Top SBA Lenders in New York for Other Services
4 SBA 7(a) lenders active in New York's other services sector.
Lenders
18 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Other Services Lenders in New York
Rate Distribution (Other Services in New York)
All Other Services Lenders in New York
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 7 | $12.3M | P+1.50% | 0.8% |
| 2 | New Millennium Bank | 5 | $9.7M | P+1.00% | 0.0% |
| 3 | Celtic Bank Corporation | 3 | $1.4M | P+2.50% | 1.7% |
| 4 | First National Bank of Pennsylvania | 3 | $2.4M | P+2.00% | 1.2% |
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Customize your search →Other Services SBA Lending in New York
4 SBA 7(a) lenders are active in New York's other services sector, having originated 18 loans totaling $25.8M. The median rate for other services acquisitions in New York is Prime + 1.75%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.2%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in other services in New York?
4 SBA 7(a) lenders have originated other services acquisition loans in New York, with a combined 18 loans.
What rate can I expect for a other services acquisition in New York?
The median rate is Prime + 1.75% (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 other services SBA loans in New York?
The 10-year cumulative default rate is 1.2%, 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.