40 SBA loans worth $25.7M went to businesses in Newark, CA between October 2021 and June 2026, from 21 lenders. Mortgage Capital Development made the most, 5 loans. The median loan was $361,600, compared with $300,000 across California, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Mortgage Capital Development Certified development company · Oakland, CA | 5 | $5.2M | $1,146,000 | 0% |
| 2 | Newtek Bank Bank · Miami, FL | 3 | $3.8M | $1,200,000 | 0% |
| 3 | East West Bank Bank · Pasadena, CA | 3 | $2.7M | $500,000 | 0% |
| 4 | Celtic Bank Bank · Salt Lake City, UT | 3 | $1.2M | $356,100 | 67% |
| 5 | Northeast Bank Bank · Portland, ME | 3 | $443K | $100,000 | 67% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 3 | $125K | $50,000 | 0% |
| 7 | Open Bank Bank · Los Angeles, CA | 2 | $1.1M | $557,500 | 0% |
| 8 | Bank of Hope Bank · Los Angeles, CA | 2 | $1.1M | $553,000 | 50% |
| 9 | Fremont Bank Bank · Fremont, CA | 2 | $650K | $325,000 | 0% |
| 10 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $184K | $92,000 | 0% |
| 11 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $30K | $15,000 | 100% |
| 12 | Business Finance Capital Certified development company · Los Angeles, CA | 1 | $3.7M | $3,682,000 | 0% |
| 13 | Bank of America Bank · Charlotte, NC | 1 | $2.0M | $1,965,300 | 0% |
| 14 | Centerstone SBA Lending Non-bank lender · Los Angeles, CA | 1 | $770K | $770,000 | 0% |
| 15 | United Business Bank Bank · Walnut Creek, CA | 1 | $748K | $748,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 11 | $356,100 | Northeast Bank | |
| Professional and technical services | 6 | $264,250 | U.S. Bank | |
| Retail | 5 | $486,800 | Celtic Bank | |
| Health care and social assistance | 4 | $326,500 | Mortgage Capital Development | |
| Wholesale trade | 3 | $500,000 | JPMorgan Chase Bank | |
| Construction | 3 | $400,000 | U.S. Bank | |
| Administrative and support services | 2 | $196,500 | Northeast Bank | |
| Education | 2 | $1,850,000 | Newtek Bank |