Small business loans in Syracuse, NY
Short answer
The most active SBA lenders in Syracuse, NY since FY2024 are M&T Bank (38 loans) and Pathfinder Bank (7). The median loan was $114,400, and half fell between $33,750 and $256,950. For free help, see the New York Small Business Development Centers. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 92
- approved since FY2024
- $34.32M
- median loan
- $114,400
- through SBA Express
- 54.3%
Lenders making SBA loans in Syracuse
M&T Bank made the most loans in Syracuse, 41% of the total.
| Lender | Loans | Share |
|---|---|---|
| M&T Bank | 38 | 41.3% |
| Pathfinder Bank | 7 | 7.6% |
Share is the percent of all Syracuse loans in that period. Each name links to that lender's page for New York where one exists.
Syracuse has two lenders with five or more loans since FY2024. Others had fewer, and the New York page counts 204 lenders with at least one approved loan statewide.
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Local help near Syracuse
Syracuse borrowers can start with SBA's district offices for New York, an SBDC or SCORE.
35% of Syracuse borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
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. The SBA Syracuse District Office (34 counties across upstate New York) comes first below because its name matches Syracuse.
- SBA Syracuse District Office (34 counties across upstate New York)SBA district office
- SBA Buffalo District Office (14 western counties, with a Rochester branch)SBA district office
- SBA Metro New York District Office (14 counties in New York City, Long Island and the Hudson Valley)SBA district office
- New York Small Business Development CentersSmall Business Development Center
- SCORE mentors in New YorkBusiness mentoring
Alongside SBA loans, New York runs two loan programs. The New York page describes each, and the official pages are linked here.
Loan counts and sizes in Syracuse
Syracuse ranks 11th by loans since FY2024 among the 17 New York cities with 100 or more SBA loans since FY2020. Nationally it is the 241st busiest of the 580 cities that reach 100 loans.
The 92 loans, 0.9% of the 10,743 in New York, were approved for $34.3 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $114,400, 24% below the national median of $150,300. Half of the loans fell between $33,750 and $256,950. The Syracuse median is 24% below the New York median of $150,000.
| Measure | Syracuse | New York | U.S. |
|---|---|---|---|
| Loans | 92 | 10,743 | 162,355 |
| Median loan | $114,400 | $150,000 | $150,300 |
| 25th percentile | $33,750 | $50,000 | $50,000 |
| 75th percentile | $256,950 | $300,000 | $500,000 |
| Via SBA Express | 54.3% | 52.3% | 35.8% |
| Lines of credit | 37.0% | 42.7% | 28.1% |
| Startups | 8.7% | 9.3% | 16.1% |
| Ownership changes | 6.5% | 4.7% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 3.0 | 2.75 |
| Charged off | Fewer than 5 | 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.
86% of the loans were $500,000 or less, the size SBA Express covers. 54.3% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 37.0% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 58.7% of loans went to businesses more than two years old and 26.1% to businesses two years old or younger. Startups received 8.7% and changes of ownership 6.5%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 30% from FY2024 (33 loans) to FY2025 (43), the two latest full years. The busiest full year in the file was FY2025, with 43 loans. FY2026 already shows 16 loans through June 30.
Of the 53 loans Syracuse borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 859 jobs supported across the 92 loans since FY2024, about 9.3 per loan. SBA does not audit these estimates.
What businesses in Syracuse borrow for
Full-Service Restaurants was the largest borrower group in Syracuse, with 6 loans or 6.5% of the total.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 6 | 6.5% | 4.6% |
Share is the percent of all Syracuse 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 Syracuse
The median Syracuse loan was $114,400 with a median term of 10 years.
The median variable-rate loan in Syracuse was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $114,400 over 10 years, principal and interest would come to about $1,496 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $33,750 | $441 |
| Median loan | $114,400 | $1,496 |
| 75th percentile loan | $256,950 | $3,360 |
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 $114,400 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Syracuse loans approved since FY2024 had a median starting rate of 10.5% 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 $125,000 loan and SBA Express payment calculator.
SBA 504 loans near Syracuse
Syracuse has 5 SBA 504 loans since FY2024, with $4.5 million in SBA and CDC dollars.
The median 504 loan in Syracuse was $546,000 in SBA and CDC dollars, 11% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Empire State Certified Development Corporation is the Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2020, with 11. Greater Syracuse Business Development Corporation follows with 5. The two CDCs listed are named on 16 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Empire State Certified Development Corporation | 11 |
| Greater Syracuse Business Development Corporation | 5 |
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 capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
New York cities near Syracuse
Syracuse made up 0.9% of New York's SBA loans since FY2024.
Syracuse is one of 17 New York cities with 100 or more SBA loans since FY2020. The New York page covers all 10,743 loans in New York. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Syracuse
Which lenders make the most SBA loans in Syracuse?
M&T Bank leads with 38 loans in Syracuse since FY2024. Pathfinder Bank (7) follows. Only lenders with five or more Syracuse loans are counted.
Which industries get SBA loans in Syracuse?
Full-Service Restaurants leads with 6 loans in Syracuse since FY2024.
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.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Buffalo District Office (14 western counties, with a Rochester branch)
- SBA Metro New York District Office (14 counties in New York City, Long Island and the Hudson Valley)
- SBA Syracuse District Office (34 counties across upstate New York)
- New York Small Business Development Centers
- SCORE, New York
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Syracuse, NY. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/new-york-small-business-loans/syracuse/
Ask lending partners about a loan in Syracuse
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.