acquisition in New York?
The median rate is Prime + 2.75% (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 construction SBA loans in New York?
The 10-year cumulative default rate is 1.9%, 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.