Newtek Small Business Finance, INC.: SBA Lending Activity & Industry Focus

Nationwide (49 states)Trending upRecently activeDiverse industry mix

Based on historical SBA 7(a) lending data.

Total Approvals

772

by Newtek Small Business Finance, INC.

Total Volume

$491,611,100

approved amount

Median Loan Size

$300,000

per approval

Recent Activity

456

last 90 days through Apr 2023

Active SBA Lender

Newtek Small Business Finance, INC. is a national lender active across 49 states lending across 73 different industries. With 772 SBA 7(a) approvals and a typical loan size of $300,000, their lending data provides a detailed picture of where and how they deploy SBA capital.

What you should know

Key insights derived from Newtek Small Business Finance, INC.'s SBA 7(a) lending history

Accelerating SBA activity

Newtek Small Business Finance, INC.'s SBA lending is trending up — 408 approvals in the last 6 months vs. 280 in the prior period (+46%). Increasing volume can signal improved capacity and appetite for new borrowers.

Active SBA participant

Newtek Small Business Finance, INC. has 772 SBA 7(a) approvals on record. While not among the highest-volume lenders, they maintain an active SBA program. Response times and processing experience may vary.

Typical loan: $306,000

Newtek Small Business Finance, INC.'s median SBA loan is $306,000, with the middle 50% between $133,600 and $700,000. They handle a range of loan sizes without strong concentration in any single band.

Nationwide reach (49 states)

Newtek Small Business Finance, INC. has funded SBA loans in 49 states, giving them broad geographic coverage. Their highest concentration is in California (13% of loans). National lenders typically accept applications from anywhere in the U.S.

Diversified: 73 industries served

Newtek Small Business Finance, INC. lends across 73 different industry sectors with no single industry dominating. This broad experience means they can likely evaluate most business types, though they may not have deep expertise in any specific niche.

Lending trends for Newtek Small Business Finance, INC.

↑ 121%loan volume YoY

↑ 100%dollar volume YoY

Total loaned ($)

Median loan size

Loan size distribution

Based on 1,000 SBA 7(a) approvals

Under $50K55 (6%)

$50K–$150K215 (22%)

$150K–$350K263 (26%)

$350K–$1M273 (27%)

$1M–$5M180 (18%)

Over $5M14 (1%)

Summary

Median (50th percentile)

$306,000

25th percentile

$133,600

75th percentile

$700,000

Average

$660,604

Typical range

$133,600

$700,000

States served

CA102 FL98 NY65 TX64 IL32 PA31 GA28 NC27 VA27 CO24 NJ23 MI19 OH17 SC16 MA15 WA14 NV14 TN14 MD13 LA13 CT10 AZ10 AL9 MO9 MN7 WI7 IN6 OR5 KS4 RI4 KY4 UT4 IA3 VT3 MT3 AK3 OK3 WY3 MS3 NM3 SD2 ME2 NH2 ID2 DE1 HI1 DC1 NE1 ND1

Less active

More active

State-by-state lending activity

#	State	Approvals	Median Size
1	California	102	$288,500
2	Florida	98	$631,500
3	New York	65	$92,500
4	Texas	64	$454,000
5	Illinois	32	$335,000
6	Pennsylvania	31	$199,500
7	Georgia	28	$346,000
8	North Carolina	27	$235,000
9	Virginia	27	$100,000
10	Colorado	24	$250,000
11	New Jersey	23	$204,750
12	Michigan	19	$534,750
13	Ohio	17	$273,750
14	South Carolina	16	$225,000
15	Massachusetts	15	$221,000
16	Washington	14	$188,500
17	Nevada	14	$404,000
18	Tennessee	14	$342,500
19	Maryland	13	$172,800
20	Louisiana	13	$150,000
21	Connecticut	10	$377,000
22	Arizona	10	$100,000
23	Alabama	9	$350,000
24	Missouri	9	$40,000
25	Minnesota	7	$225,000

Newtek Small Business Finance, INC. by industry

Snack and Nonalcoholic Beverage Bars96 approvals Tax Preparation Services76 approvals Tile and Terrazzo Contractors65 approvals Offices of Physicians (except Mental Health Specialists)48 approvals Pet Care (except Veterinary) Services36 approvals Tour Operators33 approvals Reupholstery and Furniture Repair33 approvals Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant30 approvals Golf Courses and Country Clubs27 approvals Residential Remodelers27 approvals

Industry focus

#	Industry	NAICS	Approvals
1	Snack and Nonalcoholic Beverage Bars	722	96
2	Tax Preparation Services	541	76
3	Tile and Terrazzo Contractors	238	65
4	Offices of Physicians (except Mental Health Specialists)	621	48
5	Pet Care (except Veterinary) Services	812	36
6	Tour Operators	561	33
7	Reupholstery and Furniture Repair	811	33
8	Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant	423	30
9	Golf Courses and Country Clubs	713	27
10	Residential Remodelers	236	27

Recent SBA 7(a) approvals by Newtek Small Business Finance, INC.

Month	Borrower	Location	Industry	Amount
2023-04	Viz*****nc.	NEWPORT, RI	Computer Systems Design Services	$1,500,000
2023-04	Ala*****LLC	JUNEAU, AK	Limited-Service Restaurants	$95,000
2023-04	MB *****LLC	RUSHVILLE, IL	—	$250,200
2023-04	I W*****Inc	CORAL SPRINGS, FL	Full-Service Restaurants	$350,000
2023-04	Low*****LLC	SUMMERVILLE, SC	Fitness and Recreational Sports Centers	$200,000
2023-04	BRA*****INC	WESTLAKE VILLAGE, CA	Snack and Nonalcoholic Beverage Bars	$1,000,000
2023-04	Sho*****LLC	DAVIE, FL	Dance Companies	$66,500
2023-04	HRI*****RTS	NAPLES, FL	Plumbing, Heating, and Air-Conditioning Contractors	$2,000,000
2023-04	AME*****ONS	DAVIE, FL	All Other Specialty Trade Contractors	$500,000
2023-04	Tec*****Inc	MARLBOROUGH, MA	—	$100,000
2023-04	BA *****LLC	MATTAWAN, MI	Septic Tank and Related Services	$570,000
2023-04	Go****rub	BONITA SPRINGS, FL	Custom Computer Programming Services	$55,000
2023-04	Sa****220	COLUMBUS, MS	Beauty Salons	$24,000
2023-04	Ren*****LLC	KISSIMMEE, FL	Residential Remodelers	$4,000,000
2023-04	Bla*****llc	NORTH POLE, AK	Landscaping Services	$2,000,000
2023-04	G S*****ial	COLUMBIA, MD	Drinking Places (Alcoholic Beverages)	$146,000
2023-04	KNR*****Inc	JAMAICA, NY	Site Preparation Contractors	$788,000
2023-04	Coa*****ons	HOLLY RIDGE, NC	Full-Service Restaurants	$250,000
2023-04	Hyg*****nc.	MACKINAW, IL	Janitorial Services	$100,000
2023-04	Ins*****ios	DORAL, FL	Beauty Salons	$808,000
2023-04	OnS*****nc.	SAN FRANCISCO, CA	Electrical Contractors	$3,000,000
2023-04	HOO*****LLC	CYPRESS, TX	Sporting and Recreational Goods and Supplies Merchant Wholesalers	$2,500,000
2023-04	Old*****isi	NEW YORK, NY	Full-Service Restaurants	$250,000
2023-04	All*****LLC	POMPANO BEACH, FL	Amusement Arcades	$310,000
2023-04	HEA*****ORP	MIAMI, FL	Beauty Salons	$50,000
2023-04	Ven*****LLC	SARASOTA, FL	Other Scientific and Technical Consulting Services	$40,000
2023-04	Bri*****edy	CALISTOGA, CA	Beauty Salons	$40,000
2023-04	PAR*****TAL	LUTZ, FL	—	$50,000
2023-04	SPO*****INC	YARMOUTH PORT, MA	Other Services to Buildings and Dwellings	$72,000
2023-04	REN*****LLC	KISSIMMEE, FL	Residential Remodelers	$4,000,000
2023-04	Ren*****LLC	KISSIMMEE, FL	Residential Remodelers	$4,000,000
2023-04	Hil*****ces	RENO, NV	Exterminating and Pest Control Services	$400,000
2023-04	AA *****NC.	HOLLYWOOD, FL	—	$1,950,000
2023-04	Enh*****LLC	SMYRNA, GA	Administrative Management and General Management Consulting Services	$55,000
2023-04	Mis*****ces	HALF MOON BAY, CA	Motion Picture and Video Production	$65,000
2023-04	OG *****les	MILWAUKEE, WI	Used Car Dealers	$300,000
2023-04	Dr *****orp	LOS ANGELES, CA	Offices of Dentists	$142,000
2023-04	Gra*****LLC	SACRAMENTO, CA	Supermarkets and Other Grocery (except Convenience) Stores	$3,750,000
2023-04	THE*****LLC	HOFFMAN ESTATES, IL	Full-Service Restaurants	$250,000
2023-04	AO *****nc.	SAN JOSE, CA	Full-Service Restaurants	$150,000
2023-04	MX***LLC	DULUTH, GA	Industrial Design Services	$350,000
2023-04	ETT*****LLC	MIAMI, FL	Sporting and Recreational Goods and Supplies Merchant Wholesalers	$500,000
2023-04	Kar*****LLC	DETROIT, MI	Independent Artists, Writers, and Performers	$361,000
2023-04	DET*****TOR	TAYLOR, MI	Other Motor Vehicle Parts Manufacturing	$2,200,000
2023-04	QUA*****LLC	FRANKLIN, VA	Limited-Service Restaurants	$150,000
2023-04	KRI*****LLC	AUSTIN, TX	Beauty Salons	$50,000
2023-04	DMS*****NC.	MATAWAN, NJ	Full-Service Restaurants	$100,000
2023-04	COR*****LLC	KATY, TX	Full-Service Restaurants	$420,000
2023-04	AME*****NC.	FREMONT, CA	Limited-Service Restaurants	$1,100,000
2023-04	Ran*****nc.	PETERSBURG, VA	Full-Service Restaurants	$50,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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