SBA Loans for Financial Transactions Processing in New York: Top Lenders
NAICS 522NAICS 522 covers financial transactions processing, reserve, and clearinghouse activiti businesses in New York. Based on historical SBA 7(a) lending data.
Total Approvals
4
in New York
Median Loan Size
$950,000
per approval
Recent Activity
0
last 90 days through Nov 2023
NAICS 522 covers financial transactions processing, reserve, and clearinghouse activiti businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $950,000.
Key trends & insights
- Financial Transactions Processing in New York lending is concentrated — Finwise Bank, Chemung Canal Trust Company, Manufacturers AND Traders Trust Company together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Finwise Bank leads this industry with 1 approvals (25% market share) and a median loan of $2,060,000.
- Financial Transactions Processing in New York loans run larger than the SBA average — a $950,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-11-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Financial Transactions Processing in New York
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $2,060,000 | |
| 2 | 1 | $100,000 | |
| 3 | 1 | $100,000 | |
| 4 | 1 | $1,800,000 |
Recent SBA 7(a) approvals for Financial Transactions Processing in New York
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-02 | BayFirst National Bank | Com*****Inc | SPRING VALLEY, NY | $150,000 |
| 2023-11 | Newtek Bank, National Association | RG *****NC. | KATONAH, NY | $1,800,000 |
| 2023-06 | FinWise Bank | 131*****LLC | BROOKLYN, NY | $2,060,000 |
| 2023-01 | Manufacturers and Traders Trust Company | LEC*****ORP | SUFFERN, NY | $100,000 |
| 2022-05 | Chemung Canal Trust Company | The*****Inc | CLIFTON PARK, NY | $100,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet