SBA 7(a) lenders in Cortland, NY

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

23 institutions have SBA 7(a) loans on record in Cortland, together $35.8M across 120 loans. Newtek Bank, National Association is the largest, with 18% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Newtek Bank, National Association	3	$6.3M	17.7%	0.00%
2	The MINT National Bank	2	$4.4M	12.3%	9.02%
3	NBT Bank, National Association	25	$4.0M	11.1%	1.78%
4	New Millennium Bank	2	$3.2M	8.9%	0.00%
5	Newtek Small Business Finance, Inc.	2	$2.6M	7.2%	0.00%
6	KeyBank National Association	28	$2.5M	7.0%	0.00%
7	Byline Bank	3	$2.4M	6.6%	0.00%
8	Manufacturers and Traders Trust Company	19	$1.7M	4.8%	0.89%
9	Tompkins Community Bank	13	$1.6M	4.5%	0.00%
10	Hanover Community Bank	1	$1.6M	4.3%	0.00%
11	New York Business Development Corporation	3	$1.4M	4.0%	0.00%
12	Beginnings Credit Union	2	$1.4M	4.0%	0.00%
13	Peapack Private Bank and Trust	2	$1.2M	3.2%	0.00%
14	Bank of America, National Association	1	$300K	0.8%	0.00%
15	BayFirst National Bank	2	$300K	0.8%	0.00%
16	Solvay Bank	2	$250K	0.7%	0.00%
17	Chemung Canal Trust Company	2	$245K	0.7%	0.00%
18	Community Bank, National Association	1	$150K	0.4%	0.00%
19	Watertown Savings Bank	1	$65K	0.2%	0.00%
20	Cayuga Lake National Bank	1	$55K	0.2%	0.00%
21	Citizens Bank, National Association	2	$52K	0.1%	0.00%
22	VelocitySBA, LLC	2	$28K	0.1%	0.00%
23	Readycap Lending, LLC	1	$17K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Accommodation & food services	30	$13.9M	38.9%
2	Retail trade	5	$5.6M	15.6%
3	Wholesale trade	7	$5.1M	14.3%
4	Manufacturing	7	$2.9M	8.0%
5	Manufacturing	5	$1.7M	4.8%
6	Real estate & leasing	2	$1.6M	4.4%
7	Arts, entertainment & recreation	5	$1.1M	3.0%
8	Administrative & waste services	9	$1.1M	2.9%
9	Construction	17	$861K	2.4%
10	Other services	10	$594K	1.7%
11	Professional & technical services	6	$331K	0.9%
12	Health care & social assistance	2	$316K	0.9%
13	Retail trade	6	$250K	0.7%
14	Manufacturing	2	$218K	0.6%
15	Transportation & warehousing	4	$184K	0.5%
16	Agriculture, forestry & fishing	2	$87K	0.2%
17	Educational services	1	$25K	0.1%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.