States Served
Top Industries Financed
- Full-Service Restaurants
- Drinking Places (Alcoholic Beverages)
- Limited-Service Restaurants
- Breweries
- Child Day Care Services
Quick Summary
New York Business Development Corporation is an SBA-approved lender headquartered in Latham, New York. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 138 SBA 7(a) loans totaling $115.2M, with an average loan size of $835K. They primarily serve New York businesses.
About New York Business Development Corporation
New York Business Development Corporation is an SBA-approved lender headquartered in Latham, New York. Since 2020, they have approved 138 SBA 7(a) loans totaling $115.2M, with an average loan size of $835K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in New York.
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Frequently Asked Questions
Is New York Business Development Corporation an SBA Preferred Lender?
Yes, New York Business Development Corporation is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has New York Business Development Corporation approved?
According to SBA FOIA public records, New York Business Development Corporation has approved 138 SBA 7(a) loans totaling $115.2M since 2020. Their average loan size is $835K.
What states does New York Business Development Corporation serve?
New York Business Development Corporation primarily serves businesses in New York.
How do I apply for an SBA loan with New York Business Development Corporation?
To apply for an SBA 7(a) loan with New York Business Development Corporation, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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