NEW YORK · NAICS No dedicated NAICS; 812990 proxy segment
New York event venues operate inside one of the densest private-event economies in the country, anchored by Hudson Valley and Long Island wedding markets and a downstate corporate and social calendar. Studies build defensible booking pace, per-event revenue, food and beverage capture, and seasonality assumptions, with the lender package turning on documented demand depth and competitive saturation.
FEASIBILITY TRIGGER
Booking-pace and seasonality projections drive lender study requirements, particularly where the venue is purpose-built or conversion-based.
SBA 7(a) and 504 lenders funded 362 event venue projects across New York between FY2010 and FY2026, moving $86.5 million in approved capital at an average ticket of $239,000. That volume places New York at #4 of 38 states measured for event venue SBA activity, or 4.4% of national event venue dollars. The 7(a) program carried 93.1% of the loan count, with 504 taking the balance, and 95 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 362 |
| Approved volume | $86.5 million |
| Average loan size | $239,000 |
| 7(a) share | 93.1% |
| Approvals since FY2024 | 95 |
| State rank by loan count | #4 of 38 |
We do not publish a state-level adverse-resolution rate for this segment: no NAICS code isolates event venues, so we rely on the national event-services segment (NAICS 812990 proxy pool). Nationally, seasoned event venue loans (approvals FY2010–FY2021) show an adverse-resolution rate of 8.3%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
Event venues sit outside a clean NAICS code, so lenders lean harder on documented booking pace, seasonality, and average event spend inside the feasibility study. At a national proxy adverse-resolution rate of 8.3% against 7.3% across all industries, credit committees treat this class as a projection-driven decision, and a rigorous third-party study is the report that carries the credit conversation. New York's 362 loans at an average of $239,000 sit inside that same national frame.
Benchmark labeled as the national event-services segment (NAICS 812990 proxy pool).
Every New York event venues project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
New York projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The Hudson Valley and Long Island wedding economies anchor one of the country's densest private venue markets.
For a national view of this asset class, see our event venue SBA feasibility overview, and read our related analysis in the event venue lending research on our blog.
Compare neighboring markets: New Mexico, North Carolina, Texas.
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