The Newton Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Newton Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $25K | $25K | 10.0% |
| 624120 | Services for the Elderly and Persons with Disabilities | 1 | $58K | $58K | 10.0% |
| 611620 | Sports and Recreation Instruction | 1 | $150K | $150K | 10.0% |
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 1 | $75K | $75K | 10.0% |
Geographic Distribution
SBA lending activity for The Newton Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 10 | $1.0M | 100.0% |
Why Choose The Newton Trust Company?
Based on SBA 7(a) lending track record from 2003-2004
- ✓Proven Track Record: 10 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Services for the Elderly and Persons with Disabilities, Sports and Recreation Instruction
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $25K to $245K, with an average of $104K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NJ
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 The Newton Trust Company SBA lending
What types of businesses does The Newton Trust Company typically finance?
The Newton Trust Company specializes in SBA 7(a) lending to specific industries including beauty salons, services for the elderly and persons with disabilities, sports and recreation instruction, nonupholstered wood household furniture manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Newton Trust Company's typical SBA loan terms?
The Newton Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 79 months (approximately 7 years). Loan sizes range from $25K to $245K, with an average loan size of $104K.
Do I need a business valuation for a The Newton Trust Company SBA loan?
Yes, The Newton Trust Company 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 The Newton Trust Company compare to other SBA lenders?
The Newton Trust Company has originated 10 SBA loans totaling $1.0M since 2003. 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 The Newton Trust Company lend in?
The Newton Trust Company provides SBA 7(a) financing with particularly strong presence in 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.
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