# Small business loans in Monroe, NY

**Short answer:** The most active SBA lenders in Monroe, NY since FY2024 are TD Bank (46 loans) and Readycap Lending, LLC (39). The median loan was $150,000, and half fell between $100,000 and $350,000. For free help, see the New York Small Business Development Centers. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/new-york-small-business-loans/monroe/
Data as of: 2026-06-30

## Lenders making SBA loans in Monroe

No lender made more than 22% of the loans in Monroe, and TD Bank made the most. The five largest lenders together made 64%.

**Lenders with five or more SBA loans in Monroe, NY, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/new-york/) | 46 | 22.2% |
| [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/new-york/): Non-bank lender | 39 | 18.8% |
| [BayFirst National Bank](https://www.sbaexpress.loans/sba-express-lenders/bayfirst-national-bank/) | 16 | 7.7% |
| [Webster Bank](https://www.sbaexpress.loans/sba-express-lenders/webster-bank/new-york/): Charter ended | 16 | 7.7% |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/) | 15 | 7.2% |

Share is the percent of all Monroe loans in that period. Each name links to that lender's page for New York where one exists.

## Local help near Monroe

Monroe borrowers can start with SBA's district offices for New York, an SBDC or SCORE.

SBA runs three district offices that cover New York. Each page points to state and federal resources and to lenders in its area. The New York Small Business Development Centers gives free counseling across New York.

- [SBA Buffalo District Office (14 western counties, with a Rochester branch): SBA district office](https://www.sba.gov/district/buffalo)
- [SBA Metro New York District Office (14 counties in New York City, Long Island and the Hudson Valley): SBA district office](https://www.sba.gov/district/metro-new-york)
- [SBA Syracuse District Office (34 counties across upstate New York): SBA district office](https://www.sba.gov/district/upstate-new-york)
- [New York Small Business Development Centers: Small Business Development Center](https://nysbdc.org/)
- [SCORE mentors in New York: Business mentoring](https://www.score.org/ny/)

Alongside SBA loans, New York runs two loan programs. The [New York page](https://www.sbaexpress.loans/new-york-small-business-loans/#loan-programs-in-new-york) describes each, and the official pages are linked here.

- [New York State Small Business Revolving Loan Fund Round 2](https://esd.ny.gov/nys-small-business-revolving-loan-fund-round-2)
- [Regional Revolving Loan Trust Fund Program](https://esd.ny.gov/regional-revolving-loan-trust-fund-program)

## Loan counts and sizes in Monroe

Monroe ranks 7th by loans since FY2024 among the 17 New York cities with 100 or more SBA loans since FY2020. Nationally it is the 76th busiest of the 580 cities that reach 100 loans.

The 207 loans, 1.9% of the 10,743 in New York, were approved for $49.4 million in all. The median loan was $150,000, close to the national median of $150,300. Half of the loans fell between $100,000 and $350,000. The New York median is $150,000.

**Monroe, NY compared with New York and the nation, loans from FY2024 to June 2026**

| Measure | Monroe | New York | U.S. |
| --- | --- | --- | --- |
| Loans | 207 | 10,743 | 162,355 |
| Median loan | $150,000 | $150,000 | $150,300 |
| 25th percentile | $100,000 | $50,000 | $50,000 |
| 75th percentile | $350,000 | $300,000 | $500,000 |
| Via SBA Express | 45.4% | 52.3% | 35.8% |
| Lines of credit | 42.5% | 42.7% | 28.1% |
| Startups | n/a | 9.3% | 16.1% |
| Ownership changes | 0.0% | 4.7% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.0 | 3.0 | 2.75 |
| Charged off | 20.6% | 7.2% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

99% of the loans were $500,000 or less, the size SBA Express covers. 45.4% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 42.5% of loans, above the national 28.1%.

SBA loans in Monroe, NY by size, FY2024 to June 2026

- $50,000 or less (13%): 27
- $50,001 to $150,000 (39%): 80
- $150,001 to $350,000 (30%): 63
- $350,001 to $500,000 (16%): 34
- $500,001 to $1,000,000: Fewer than 5
- $1,000,001 to $2,000,000 (0%): 0
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Monroe, NY by fiscal year

- FY2020: 23
- FY2021: 29
- FY2022: 45
- FY2023: 67
- FY2024: 82
- FY2025: 88
- FY2026 (through June 30): 37

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 7% from FY2024 (82 loans) to FY2025 (88), the two latest full years. The busiest full year in the file was FY2025, with 88 loans. FY2026 already shows 37 loans through June 30.

Of the 97 loans Monroe borrowers received in FY2020 to FY2022, 20.6% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 849 jobs supported across the 207 loans since FY2024, about 4.1 per loan. SBA does not audit these estimates.

## What businesses in Monroe borrow for

All Other Miscellaneous Retailers was the largest borrower group in Monroe, with 10 loans or 4.8% of the total.

The five largest industries made up 17% of all Monroe loans. All Other Miscellaneous Retailers stands out: its 10 loans are 4.8% of Monroe loans, against 0.5% nationally, 9.0 times its national share.

**Industries with the most SBA loans in Monroe, NY, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [All Other Miscellaneous Retailers](https://www.sbaexpress.loans/industries/all-other-miscellaneous-retailers/new-york/) | 10 | 4.8% | 0.5% |
| [All Other General Merchandise Retailers](https://www.sbaexpress.loans/industries/all-other-general-merchandise-retailers/new-york/) | 8 | 3.9% | 0.4% |
| [All Other Professional, Scientific, and Technical Services](https://www.sbaexpress.loans/industries/all-other-professional-scientific-technical-services/new-york/) | 6 | 2.9% | 0.8% |
| [Electronics and Appliance Retailers](https://www.sbaexpress.loans/industries/electronics-appliance-retailers/) | 6 | 2.9% | 0.2% |
| [New Single-Family Housing Construction (except For-Sale Builders)](https://www.sbaexpress.loans/industries/new-single-family-housing-construction/new-york/) | 6 | 2.9% | 0.7% |

Share is the percent of all Monroe loans in that period. Industry is the NAICS code on each loan. A name links to the New York page for that industry where one exists.

## A typical loan payment in Monroe

The median Monroe loan was $150,000 with a median term of 10 years.

The median variable-rate loan in Monroe was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $150,000 over 10 years, principal and interest would come to about $1,982 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Monroe loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $100,000 | $1,322 |
| Median loan | $150,000 | $1,982 |
| 75th percentile loan | $350,000 | $4,625 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Monroe loans approved since FY2024 had a median starting rate of 11.25% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $150,000 loan](https://www.sbaexpress.loans/loan-amounts/150000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Monroe

Monroe has 6 SBA 504 loans since FY2020, with $8.0 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

No Certified Development Company (CDC) is named on five or more 504 loans in Monroe, so the list below is New York's. Empire State Certified Development Corporation is named on the most there, 401 loans since FY2024.

**CDCs named on five or more 504 loans in New York, FY2024 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Empire State Certified Development Corporation | 401 |
| Trenton Business Assistance Corporation | 85 |
| Monroe County Industrial Development Corporation | 22 |
| Business Initiative Corporation of New York | 12 |
| Greater Syracuse Business Development Corporation | 8 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## New York cities near Monroe

Monroe made up 1.9% of New York's SBA loans since FY2024.

Monroe is one of 17 New York cities with 100 or more SBA loans since FY2020. The [New York page](https://www.sbaexpress.loans/new-york-small-business-loans/) covers all 10,743 loans in New York. The closest come first, ranked by county and ZIP code on their loans.

- [Monsey: 133 loans, median $155,000](https://www.sbaexpress.loans/new-york-small-business-loans/monsey/)
- [Spring Valley: 197 loans, median $150,000](https://www.sbaexpress.loans/new-york-small-business-loans/spring-valley/)
- [Long Island City: 74 loans, median $250,000](https://www.sbaexpress.loans/new-york-small-business-loans/long-island-city/)
- [Astoria: 85 loans, median $101,000](https://www.sbaexpress.loans/new-york-small-business-loans/astoria/)
- [Yonkers: 71 loans, median $127,700](https://www.sbaexpress.loans/new-york-small-business-loans/yonkers/)
- [Brooklyn: 1,498 loans, median $150,000](https://www.sbaexpress.loans/new-york-small-business-loans/brooklyn/)
- [White Plains: 58 loans, median $113,150](https://www.sbaexpress.loans/new-york-small-business-loans/white-plains/)
- [Flushing: 105 loans, median $150,000](https://www.sbaexpress.loans/new-york-small-business-loans/flushing/)

## Common questions about SBA loans in Monroe

### Which lenders make the most SBA loans in Monroe?

TD Bank leads with 46 loans in Monroe since FY2024. Readycap Lending, LLC (39) and BayFirst National Bank (16) follow. Only lenders with five or more Monroe loans are counted.

### Which industries get SBA loans in Monroe?

All Other Miscellaneous Retailers leads with 10 loans in Monroe since FY2024. All Other General Merchandise Retailers (8) and All Other Professional, Scientific, and Technical Services (6) follow.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Buffalo District Office (14 western counties, with a Rochester branch)](https://www.sba.gov/district/buffalo)
- [SBA Metro New York District Office (14 counties in New York City, Long Island and the Hudson Valley)](https://www.sba.gov/district/metro-new-york)
- [SBA Syracuse District Office (34 counties across upstate New York)](https://www.sba.gov/district/upstate-new-york)
- [New York Small Business Development Centers](https://nysbdc.org/)
- [SCORE, New York](https://www.score.org/ny/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)