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Buying a Business in New York

The Numbers

FY2025 Acquisition Loans

233

$266M approved

Median Loan

$597k

FY2020 through FY2025

Loans Since FY2020

1,092

$1.12B in total approvals

Share of U.S. Activity

3.1%

Of change-of-ownership loans

What the Data Says

New York ranks 14th of 53 states and territories for change-of-ownership SBA 7(a) lending: 1,092 loans since FY2020, 3% of the national total.

The typical deal runs small: its $597k median loan sits below the $650k midpoint across states, within reach on less equity.

Activity is accelerating: FY2025's 233 loans ran ahead of the state's own ~182 a year pace since FY2020.

The most-financed target is beer, wine, and liquor retailers (91 loans), and the 5 most active lenders wrote about 36% of the state's acquisitions, a broad lender field.

Most Active Acquisition Lenders in New York

  1. 1. Manufacturers and Traders Trust Company166 loans
  2. 2. Live Oak Banking Company122 loans
  3. 3. New York Business Development Corporation46 loans
  4. 4. Five Star Bank32 loans
  5. 5. NBT Bank, National Association32 loans

A lender being active in New York does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lenders.

Within two hours of New York City? The Metro Target Scans rank this region's strongest industries.

What Gets Bought in New York

  • Beer, Wine, and Liquor Retailers91 loans
  • Limited-Service Restaurants47 loans
  • Full-Service Restaurants38 loans
  • Insurance Agencies and Brokerages29 loans

Industry-specific pricing and diligence live in the Guides. Where the buyable targets sit in New York, by county, is in the New York buying guide.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a New York project address. Approvals, not closings; excludes conventional and 504 financing.