SBA 7(a) lenders in Montgomery, NY
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
16 institutions have SBA 7(a) loans on record in Montgomery, together $15.1M across 86 loans. KeyBank National Association is the largest, with 55% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | KeyBank National Association | 27 | $8.2M | 54.6% | 0.12% |
| 2 | NBT Bank, National Association | 16 | $2.1M | 14.1% | 5.67% |
| 3 | Beacon Bank and Trust | 19 | $1.4M | 9.5% | 5.23% |
| 4 | PNC Bank, National Association | 2 | $1.3M | 8.7% | 0.00% |
| 5 | BayFirst National Bank | 1 | $350K | 2.3% | 0.00% |
| 6 | New York Business Development Corporation | 1 | $245K | 1.6% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 6 | $238K | 1.6% | 0.00% |
| 8 | Arrow Bank National Association | 1 | $221K | 1.5% | 0.00% |
| 9 | Citizens Bank, National Association | 5 | $199K | 1.3% | 0.00% |
| 10 | Harvest Small Business Finance, LLC | 1 | $195K | 1.3% | 0.00% |
| 11 | NYBDC Local Development Corporation dba Pursuit Community Finance | 1 | $180K | 1.2% | 0.00% |
| 12 | Community Bank, National Association | 1 | $180K | 1.2% | 0.00% |
| 13 | TD Bank, National Association | 1 | $50K | 0.3% | 0.00% |
| 14 | Readycap Lending, LLC | 1 | $50K | 0.3% | 0.00% |
| 15 | Bank of America, National Association | 2 | $50K | 0.3% | 0.00% |
| 16 | SoFi Bank, National Association | 1 | $16K | 0.1% | 72.08% |
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 | Construction | 23 | $6.2M | 41.2% |
| 2 | Manufacturing | 5 | $1.7M | 11.0% |
| 3 | Professional & technical services | 3 | $1.2M | 8.1% |
| 4 | Wholesale trade | 10 | $1.1M | 7.3% |
| 5 | Health care & social assistance | 10 | $789K | 5.2% |
| 6 | Retail trade | 5 | $770K | 5.1% |
| 7 | Other services | 7 | $651K | 4.3% |
| 8 | Information | 2 | $551K | 3.7% |
| 9 | Administrative & waste services | 2 | $463K | 3.1% |
| 10 | Agriculture, forestry & fishing | 5 | $411K | 2.7% |
| 11 | Manufacturing | 2 | $280K | 1.9% |
| 12 | Accommodation & food services | 3 | $195K | 1.3% |
| 13 | Retail trade | 1 | $180K | 1.2% |
| 14 | Real estate & leasing | 2 | $150K | 1.0% |
| 15 | Transportation & warehousing | 2 | $135K | 0.9% |
| 16 | Finance & insurance | 1 | $100K | 0.7% |
| 17 | Transportation & warehousing | 1 | $100K | 0.7% |
| 18 | Manufacturing | 1 | $60K | 0.4% |
| 19 | Arts, entertainment & recreation | 1 | $50K | 0.3% |
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.