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Non-bank lender · Lake Success, NY

Newtek Small Business Finance: SBA lending profile

Newtek Small Business Finance, Inc. · SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026
2,762
SBA loans approved
$1.7B
Total approved
$275,000
Median loan
51
States lent in
24%
To startups
#18
National rank by loans

Newtek Small Business Finance approved 2,762 SBA loans worth $1.7B between October 2021 and June 2026, ranking #18 of 2,283 SBA lenders nationally by loan count. Its median loan was $275,000, and 24% went to startups or businesses under two years old. It lent in 51 states, most often in California, and its most financed industry was construction.

SBA loans per fiscal year

06671,3332,000FY14: 269 loansFY14FY15: 391 loansFY15FY16: 517 loansFY16FY17: 525 loansFY17FY18: 767 loansFY18FY19: 886 loansFY19FY20: 438 loansFY20FY21: 1,241 loansFY21FY22: 1,677 loansFY221,677FY23: 1,085 loansFY231,085
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Newtek Small Business Finance lends

StateLoansApprovedMedian loanRank in state
California385$269.6M$315,000#23
Florida364$223.5M$300,000#16
Texas248$177.9M$298,500#20
New York205$114.6M$250,000#18
New Jersey111$80.0M$250,000#20
Georgia104$66.7M$271,500#23
Pennsylvania93$56.7M$225,000#29
Virginia85$38.7M$150,000#16
Illinois75$44.4M$250,200#29
North Carolina75$44.6M$350,000#26
Michigan71$43.0M$252,000#22
Colorado68$33.4M$298,050#27
Nevada64$34.8M$336,500#15
Arizona57$32.9M$320,000#28
South Carolina53$21.3M$150,000#18

Industries Newtek Small Business Finance finances

IndustryLoansShareMedian loan
Construction347
13%
$350,000
Restaurants and hotels342
12%
$290,000
Retail334
12%
$239,400
Professional and technical services310
11%
$210,000
Other services (repair, personal care)261
9%
$172,000
Health care and social assistance258
9%
$296,000
Manufacturing177
6%
$355,000
Wholesale trade155
6%
$350,000
Administrative and support services138
5%
$250,000
Arts, entertainment and recreation127
5%
$292,000
Loan size mix
  • Under $150,00030%
  • $150,000 to $500,00039%
  • $500,000 to $2 million23%
  • $2 million and up8%
Loan programs used
  • Preferred Lender (PLP)89%
  • SBA Express11%
  • Seasonal CAPLine0%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.