Albany Co. gets the most Small Business Association funding and Saratoga Co. sees job boom.
ALBANY, N.Y. (WNYT)- Capital Region small businesses saw their strongest U.S. Small Business Administration loan financing in four years.
The Center for Economic Growth reported that in 2025, banks financed 216 loans totaling $111 million. A Center for Economic Growth analysis of new data found it was the highest amount since 2021.
The loans were projected to support more than 1,900 jobs, marking a nine-year high. Albany County led the region with nearly $42 million in total Small Business Administration (SBA) loan financing.
Saratoga County topped the region for employment gains, with 507 jobs supported by the loan programs. More information is available on WNYT.com.