What SBA's own loan files show about lending in the Kingston, NY Metro Area, every asset class together, and what a feasibility study for a project there has to test.
SBA approved 324 loans in Kingston from FY2017 to FY2026, $154.5 million in gross dollars. By loan count, Kingston stands 230 of 928 among all areas. Half the Kingston loans are $142,600 or smaller. Kingston sees its middle half between $30,000 and $427,425. The Kingston median sits at 0.69x nationally. Kingston splits into 286 loans under 7(a) and 38 under 504. Kingston shows a franchise share of 3.1%. Those 324 Kingston loans carry $154.5 million.
Kingston class leaders by loans: full-service restaurant (16), hotel and motel (10), and liquor store (10). Fourth in Kingston is beverage manufacturing, with 9 loans. Outside every class stand 236 Kingston loans, so each Kingston project is judged on its own facts. Kingston consists of Ulster County, NY, where SBA places 324 loans.
These Kingston tables show SBA's holders, not verdicts. Kingston lists, for 7(a), Manufacturers and Traders Trust Company (104 loans, $5.3 million), Northeast Bank (ME) (12 loans, $1.7 million), and Rhinebeck Bank (10 loans, $1.3 million). Kingston lists, for 504, Empire State Certified Development Corporation (38 loans, $35.2 million). For a Kingston borrower, the rows are context only. No Kingston row promises approval anywhere.
Of Kingston approvals from FY2017 to FY2024, 11.7% were cancelled, a floor. Treating undisbursed Kingston loans as cancelled gives 11.7%, the ceiling. Kingston charge-offs: 8.0% among 125 loans disbursed FY2017 to FY2021, a floor. Kingston withholds a five-year rate: Kingston loans are too few. Treat Kingston rates as floors. Later events lift them, Kingston included. County names place the Kingston loans. The July 2023 delineation defines Kingston. A county without a match leaves Kingston. Kingston totals hold untracked-class loans too.
The Kingston trend peaks in FY2025 with 53 loans ($25.4 million) and bottoms in FY2019 with 20 ($6.2 million). The first year, FY2017, shows 28 loans and $12.6 million for Kingston. FY2026 closes the Kingston series at 48 loans, $27.3 million. For a project near Ulster County, NY, the Kingston study opens with demand: payers, frequency, price. Kingston costs sit beside a $142,600 median. Kingston stands at 0.69x nationally. Kingston debt service gets a rate shock. The Kingston floors above explain the caution. Kingston value is tested against cost by appraisal. Kingston comparables decide how. Absorption near Ulster County, NY is tested for Kingston on a slow case. Beside Ulster County, NY findings, the Kingston study lists what it could not test.
| Loans approved, FY2017 to FY2026 | 324 |
|---|---|
| Gross dollars approved | $154.5 million |
| Median loan | $142,600 |
| Middle half of loans, from | $30,000 |
| Middle half of loans, to | $427,425 |
| SBA 7(a) loans | 286 |
| SBA 504 loans | 38 |
| Franchise share of loans | 3.1% |
| Rank among metro and micro areas by loans | 230 of 928 |
| Median loan against the national median | 0.69x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.7% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 11.7% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 8.0% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 125 |
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 Kingston, NY Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 28 | $12.6 million |
| FY2018 | 40 | $8.8 million |
| FY2019 | 20 | $6.2 million |
| FY2020 | 28 | $14.1 million |
| FY2021 | 25 | $17.2 million |
| FY2022 | 23 | $22.8 million |
| FY2023 | 24 | $12.0 million |
| FY2024 | 35 | $8.1 million |
| FY2025 | 53 | $25.4 million |
| FY2026 | 48 | $27.3 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 236 |
| Full-service restaurant | 16 |
| Hotel and motel | 10 |
| Liquor store | 10 |
| Beverage manufacturing (breweries, wineries, distilleries) | 9 |
| Limited-service restaurant | 8 |
| Gas station and truck stop | 7 |
| Automotive mechanical repair (car and truck) | 6 |
| Medical office (physicians) | 5 |
| Beauty salon | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| Empire State Certified Development Corporation | 38 | $35.2 million |
| Lender | Loans | Dollars |
|---|---|---|
| Manufacturers and Traders Trust Company | 104 | $5.3 million |
| Northeast Bank (ME) | 12 | $1.7 million |
| TD Bank, National Association | 10 | $1.9 million |
| Rhinebeck Bank | 10 | $1.3 million |
| Wells Fargo Bank National Association | 9 | $4.3 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 |
|---|---|
| Ulster County, NY | 324 |
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-28740.
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 Kingston, 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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