Newtek Small Business Finance, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Newtek Small Business Finance, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 456 | $324.1M | $711K | 4.2% |
| 722513 | Limited-Service Restaurants | 255 | $109.9M | $431K | 2.4% |
| 713940 | Fitness and Recreational Sports Centers | 213 | $102.9M | $483K | 2.0% |
| 624410 | Child Care Services | 194 | $107.0M | $552K | 1.8% |
| 811111 | General Automotive Repair | 183 | $83.5M | $456K | 1.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 150 | $168.4M | $1.1M | 1.4% |
| 812112 | Beauty Salons | 148 | $45.9M | $310K | 1.4% |
| 238990 | All Other Specialty Trade Contractors | 137 | $92.0M | $672K | 1.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 123 | $103.7M | $843K | 1.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 119 | $42.7M | $359K | 1.1% |
Geographic Distribution
SBA lending activity for Newtek Small Business Finance, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 1,358 | $843.7M | 12.6% |
| California (CA) | 1,072 | $728.7M | 10.0% |
| New York (NY) | 1,189 | $719.6M | 11.0% |
| Texas (TX) | 774 | $532.8M | 7.2% |
| New Jersey (NJ) | 642 | $372.5M | 6.0% |
| Pennsylvania (PA) | 410 | $270.8M | 3.8% |
| Connecticut (CT) | 349 | $253.5M | 3.2% |
| Georgia (GA) | 381 | $248.5M | 3.5% |
| Illinois (IL) | 304 | $224.6M | 2.8% |
| Virginia (VA) | 328 | $194.6M | 3.0% |
| North Carolina (NC) | 300 | $186.9M | 2.8% |
| Michigan (MI) | 262 | $173.2M | 2.4% |
| Ohio (OH) | 236 | $161.8M | 2.2% |
| Louisiana (LA) | 170 | $131.2M | 1.6% |
| Colorado (CO) | 263 | $130.8M | 2.4% |
| Arizona (AZ) | 230 | $121.5M | 2.1% |
| Massachusetts (MA) | 194 | $104.1M | 1.8% |
| Maryland (MD) | 192 | $93.1M | 1.8% |
| Tennessee (TN) | 138 | $84.8M | 1.3% |
| Washington (WA) | 147 | $84.6M | 1.4% |
| Alabama (AL) | 131 | $80.3M | 1.2% |
| Nevada (NV) | 141 | $79.9M | 1.3% |
| Alaska (AK) | 61 | $78.2M | 0.6% |
| Indiana (IN) | 121 | $73.3M | 1.1% |
| Rhode Island (RI) | 89 | $68.8M | 0.8% |
| South Carolina (SC) | 138 | $66.4M | 1.3% |
| Missouri (MO) | 103 | $64.5M | 1.0% |
| Oregon (OR) | 117 | $55.1M | 1.1% |
| Wisconsin (WI) | 85 | $54.2M | 0.8% |
| Oklahoma (OK) | 86 | $50.2M | 0.8% |
| Utah (UT) | 58 | $47.5M | 0.5% |
| Kentucky (KY) | 56 | $44.8M | 0.5% |
| Minnesota (MN) | 73 | $44.2M | 0.7% |
| Iowa (IA) | 50 | $42.9M | 0.5% |
| New Hampshire (NH) | 56 | $38.6M | 0.5% |
| Kansas (KS) | 50 | $36.7M | 0.5% |
| Delaware (DE) | 37 | $31.6M | 0.3% |
| New Mexico (NM) | 51 | $28.0M | 0.5% |
| District of Columbia (DC) | 54 | $26.3M | 0.5% |
| Idaho (ID) | 26 | $23.4M | 0.2% |
| Maine (ME) | 29 | $22.5M | 0.3% |
| Arkansas (AR) | 37 | $20.5M | 0.3% |
| Wyoming (WY) | 16 | $15.6M | 0.1% |
| Montana (MT) | 26 | $14.9M | 0.2% |
| Mississippi (MS) | 26 | $13.2M | 0.2% |
| Hawaii (HI) | 23 | $13.1M | 0.2% |
| Nebraska (NE) | 25 | $11.9M | 0.2% |
| West Virginia (WV) | 24 | $10.6M | 0.2% |
| North Dakota (ND) | 15 | $10.3M | 0.1% |
| South Dakota (SD) | 9 | $9.8M | 0.1% |
| Vermont (VT) | 17 | $8.6M | 0.2% |
| VI (VI) | 3 | $1.5M | 0.0% |
| PR (PR) | 1 | $200K | 0.0% |
Why Choose Newtek Small Business Finance, Inc.?
Based on SBA 7(a) lending track record from 1994-2023
- ✓Proven Track Record: 10,773 SBA loans approved, totaling $6.85B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 7.33% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $636K
- ✓Nationwide Reach: Active lending in 53 states, with strong presence in FL, NY, CA
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 Small Business Finance, Inc. SBA lending
What types of businesses does Newtek Small Business Finance, Inc. typically finance?
Newtek Small Business Finance, Inc. specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, fitness and recreational sports centers, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Newtek Small Business Finance, Inc.'s typical SBA loan terms?
Newtek Small Business Finance, Inc.'s SBA 7(a) loans typically feature an average interest rate of 7.33% and average term length of 154 months (approximately 13 years). Loan sizes range from $5K to $5.0M, with an average loan size of $636K.
Do I need a business valuation for a Newtek Small Business Finance, Inc. SBA loan?
Yes, Newtek Small Business Finance, Inc. 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 Small Business Finance, Inc. compare to other SBA lenders?
Newtek Small Business Finance, Inc. has originated 10,773 SBA loans totaling $6.85B since 1994. 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 Small Business Finance, Inc. lend in?
Newtek Small Business Finance, Inc. provides SBA 7(a) financing with particularly strong presence in FL, NY, CA, TX, NJ. 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.