Business Initiative Corporation of New York approved 33 SBA loans worth $45.9M between October 2021 and June 2026, ranking #695 of 2,283 SBA lenders nationally by loan count. Its median loan was $1,106,000, and 18% went to startups or businesses under two years old. It lent in 1 states, most often in New York, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New York | 33 | $45.9M | $1,106,000 | #60 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 11 | $1,106,000 | |
| Other services (repair, personal care) | 5 | $598,000 | |
| Construction | 4 | $901,000 | |
| Professional and technical services | 3 | $747,000 | |
| Health care and social assistance | 2 | $1,287,500 | |
| Wholesale trade | 2 | $1,099,000 | |
| Real estate and rental | 2 | $1,108,500 | |
| Education | 1 | $494,000 | |
| Manufacturing | 1 | $1,396,000 | |
| Retail | 1 | $5,000,000 |