What SBA's own loan files show about lending in the Kiryas Joel-Poughkeepsie-Newburgh, NY Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Kiryas Joel-Poughkeepsie-Newburgh holds 1,799 loans and $768.1 million across FY2017 to FY2026, ranking 59 of 928 by loan count. Loans are small: the median is $150,000, 0.72x the country's, and the central half runs only from $50,000 to $350,000. Franchise brands appear in just 3.8% of loans, so the book is dominated by independent operators. Programme mix is 1,669 under 7(a) and 130 under 504. Charge-offs stand at 7.9% to date, with 4.0% within five years of approval, a heavy burden for loans of this size.
Orange County, NY holds 1,289 loans and Dutchess County, NY holds 510. Fully 1,428 loans fall in no tracked class. In the named list, full-service restaurant is largest at 73 loans, fitness center follows at 38, limited-service restaurant at 32, and automotive mechanical repair and beauty salon each at 23. Grocery store has 20 and beverage manufacturing 16, while warehouse and distribution, caterers and data center each show 6. This is a book of everyday operating businesses.
SBA's files name the present holder of each loan; they do not describe how any institution lends. Manufacturers and Traders Trust Company holds 372 7(a) loans worth $34.8 million, an average ticket well under the metro median. TD Bank, National Association holds 307 worth $45.0 million, FinWise Bank 87 worth $87.7 million, Readycap Lending, LLC 76 worth $30.3 million, and JPMorgan Chase Bank, National Association 72. FinWise Bank's dollars per loan stand out for being far higher than the others. The 504 list is short: Empire State Certified Development Corporation holds 108 loans and $109.1 million.
Cancellation after approval hit at least 11.2% of approvals through FY2024, or 12.2% counting undisbursed loans. Only 622 loans funded out of the earlier approval years, which leaves the charge-off rates on a thin base, and still floors. Volume dropped to 105 loans in FY2020 and rose to 294 loans and $133.5 million in FY2025, the strongest year recorded.
A study here must show that local, non-franchise demand supports the use, because brand support is scarce in this record, and that debt service coverage works at the small loan scale together with a charge-off floor this high. A supportable appraisal matters, as does the lender's reading of a thin 504 field if real estate is involved. Counties follow the 2023 delineation; an unplaced loan is omitted. Written for lenders and borrowers alike, the page signals nothing about approval.
| Loans approved, FY2017 to FY2026 | 1,799 |
|---|---|
| Gross dollars approved | $768.1 million |
| Median loan | $150,000 |
| Middle half of loans, from | $50,000 |
| Middle half of loans, to | $350,000 |
| SBA 7(a) loans | 1,669 |
| SBA 504 loans | 130 |
| Franchise share of loans | 3.8% |
| Rank among metro and micro areas by loans | 59 of 928 |
| Median loan against the national median | 0.72x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.2% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 12.2% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 7.9% |
| Charged off within five years of approval | 4.0% |
| Loans in that cohort | 622 |
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 Kiryas Joel-Poughkeepsie-Newburgh, NY Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 143 | $57.1 million |
| FY2018 | 177 | $63.4 million |
| FY2019 | 151 | $60.3 million |
| FY2020 | 105 | $44.6 million |
| FY2021 | 129 | $70.4 million |
| FY2022 | 154 | $80.4 million |
| FY2023 | 205 | $78.0 million |
| FY2024 | 245 | $82.8 million |
| FY2025 | 294 | $133.5 million |
| FY2026 | 196 | $97.6 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 1,428 |
| Full-service restaurant | 73 |
| Fitness center | 38 |
| Limited-service restaurant | 32 |
| Automotive mechanical repair (car and truck) | 23 |
| Beauty salon | 23 |
| Grocery store | 20 |
| Coffee shop and snack bar | 19 |
| Liquor store | 18 |
| Beverage manufacturing (breweries, wineries, distilleries) | 16 |
| Child care center | 15 |
| Hotel and motel | 11 |
| Dental office | 11 |
| Rehabilitation and therapy clinic | 10 |
| Gas station and truck stop | 9 |
| Car wash | 8 |
| Medical office (physicians) | 7 |
| Warehouse and distribution | 6 |
| Caterers (includes banquet halls with catering staff) | 6 |
| Data center | 6 |
| Veterinary clinic | 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 | 108 | $109.1 million |
| Lender | Loans | Dollars |
|---|---|---|
| Manufacturers and Traders Trust Company | 372 | $34.8 million |
| TD Bank, National Association | 307 | $45.0 million |
| FinWise Bank | 87 | $87.7 million |
| Readycap Lending, LLC | 76 | $30.3 million |
| JPMorgan Chase Bank, National Association | 72 | $12.4 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 |
|---|---|
| Orange County, NY | 1,289 |
| Dutchess County, NY | 510 |
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-28880.
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 Kiryas Joel-Poughkeepsie-Newburgh, 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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