SBA 7(a) lenders in Schenectady, NY

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

Lenders

48 institutions have SBA 7(a) loans on record in Schenectady, together $89.2M across 356 loans. KeyBank National Association is the largest, with 18% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	KeyBank National Association	71	$15.9M	17.8%	0.15%
2	New York Business Development Corporation	17	$7.6M	8.5%	3.94%
3	Beacon Bank and Trust	52	$5.3M	5.9%	1.74%
4	Celtic Bank Corporation	2	$4.5M	5.0%	0.00%
5	TD Bank, National Association	19	$4.1M	4.6%	1.43%
6	Pioneer Bank, National Association	1	$4.0M	4.5%	0.00%
7	Everwise Credit Union	1	$3.9M	4.3%	0.00%
8	Bank of America, National Association	5	$3.7M	4.1%	0.00%
9	Happen Bank	2	$3.6M	4.0%	56.36%
10	Manufacturers and Traders Trust Company	45	$3.5M	4.0%	0.70%
11	Open Bank	1	$2.8M	3.2%	0.00%
12	First National Bank of Scotia	10	$2.8M	3.1%	0.17%
13	Newtek Small Business Finance, Inc.	6	$2.7M	3.0%	0.00%
14	NBT Bank, National Association	17	$2.5M	2.8%	1.79%
15	Northeast Bank	8	$2.2M	2.4%	0.00%
16	Live Oak Banking Company	4	$2.1M	2.4%	0.00%
17	Wells Fargo Bank National Association	3	$2.0M	2.2%	0.00%
18	Stearns Bank National Association	2	$1.7M	1.9%	1.79%
19	Fulton Bank, National Association	1	$1.6M	1.8%	0.00%
20	Newtek Bank, National Association	3	$1.6M	1.7%	0.00%
21	Community Bank, National Association	7	$1.2M	1.4%	6.67%
22	Trustco Bank	10	$1.1M	1.3%	0.00%
23	Readycap Lending, LLC	5	$1.1M	1.2%	0.00%
24	Arrow Bank National Association	9	$963K	1.1%	0.00%
25	Empire State Certified Development Corporation	4	$720K	0.8%	0.00%
26	Chemung Canal Trust Company	3	$650K	0.7%	0.00%
27	NYBDC Local Development Corporation dba Pursuit Community Finance	3	$570K	0.6%	0.00%
28	First Bank	1	$500K	0.6%	0.00%
29	BayFirst National Bank	3	$481K	0.5%	0.00%
30	Ballston Spa National Bank	4	$404K	0.5%	0.00%
31	Bank Five Nine	2	$393K	0.4%	0.00%
32	Banc of California	1	$392K	0.4%	0.00%
33	Citizens Bank, National Association	10	$363K	0.4%	0.00%
34	Hana Bank USA National Association	1	$350K	0.4%	0.00%
35	United Midwest Savings Bank National Association	2	$300K	0.3%	0.00%
36	The Pittsfield Co-operative Bank	1	$250K	0.3%	0.00%
37	United Community Bank	2	$240K	0.3%	71.36%
38	The Adirondack Trust Company	5	$218K	0.2%	0.00%
39	The Bank of Bennington	1	$204K	0.2%	0.00%
40	Hanmi Bank	1	$170K	0.2%	0.00%
41	Solvay Bank	1	$160K	0.2%	59.33%
42	Cache Valley Bank	1	$145K	0.2%	0.00%
43	First Merchants Bank	2	$100K	0.1%	0.00%
44	Hudson Valley Federal Credit Union	2	$100K	0.1%	0.00%
45	JPMorgan Chase Bank, National Association	1	$100K	0.1%	0.00%
46	HSBC Bank USA National Association	1	$50K	0.1%	0.00%
47	VelocitySBA, LLC	2	$25K	0.0%	0.00%
48	Independence Bank	1	$25K	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	54	$26.2M	29.3%
2	Construction	56	$14.7M	16.5%
3	Professional & technical services	28	$12.1M	13.5%
4	Retail trade	36	$7.7M	8.6%
5	Manufacturing	22	$4.9M	5.5%
6	Wholesale trade	18	$4.3M	4.9%
7	Other services	30	$4.0M	4.4%
8	Health care & social assistance	25	$3.4M	3.8%
9	Real estate & leasing	10	$3.0M	3.4%
10	Manufacturing	10	$2.2M	2.5%
11	Arts, entertainment & recreation	9	$1.9M	2.1%
12	Retail trade	16	$1.6M	1.8%
13	Information	4	$1.0M	1.2%
14	Administrative & waste services	13	$798K	0.9%
15	Transportation & warehousing	8	$658K	0.7%
16	Finance & insurance	8	$337K	0.4%
17	Educational services	5	$320K	0.4%
18	Manufacturing	2	$150K	0.2%
19	Agriculture, forestry & fishing	2	$100K	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.