SBA lending data · fiscal year 2025

17 lenders funded electrical contractors and other wiring installation contractors in New York last year

56 SBA 7(a) loans approved under NAICS 238210. Median approval $105,900, median term 120 months, median initial rate 11%.

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What was actually approved

56
loans approved
17
distinct lenders
$47k
25th percentile
$289k
75th percentile

Half of all approvals in this industry and state fell between $46,500 and $288,750. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.

The most active lenders

Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.

  1. 1TD Bank, National Association13 loans · $1.2M
  2. 2Manufacturers and Traders Trust Company9 loans · $1.1M
  3. 3Northeast Bank5 loans · $1.1M
  4. 4JPMorgan Chase Bank, National Association4 loans · $1.4M
  5. 5Citibank, N.A.3 loans · $0.2M
  6. 6Readycap Lending, LLC3 loans · $2M
  7. 7NBT Bank, National Association3 loans · $0.5M
  8. 8Webster Bank National Association3 loans · $0.8M
  9. 9Five Star Bank2 loans · $0.2M
  10. 10BayFirst National Bank2 loans · $0.3M
  11. 11Lendistry SBLC, LLC2 loans · $0.3M
  12. 12Tompkins Community Bank2 loans · $0.6M

This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.

Is this industry getting easier or harder to finance?

Fiscal yearLoansLendersMedian approval
FY20234313$100,000
FY20245919$145,000
FY20255617$105,900

Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.

Where this comes from

The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.

This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.

Other industries in New York

Electrical Contractors and Other Wiring Installation Contractors in other states

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