What SBA's own loan files show about lending in the Binghamton, NY Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Project sites in Binghamton drew 286 SBA approvals for Binghamton projects from FY2017 through FY2026, and $100.3 million in gross dollars stands behind them. Binghamton holds rank 250 of 928 against every other statistical area, Binghamton among them. Loan size centers on $90,000, and the central half fall from $41,250 up to $250,000. The national comparison is plain: at 0.43x of the national median. Binghamton loans run smaller than the national median.
The program split in Binghamton is 267 under 7(a) and 19 under 504; in Binghamton, 7(a) holds the larger share. The franchise share of Binghamton loans is 8.4%. In 7(a), the biggest holder is Manufacturers and Traders Trust Company: 129 loans, $11.7 million in all; next is KeyBank National Association, 16 loans for $2.6 million. 16 loans sit with Tioga State Bank, National Association; NBT Bank, National Association has 10. No 504 holder in Binghamton reaches the five-loan threshold needed to be named. Read the Binghamton lender rows as SBA records of holdings. An entry for Manufacturers and Traders Trust Company reflects the holder field in SBA's Binghamton records; nothing here speaks to what any listed holder asks of an applicant.
Most of the Binghamton total sits outside the tracked asset classes: 194 loans under other industry codes. Class Binghamton figures here cover only part of the Binghamton area. Hotel and motel is the largest tracked class, at 13 loans, ahead of limited-service restaurant at 13 and full-service restaurant with 12. Smaller in the table come liquor store with 12 and fitness center at 8. The county table starts with Broome County, NY at 237 loans, followed by Tioga County, NY with 49. Demand differs between these counties, so the Binghamton figure hides some spread.
Looking at FY2017 to FY2024 approvals, Binghamton cancellations came to at least 13.9%. A ceiling would sit above 13.9%, but Loan Analytics withholds it and does not estimate it. Charge-offs to date are at least 4.3% for the FY2017 to FY2021 disbursed Binghamton cohort of 117 loans. The five-year rate does not appear, because the small-count rule of Loan Analytics withholds it. Seasoned loans can still default, making these floors with later Binghamton data able only to raise them. FY2025 was the high point: 36 loans worth $5.1 million. FY2020 was the weakest year before FY2026, at 20 loans and $17.9 million. Binghamton is built from project counties such as Broome County, NY, the July 2023 delineation settles which counties belong, and loans in counties that cannot be paired go uncounted in Binghamton.
In Binghamton, a report has to be written for the individual county, as no single Binghamton market sits behind the total. Hotel and motel is the lead class in Binghamton, so the study should test corporate and leisure demand mix, the brand and flag question and the pipeline of new rooms. For limited-service restaurant projects the issues are drive-through and counter throughput and queue length at the lunch rush. Debt service coverage in Binghamton needs a poor-year test; the valuation must rely on nearby sales, not distant averages. With smaller tickets the norm in Binghamton, a larger request will draw questions the Binghamton study should answer first.
| Loans approved, FY2017 to FY2026 | 286 |
|---|---|
| Gross dollars approved | $100.3 million |
| Median loan | $90,000 |
| Middle half of loans, from | $41,250 |
| Middle half of loans, to | $250,000 |
| SBA 7(a) loans | 267 |
| SBA 504 loans | 19 |
| Franchise share of loans | 8.4% |
| Rank among metro and micro areas by loans | 250 of 928 |
| Median loan against the national median | 0.43x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 13.9% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 4.3% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 117 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Binghamton, NY Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 30 | $7.9 million |
| FY2018 | 34 | $4.5 million |
| FY2019 | 28 | $11.8 million |
| FY2020 | 20 | $17.9 million |
| FY2021 | 25 | $10.0 million |
| FY2022 | 28 | $9.6 million |
| FY2023 | 25 | $10.5 million |
| FY2024 | 26 | $10.5 million |
| FY2025 | 36 | $5.1 million |
| FY2026 | 34 | $12.5 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 194 |
| Hotel and motel | 13 |
| Limited-service restaurant | 13 |
| Full-service restaurant | 12 |
| Liquor store | 12 |
| Fitness center | 8 |
| Dental office | 5 |
| Automotive mechanical repair (car and truck) | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| Manufacturers and Traders Trust Company | 129 | $11.7 million |
| KeyBank National Association | 16 | $2.6 million |
| Tioga State Bank, National Association | 16 | $1.3 million |
| NBT Bank, National Association | 10 | $2.9 million |
| Citizens Bank, National Association | 10 | $2.2 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
| County | Loans |
|---|---|
| Broome County, NY | 237 |
| Tioga County, NY | 49 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-13780.
A worked example of the feasibility study a lender would read for a short-term rental project in New York, financed with a conventional bank loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Binghamton, NY Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
Start with the data.
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