Aurora - Newtek Serviced Loans
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Aurora - Newtek Serviced Loans · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $820K | $820K | 20.0% |
| 238350 | Finish Carpentry Contractors | 1 | $221K | $221K | 20.0% |
| 811111 | General Automotive Repair | 1 | $188K | $188K | 20.0% |
| 611110 | Elementary and Secondary Schools | 1 | $420K | $420K | 20.0% |
| 812111 | Barber Shops | 1 | $108K | $108K | 20.0% |
Geographic Distribution
SBA lending activity for Aurora - Newtek Serviced Loans by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 3 | $1.5M | 60.0% |
| Georgia (GA) | 1 | $188K | 20.0% |
| Texas (TX) | 1 | $108K | 20.0% |
Why Choose Aurora - Newtek Serviced Loans?
Based on SBA 7(a) lending track record from 2004-2006
- ✓Proven Track Record: 5 SBA loans approved, totaling $1.8M in financing
- ✓Industry Expertise: Specialized focus on Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Finish Carpentry Contractors, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 300 months
- ✓Loan Range: Loan sizes from $108K to $820K, with an average of $351K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in CA, TX, GA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Aurora - Newtek Serviced Loans SBA lending
What types of businesses does Aurora - Newtek Serviced Loans typically finance?
Aurora - Newtek Serviced Loans specializes in SBA 7(a) lending to specific industries including commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, finish carpentry contractors, general automotive repair, elementary and secondary schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Aurora - Newtek Serviced Loans's typical SBA loan terms?
Aurora - Newtek Serviced Loans's SBA 7(a) loans typically feature an average interest rate of — and average term length of 300 months (approximately 25 years). Loan sizes range from $108K to $820K, with an average loan size of $351K.
Do I need a business valuation for a Aurora - Newtek Serviced Loans SBA loan?
Yes, Aurora - Newtek Serviced Loans typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Aurora - Newtek Serviced Loans compare to other SBA lenders?
Aurora - Newtek Serviced Loans has originated 5 SBA loans totaling $1.8M since 2004. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Aurora - Newtek Serviced Loans lend in?
Aurora - Newtek Serviced Loans provides SBA 7(a) financing with particularly strong presence in CA, TX, GA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.