Top SBA Lenders in New York for Retail Trade
4 SBA 7(a) lenders active in New York's retail trade sector.
Lenders
16 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Retail Trade Lenders in New York
Rate Distribution (Retail Trade in New York)
All Retail Trade Lenders in New York
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 5 | $1.8M | P+2.25% | 0.3% |
| 2 | Hanmi Bank | 5 | $4.0M | P+1.75% | 1.0% |
| 3 | New Millennium Bank | 3 | $600K | P+1.00% | 0.0% |
| 4 | Hanover Community Bank | 3 | $3.4M | P+2.25% | 0.0% |
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Customize your search →Retail Trade SBA Lending in New York
4 SBA 7(a) lenders are active in New York's retail trade sector, having originated 16 loans totaling $9.8M. The median rate for retail trade acquisitions in New York is Prime + 2.00%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 0.6%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in retail trade in New York?
4 SBA 7(a) lenders have originated retail trade acquisition loans in New York, with a combined 16 loans.
What rate can I expect for a retail trade acquisition in New York?
The median rate is Prime + 2.00% (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 retail trade SBA loans in New York?
The 10-year cumulative default rate is 0.6%, 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.