Feasibility Study Data for the New York-Newark-Jersey City, NY-NJ Metro Area

New York-Newark-Jersey City, NY-NJ: reading the area whole

New York-Newark-Jersey City, NY-NJ is a metropolitan area, and its 41,697 SBA approvals in FY2017 to FY2026 carried $18.19 billion in gross dollars. New York-Newark-Jersey City, NY-NJ is distinctive on loan size: its $150,000 median loan is 0.72x of the national median, a New York gap past our margin. New York ranks as one of the busiest, 1 of 928 by loan count. New York is read whole in New York-Newark-Jersey City, NY-NJ, every class counted. Both sides of the NJ and NY boundary count.

New York: half of loans run $50,000 to $400,000, around a median of $150,000. New York sits well below the national level: its 0.72x ratio to the national median means New York requests sized nationally may look large. In New York-Newark-Jersey City, NY-NJ the 7(a) count is 39,782 and the 504 count is 1,915, which puts 7(a) ahead in New York. 6.1% of New York loans went to franchised businesses, so a New York study names the brand, if any, for New York.

New York: classes, places and lenders

Tracked New York loan counts run highest in full-service restaurant with 2,275; limited-service restaurant with 1,170; fitness center with 773; beauty salon with 665. New York also holds 31,602 loans outside every tracked class; New York small business lending shows here. New York counts by county run 5,343 loans in Kings County, NY, 4,308 loans in New York County, NY, and 3,820 loans in Suffolk County, NY; a New York study should say which it covers. New York 7(a) record, longest first: TD Bank, National Association with 11,122 loans, $1.24 billion; Manufacturers and Traders Trust Company with 3,493 loans, $394.2 million; JPMorgan Chase Bank, National Association with 3,307 loans, $631.6 million. New York 504 leaders: Empire State Certified Development Corporation ($1.52 billion, 1,124 loans); Trenton Business Assistance Corporation ($972.1 million, 649 loans); Business Initiative Corporation of New York ($59.0 million, 53 loans), in that order. New York lender rows, TD Bank, National Association first with 11,122 loans, restate New York SBA records of loans, held or formerly held by TD Bank, National Association and its peers. Volume only: New York lender practices are not judged.

The New York series opens at 4,565 loans in FY2017 and closes at 4,081, lower than the start; its high is 6,005 loans ($2.49 billion) in FY2025, its low 2,361 in FY2020. New York cancellation after approval runs at 13.7% as a floor for New York approvals, FY2017 to FY2024, and 15.0% as a ceiling that counts New York loans still undisbursed as cancelled. The New York charge-off floor reaches 10.6% across a cohort of 15,540 loans disbursed between FY2017 and FY2021. For New York, the share charged off within five years is 5.7%. New York faces a geography limit: New York-Newark-Jersey City, NY-NJ uses the July 2023 definition; 41,697 loans are matched by county, and unplaceable New York loans are omitted, so New York counts and rates are floors.

New York: testing a project

A New York feasibility study begins with New York demand from the right counties: Kings County, NY leads the loan counts, though New York is wider. If a New York concept resembles full-service restaurant, New York offers size and lender precedent; other New York concepts must rest on their own New York evidence. The New York cost section uses local quotes; run New York debt service coverage for loans near $150,000 and near $400,000. New York-Newark-Jersey City, NY-NJ spans NJ and NY; New York tax, licence and incentive rules differ by side, and a New York appraisal must pick comparables on the right side of New York-Newark-Jersey City, NY-NJ. New York is metropolitan; a New York appraisal belongs in one submarket, not behind New York averages. Nothing printed for New York predicts approval; each New York lender still reviews a study.