Newtek Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Newtek Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 4,288 | $1.99B | $463K | 5.1% |
| 811111 | General Automotive Repair | 2,432 | $921.8M | $379K | 2.9% |
| 541611 | Administrative Management and General Management Consulting Services | 2,392 | $795.2M | $332K | 2.8% |
| 722513 | Limited-Service Restaurants | 2,080 | $887.2M | $427K | 2.5% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1,968 | $1.19B | $602K | 2.3% |
| 713940 | Fitness and Recreational Sports Centers | 1,824 | $511.5M | $280K | 2.2% |
| 541511 | Custom Computer Programming Services | 1,632 | $796.5M | $488K | 1.9% |
| 812112 | Beauty Salons | 1,360 | $341.9M | $251K | 1.6% |
| 812199 | Other Personal Care Services | 1,296 | $370.4M | $286K | 1.5% |
| 561730 | Landscaping Services | 1,184 | $451.8M | $382K | 1.4% |
Geographic Distribution
SBA lending activity for Newtek Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 12,648 | $6.04B | 14.9% |
| Florida (FL) | 11,616 | $5.10B | 13.7% |
| Texas (TX) | 8,184 | $3.71B | 9.7% |
| New York (NY) | 5,496 | $2.99B | 6.5% |
| Georgia (GA) | 3,952 | $1.71B | 4.7% |
| New Jersey (NJ) | 2,840 | $1.34B | 3.4% |
| Colorado (CO) | 2,456 | $1.12B | 2.9% |
| Illinois (IL) | 2,496 | $1.11B | 2.9% |
| Pennsylvania (PA) | 2,280 | $1.09B | 2.7% |
| North Carolina (NC) | 2,088 | $983.1M | 2.5% |
| Michigan (MI) | 1,896 | $905.0M | 2.2% |
| Virginia (VA) | 2,192 | $874.8M | 2.6% |
| Arizona (AZ) | 2,008 | $819.9M | 2.4% |
| Massachusetts (MA) | 1,432 | $728.8M | 1.7% |
| Ohio (OH) | 1,560 | $722.7M | 1.8% |
| Tennessee (TN) | 1,736 | $707.4M | 2.0% |
| Maryland (MD) | 1,488 | $653.2M | 1.8% |
| Washington (WA) | 1,480 | $651.1M | 1.7% |
| Nevada (NV) | 1,256 | $650.5M | 1.5% |
| Connecticut (CT) | 1,232 | $621.3M | 1.5% |
| Louisiana (LA) | 1,440 | $542.9M | 1.7% |
| South Carolina (SC) | 1,048 | $475.1M | 1.2% |
| Alabama (AL) | 1,192 | $456.9M | 1.4% |
| Oregon (OR) | 976 | $433.7M | 1.2% |
| Missouri (MO) | 792 | $383.1M | 0.9% |
| Indiana (IN) | 776 | $375.6M | 0.9% |
| Utah (UT) | 792 | $373.8M | 0.9% |
| Minnesota (MN) | 704 | $336.5M | 0.8% |
| Oklahoma (OK) | 464 | $305.7M | 0.5% |
| Wisconsin (WI) | 776 | $281.5M | 0.9% |
| Idaho (ID) | 360 | $213.2M | 0.4% |
| Kansas (KS) | 376 | $203.9M | 0.4% |
| Hawaii (HI) | 344 | $196.5M | 0.4% |
| District of Columbia (DC) | 344 | $192.9M | 0.4% |
| Kentucky (KY) | 576 | $182.3M | 0.7% |
| Alaska (AK) | 216 | $170.0M | 0.3% |
| Montana (MT) | 240 | $155.1M | 0.3% |
| Mississippi (MS) | 472 | $148.0M | 0.6% |
| Delaware (DE) | 232 | $146.3M | 0.3% |
| New Mexico (NM) | 312 | $123.8M | 0.4% |
| Iowa (IA) | 288 | $117.1M | 0.3% |
| New Hampshire (NH) | 264 | $111.5M | 0.3% |
| Arkansas (AR) | 384 | $104.8M | 0.5% |
| Wyoming (WY) | 280 | $95.8M | 0.3% |
| Rhode Island (RI) | 160 | $83.6M | 0.2% |
| Nebraska (NE) | 136 | $79.4M | 0.2% |
| Vermont (VT) | 56 | $63.0M | 0.1% |
| Maine (ME) | 168 | $47.5M | 0.2% |
| West Virginia (WV) | 136 | $46.1M | 0.2% |
| North Dakota (ND) | 48 | $15.5M | 0.1% |
| South Dakota (SD) | 64 | $12.4M | 0.1% |
Why Choose Newtek Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 84,752 SBA loans approved, totaling $39.01B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, General Automotive Repair, Administrative Management and General Management Consulting Services
- ✓Competitive Terms: Average interest rate of 11.47% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $4K to $5.0M, with an average of $460K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in CA, FL, TX
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 Newtek Bank, National Association SBA lending
What types of businesses does Newtek Bank, National Association typically finance?
Newtek Bank, National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, general automotive repair, administrative management and general management consulting services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Newtek Bank, National Association's typical SBA loan terms?
Newtek Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 11.47% and average term length of 126 months (approximately 11 years). Loan sizes range from $4K to $5.0M, with an average loan size of $460K.
Do I need a business valuation for a Newtek Bank, National Association SBA loan?
Yes, Newtek Bank, National Association 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 Newtek Bank, National Association compare to other SBA lenders?
Newtek Bank, National Association has originated 84,752 SBA loans totaling $39.01B since 2020. 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 Newtek Bank, National Association lend in?
Newtek Bank, National Association provides SBA 7(a) financing with particularly strong presence in CA, FL, TX, NY, 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.
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Professional valuations are often required for SBA loans over $250,000.
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