What SBA's own loan files show about lending in the Elmira, NY Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Elmira, NY holds rank 407 of 928 by loans, with 130 approvals for FY2017 to FY2026, $30.6 million gross. Ticket size in Elmira leans low, with $125,500 at the median, 0.60x the national median. The middle half of Elmira approvals runs from $50,000 up to $250,000. In Elmira, a request far outside $50,000 to $250,000 will draw questions. The Elmira study should answer them early in Elmira.
In Elmira, SBA 7(a) accounts for 124 loans, against 6 under SBA 504. 4.6% of the Elmira loans went to franchised businesses. Elmira named classes stand limited-service restaurant with 6 and fitness center with 5. The Elmira total of 130 also contains 99 loans that no named class captures. In Elmira, only Chemung County, NY appears, holding 130 loans in Elmira.
In Elmira, holder lists use what SBA reports on loans a lender owns or owned in Elmira, per the note, so they measure books, not rules. Elmira holders should be read that way. Elmira SBA 7(a) holders at the top: Five Star Bank (NY) with 26 loans worth $2.4 million; Manufacturers and Traders Trust Company with 22 loans worth $3.4 million; Chemung Canal Trust Company with 19 loans worth $2.2 million. No holder in Elmira, NY reaches the 504 table threshold. The Elmira 504 side carries no lender names. In Elmira, concentration among top holders says little. An Elmira study should stand on evidence alone in Elmira.
Among FY2017 to FY2024 approvals, Elmira cancellation after approval is 21.6%, a floor. The Elmira ceiling, counting undisbursed approvals as cancelled remains hidden, nothing guessed for Elmira. For Elmira, the charged-off rate among the cohort funded in FY2017 to FY2021 is held back in Elmira, the cohort is small; do not read that as zero in Elmira. FY2026, at 17 loans, tops the printed yearly counts for Elmira. Elmira membership follows project county, found by name lookup per the July 2023 delineation, consequently every loan lacking a usable county goes uncounted in any area. The 130 loans in Elmira, NY include those in no named class in Elmira.
Start with demand in Elmira. Map who lives and works near the proposed site, not a metropolitan area, with a cautious ramp shown in Elmira. Cost needs care in Elmira. Loans near $125,500 are common, so every line item wants a source, plus working capital and reserves in Elmira. Finally, Elmira debt service coverage. Compute the ratio at the planned loan next to a in Elmira case with softer income, since approval is no guarantee in Elmira. The value view meets an Elmira appraisal, so the cost-to-value story has to be defensible in Elmira. Inside Elmira, NY, submarkets differ widely. Its 130 loans average across them all, so an Elmira study must name the Elmira submarket it means. At 0.60x of the national median, a very large Elmira project may look unusual in Elmira. The study should explain its scale for Elmira against $125,500.
| Loans approved, FY2017 to FY2026 | 130 |
|---|---|
| Gross dollars approved | $30.6 million |
| Median loan | $125,500 |
| Middle half of loans, from | $50,000 |
| Middle half of loans, to | $250,000 |
| SBA 7(a) loans | 124 |
| SBA 504 loans | 6 |
| Franchise share of loans | 4.6% |
| Rank among metro and micro areas by loans | 407 of 928 |
| Median loan against the national median | 0.60x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 21.6% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
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 Elmira, NY Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 11 | $1.1 million |
| FY2018 | 16 | $5.7 million |
| FY2019 | 8 | $3.0 million |
| FY2020 | 10 | $3.8 million |
| FY2021 | 14 | $2.7 million |
| FY2022 | 16 | $5.8 million |
| FY2023 | 11 | $1.0 million |
| FY2024 | 16 | $1.7 million |
| FY2025 | 11 | $3.0 million |
| FY2026 | 17 | $2.8 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 99 |
| Limited-service restaurant | 6 |
| Fitness center | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| Five Star Bank (NY) | 26 | $2.4 million |
| Manufacturers and Traders Trust Company | 22 | $3.4 million |
| Chemung Canal Trust Company | 19 | $2.2 million |
| First Heritage Federal Credit Union | 13 | $2.6 million |
| Community Bank, National Association | 9 | $711,100 |
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 |
|---|---|
| Chemung County, NY | 130 |
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-21300.
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 Elmira, 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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