NEW YORK · NAICS 713930
New York marina and boat storage projects run across the Thousand Islands, Finger Lakes, Lake Champlain, and Long Island shorelines, one of the largest inland and coastal boating economies in the country. Studies translate slip mix, dry storage, fuel and service revenue, and seasonal demand into defensible projections, and resolve environmental and shoreline regulatory exposure.
FEASIBILITY TRIGGER
Marinas are special-purpose under SOP 50 10 8, so a third-party feasibility study is normally required with an industry-experienced going-concern appraiser, and elevated equity applies.
From FY2010 through FY2026, New York recorded 32 SBA-disbursed marina and boat storage loans across the 7(a) and 504 programs, representing $17.9 million in approved financing at an average loan size of $560,000. The state sits at rank #3 of 38 for marina and boat storage SBA lending volume and holds 4.4% of the national marina and boat storage dollar pool. 7(a) accounts for 78.1% of the count, 504 for the rest, with 6 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 32 |
| Approved volume | $17.9 million |
| Average loan size | $560,000 |
| 7(a) share | 78.1% |
| Approvals since FY2024 | 6 |
| State rank by loan count | #3 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned marina and boat storage loans (approvals FY2010–FY2021) show an adverse-resolution rate of 3.0%, 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.
An adverse-resolution rate of 3.0%, close to the national marina and boat storage benchmark of 3.0%, puts New York deals in this class on ordinary SBA credit footing. Across 32 loans averaging $560,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every New York marinas and boat storage 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 Thousand Islands, Finger Lakes, Lake Champlain, and Long Island shorelines anchor one of the largest inland and coastal boating economies in the country.
For a national view of this asset class, see our marina and boat storage SBA feasibility overview, and read our related analysis in the marina and boat storage lending research on our blog.
Compare neighboring markets: New Mexico, North Carolina, Texas.
Public SBA and CDC program records, cited as program evidence
SBA 504 refinance with cash-out through TMC Financing and First Bank
Marina property refinance, national program evidence
Alameda, Alameda County, California
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