SBA Loans for Financial Transactions Processing in New York: Top Lenders
NAICS 522NAICS 522 covers financial transactions processing, reserve, and clearinghouse activiti businesses in New York. Based on historical SBA 7(a) lending data.
Total Approvals
4
in New York
Median Loan Size
$950,000
per approval
Recent Activity
0
last 90 days through Nov 2023
NAICS 522 covers financial transactions processing, reserve, and clearinghouse activiti businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $950,000.
Key trends & insights
- Financial Transactions Processing in New York lending is concentrated — Finwise Bank, Chemung Canal Trust Company, Manufacturers AND Traders Trust Company together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Finwise Bank leads this industry with 1 approvals (25% market share) and a median loan of $2,060,000.
- Financial Transactions Processing in New York loans run larger than the SBA average — a $950,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-11-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Financial Transactions Processing in New York
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $2,060,000 | |
| 2 | 1 | $100,000 | |
| 3 | 1 | $100,000 | |
| 4 | 1 | $1,800,000 |
Recent SBA 7(a) approvals for Financial Transactions Processing in New York
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Newtek Bank, National Association | Meg****LLC | Brooklyn, NY | $2,000,000 |
| 2025-07 | ESL FCU | A&C*****LLC | HILTON, NY | $25,000 |
| 2025-01 | Readycap Lending, LLC | Yis*****ein | BROOKLYN, NY | $400,000 |
| 2024-06 | Newtek Bank, National Association | RG *****nc. | KATONAH, NY | $800,000 |
| 2024-06 | ESL FCU | SOU*****NC. | ROCHESTER, NY | $200,000 |
| 2024-05 | FinWise Bank | Hi-*****Inc | Brooklyn, NY | $2,577,000 |
| 2024-04 | BayFirst National Bank | RUS*****LLC | HAUPPAUGE, NY | $150,000 |
| 2024-02 | BayFirst National Bank | Com*****Inc | SPRING VALLEY, NY | $150,000 |
| 2023-11 | Newtek Bank, National Association | RG *****NC. | KATONAH, NY | $1,800,000 |
| 2023-09 | Tandem Bank | FIS*****INC | EAST QUOGUE, NY | $150,000 |
| 2023-06 | FinWise Bank | 131*****LLC | BROOKLYN, NY | $2,060,000 |
| 2023-04 | Manufacturers and Traders Trust Company | DMN*****rp. | SMITHTOWN, NY | $75,000 |
| 2023-01 | Manufacturers and Traders Trust Company | LEC*****ORP | SUFFERN, NY | $100,000 |
| 2022-05 | Newtek Small Business Finance, Inc. | Bil*****LLC | BROOKLYN, NY | $2,500,000 |
| 2022-05 | Chemung Canal Trust Company | The*****Inc | CLIFTON PARK, NY | $100,000 |
| 2021-09 | Dime Community Bank | Con*****nc. | Jericho, NY | $1,410,000 |
| 2021-05 | The Adirondack Trust Company | Rot*****ses | CORINTH, NY | $40,000 |
| 2020-02 | FinWise Bank | Pin*****LLC | Fresh Meadows, NY | $1,200,000 |
| 2020-01 | The Adirondack Trust Company | New*****nc. | SARATOGA SPRINGS, NY | $20,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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