# First Bank of the Lake SBA loans in New York **Short answer:** SBA's loan file shows First Bank of the Lake made 61 SBA loans in New York since October 2023. 55.7% went to businesses more than two years old, against 28.2% of its loans nationally. The lender made 0.57% of New York's SBA loans, against 0.89% of loans nationwide. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/first-bank-of-the-lake/new-york/ Data as of: 2026-06-30 This site is not First Bank of the Lake sbaexpress.loans is not First Bank of the Lake, and First Bank of the Lake did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from First Bank of the Lake. These are the 61 SBA 7(a) loans [First Bank of the Lake](https://www.sbaexpress.loans/sba-express-lenders/first-bank-of-the-lake/) made in [New York](https://www.sbaexpress.loans/new-york-small-business-loans/) approved October 2023 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. ## How First Bank of the Lake differs in New York **What this means for you.** Most of these loans went to businesses with more than two years of history, so an operating record is what First Bank of the Lake usually saw. ### Established businesses 55.7% of the loans in New York went to businesses more than two years old, against 28.2% of its loans nationally. In business more than 2 years, share of loans, Oct 2023 to Jun 2026 - New York: 55.7% - All its U.S. loans: 28.2% ### Share of the state's loans First Bank of the Lake made 0.57% of the SBA loans approved in New York since October 2023, against 0.89% of loans nationwide. Its share here is 64% of its national share. Share of all SBA loans, Oct 2023 to Jun 2026 - New York: 0.57% - All its U.S. loans: 0.89% We compared 8 measures with the national figure for the same period, and these are the 2 that differ clearly. One more difference is in the table. ## New York next to the U.S. **New York compared with all of First Bank of the Lake's U.S. loans, October 2023 to June 2026** | Measure | New York | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 0.57% | 0.89% | Clearly lower | | Median loan | $314,600 | $314,000 | No clear gap | | Middle half of loans | $150,000 to $807,900 | $150,000 to $583,650 | – | | Startups (the loan opens the business) | 34.4% | 59.5% | Clearly lower | | In business 2 years or less | 8.2% | 7.8% | No clear gap | | In business more than 2 years | 55.7% | 28.2% | Clearly higher | | Change of ownership | Fewer than 5 | 4.5% | n/a | | SBA Express | Fewer than 5 | 4.4% | No clear gap | | Lines of credit | Fewer than 5 | 4.3% | No clear gap | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.75 points over Prime | 2.75 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## What First Bank of the Lake lends to in New York The 2 industries below account for 13 of the 61 loans approved October 2023 to June 2026, or 21.3%. An industry is listed when it has 5 or more of them, five at most. **Top industries in New York** | Industry | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/) | 8 | 13.1% | 6.2% | | [Snack and Nonalcoholic Beverage Bars](https://www.sbaexpress.loans/industries/snack-nonalcoholic-beverage-bars/) | 5 | 8.2% | 5.1% | Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries. ## First Bank of the Lake in other states Other states where these loans differ clearly from the national pattern, most loans first. **First Bank of the Lake by state** | State | Loans since October 2019 | | --- | --- | | [Florida](https://www.sbaexpress.loans/sba-express-lenders/first-bank-of-the-lake/florida/) | 241 | ## Other lenders in New York Other lenders in New York with a clear difference from the national pattern, most loans first. **Other lenders in New York** | Lender | Loans since October 2019 | | --- | --- | | [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/new-york/) | 3,908 | | [JPMorgan Chase Bank](https://www.sbaexpress.loans/sba-express-lenders/jpmorgan-chase-bank/new-york/) | 1,403 | | [KeyBank](https://www.sbaexpress.loans/sba-express-lenders/keybank/new-york/) | 816 | | [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/new-york/) | 738 | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/new-york/) | 471 | | [Celtic Bank](https://www.sbaexpress.loans/sba-express-lenders/celtic-bank/new-york/) | 284 | | [Webster Bank](https://www.sbaexpress.loans/sba-express-lenders/webster-bank/new-york/) | 247 | | [Bank of America](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/new-york/) | 170 | 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. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2023 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [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)