Notes: Information was provided by the U.S. Small Business Administration and the individual banks. The list includes lenders that approved 7(a) loans to businesses in Monroe, Genesee, Livingston, Orleans, Ontario and Wayne counties, regardless of whether the lenders had any offices in those counties.
1 The 7(a) loan guarantee program provides loans to small businesses (defined by a standard which varies by industry) that are unable to secure financing on reasonable terms through normal lending channels. Loans are made by private-sector lenders and guaranteed by the SBA. The SBA generally guarantees a maximum amount of $1.5 million, or a maximum of 85 percent of loans of $150,000 or less, and 75 percent of loans of more than $150,000. The U.S. Small Business Administration's last completed fiscal year ended on Sept. 30, 2019.
2 Subject to change; contact individual institutions for additional information.
3 Deposit figures are from the FDIC's deposit market share report and include Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties.
4 Per SBA as of June 30, 2019
NA - Not available

Researched by Alaine Keisling © 2019 Rochester Business Journal

If you would like your company to be considered for next year's list, or if there are any corrections or additions, please email RBJlists@datajoe.com or write to: Research, Rochester Business Journal, 16 W. Main St., Suite 341, Rochester, N.Y. 14614.