58 SBA loans worth $20.5M went to businesses in Troy, NY between October 2021 and June 2026, from 17 lenders. Manufacturers and Traders Trust made the most, 11 loans. The median loan was $106,450, compared with $150,000 across New York, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 11 | $1.4M | $55,000 | 55% |
| 2 | NBT Bank Bank · Norwich, NY | 10 | $7.0M | $444,000 | 0% |
| 3 | TD Bank Bank · Wilmington, DE | 7 | $390K | $25,000 | 57% |
| 4 | KeyBank Bank · Cleveland, OH | 7 | $372K | $16,700 | 86% |
| 5 | Chemung Canal Trust Bank · Elmira, NY | 4 | $640K | $105,000 | 25% |
| 6 | Empire State Certified Development Certified development company · Latham, NY | 3 | $1.3M | $185,000 | 0% |
| 7 | Peapack Private Bank and Trust Bank · Bedminster, NJ | 2 | $2.6M | $1,310,500 | 0% |
| 8 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $300K | $150,000 | 50% |
| 9 | Northeast Bank Bank · Portland, ME | 2 | $270K | $135,000 | 50% |
| 10 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $200K | $100,000 | 0% |
| 11 | Arrow Bank Bank · Glens Falls, NY | 2 | $118K | $59,000 | 0% |
| 12 | Truliant FCU Credit union · Winston-Salem, NC | 1 | $4.7M | $4,650,000 | 0% |
| 13 | New York Business Development Non-bank lender · Latham, NY | 1 | $850K | $850,000 | 0% |
| 14 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $140K | $140,000 | 0% |
| 15 | Newtek Bank Bank · Miami, FL | 1 | $105K | $105,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 10 | $95,000 | NBT Bank | |
| Administrative and support services | 9 | $107,900 | NBT Bank | |
| Professional and technical services | 9 | $500,000 | NBT Bank | |
| Manufacturing | 8 | $105,000 | Chemung Canal Trust | |
| Retail | 8 | $87,500 | Peapack Private Bank and Trust | |
| Restaurants and hotels | 7 | $105,000 | KeyBank | |
| Other services (repair, personal care) | 5 | $45,000 | Manufacturers and Traders Trust | |
| Real estate and rental | 1 | $388,000 | NBT Bank |