Newtown Savings Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Newtown Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 451140 | Musical Instrument and Supplies Stores | 16 | $2.4M | $148K | 6.5% |
| 336413 | Other Aircraft Parts and Auxiliary Equipment Manufacturing | 16 | $28.2M | $1.8M | 6.5% |
| 624410 | Child Day Care Services | 16 | $7.0M | $437K | 6.5% |
| 326199 | All Other Plastics Product Manufacturing | 16 | $1.2M | $75K | 6.5% |
| 312111 | Soft Drink Manufacturing | 16 | $1.6M | $100K | 6.5% |
| 339950 | Sign Manufacturing | 16 | $9.6M | $600K | 6.5% |
| 332323 | Ornamental and Architectural Metal Work Manufacturing | 16 | $24.0M | $1.5M | 6.5% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $2.7M | $341K | 3.2% |
| 812111 | Barber Shops | 8 | $2.4M | $300K | 3.2% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $1.4M | $176K | 3.2% |
Geographic Distribution
SBA lending activity for Newtown Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 248 | $106.4M | 100.0% |
Why Choose Newtown Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 248 SBA loans approved, totaling $106.4M in financing
- ✓Industry Expertise: Specialized focus on Musical Instrument and Supplies Stores, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 7.87% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $25K to $3.2M, with an average of $429K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CT
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 Newtown Savings Bank SBA lending
What types of businesses does Newtown Savings Bank typically finance?
Newtown Savings Bank specializes in SBA 7(a) lending to specific industries including musical instrument and supplies stores, other aircraft parts and auxiliary equipment manufacturing, child day care services, all other plastics product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Newtown Savings Bank's typical SBA loan terms?
Newtown Savings Bank's SBA 7(a) loans typically feature an average interest rate of 7.87% and average term length of 110 months (approximately 9 years). Loan sizes range from $25K to $3.2M, with an average loan size of $429K.
Do I need a business valuation for a Newtown Savings Bank SBA loan?
Yes, Newtown Savings Bank 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 Newtown Savings Bank compare to other SBA lenders?
Newtown Savings Bank has originated 248 SBA loans totaling $106.4M 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 Newtown Savings Bank lend in?
Newtown Savings Bank provides SBA 7(a) financing with particularly strong presence in CT. 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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