NewBank approved 185 SBA loans worth $196.3M between October 2021 and June 2026, ranking #228 of 2,283 SBA lenders nationally by loan count. Its median loan was $500,000, and 58% went to startups or businesses under two years old. It lent in 6 states, most often in New York, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New York | 121 | $154.5M | $650,000 | #23 |
| New Jersey | 49 | $29.0M | $350,000 | #35 |
| Colorado | 8 | $4.8M | $406,250 | #106 |
| Connecticut | 5 | $2.5M | $500,000 | #65 |
| Utah | 1 | $5.0M | $5,000,000 | #153 |
| Virginia | 1 | $500K | $500,000 | #186 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 73 | $500,000 | |
| Retail | 45 | $650,000 | |
| Other services (repair, personal care) | 29 | $520,000 | |
| Arts, entertainment and recreation | 7 | $800,000 | |
| Wholesale trade | 7 | $440,000 | |
| Health care and social assistance | 6 | $911,000 | |
| Construction | 6 | $965,000 | |
| Professional and technical services | 4 | $2,895,000 | |
| Manufacturing | 3 | $472,500 | |
| Education | 3 | $760,000 |