Overview
Newtek Small Business Finance, Inc. is our #7 ranked SBA lender. Newtek lent money in all states other than South Dakota last year. As with most national lenders, the bulk of the loans went to the most populous states (California, Texas, New York, Florida, etc.).
SBA small business loans provided Newtek Small Business last year:
Interest rates charged by Bank the past two years for SBA loans over $50,000 with terms of seven years or greater:
Some of the top industries that this bank specializes in (sorted from highest to lowest loan volume):
| Industry | Avg Loan $ | Avg Int |
|---|---|---|
| Restaurants | $552,428 | 6.9% |
| Fitness Center | $771,384 | 6.9% |
| Day Care | $638,656 | 6.9% |
| Auto Repair | $445,200 | 6.9% |
| Gas Station | $879,150 | 6.9% |
| Trucking | $1,307,160 | 7.0% |
4
7.52%
4.75%
7.75%
586
$422,910,335
$721,690
$10,000
$5,000,000
117
300
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