Newtek Small Business Finance, Inc. is our #3 ranked SBA lender.

Newtek Small Business Finance is a leading provider of small business loans and financing solutions. As a participating lender in the Small Business Administration (SBA) 7(a) loan program, Newtek lending helps small businesses access the capital they need to start or expand their operations.

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Newtek SBA loans tend to be priced slightly higher than the national average for similar SBA loans:

Recent lending activity at Newtek

RankIndustry# of Loans Avg LoanAvg Rate*
1Full-Service Restaurants93 $440,84911.74%
2Offices of Physicians (except Mental Health Specialists)52 $614,38511.53%
3Fitness and Recreational Sports Centers44 $240,56811.87%
4Plumbing, Heating, and Air-Conditioning Contractors38 $395,92111.64%
5Beauty Salons38 $186,42112.48%
6Offices of Lawyers35 $408,54311.85%
7Home Health Care Services35 $545,20011.75%
8General Automotive Repair32 $368,28111.81%
9Child Day Care Services30 $404,86712.16%
10Landscaping Services25 $295,52812.14%
11Used Car Dealers23 $318,04311.92%
12Insurance Agencies and Brokerages23 $496,02212.07%
13Offices of Dentists21 $676,14311.81%
14Electrical Contractors and Other Wiring21 $418,38111.40%
15Pet Care (except Veterinary) Services19 $216,10512.38%
16Engineering Services17 $509,64711.82%
17Residential Remodelers16 $391,56312.52%
18Supermarkets and Other Grocery (except Convenience) Stores13 $427,30811.77%
19Roofing Contractors13 $650,19211.42%
20Automotive Body, Paint, and Interior Repair and Maintenance11 $740,90911.82%
1Full-Service Restaurants93 $440,84911.74%
2Offices of Physicians (except Mental Health Specialists)52 $614,38511.53%
3Fitness and Recreational Sports Centers44 $240,56811.87%
4Plumbing, Heating, and Air-Conditioning Contractors38 $395,92111.64%
5Beauty Salons38 $186,42112.48%
6Home Health Care Services35 $545,20011.75%
7Offices of Lawyers35 $408,54311.85%
8General Automotive Repair32 $368,28111.81%
9Child Day Care Services30 $404,86712.16%
10Landscaping Services25 $295,52812.14%
11Used Car Dealers23 $318,04311.92%
12Insurance Agencies and Brokerages23 $496,02212.07%
13Offices of Dentists21 $676,14311.81%
14Electrical Contractors and Other Wiring21 $418,38111.40%
15Pet Care (except Veterinary) Services19 $216,10512.38%
16Engineering Services17 $509,64711.82%
17Residential Remodelers16 $391,56312.52%
18Roofing Contractors13 $650,19211.42%
19Supermarkets and Other Grocery (except Convenience) Stores13 $427,30811.77%
20Automotive Body, Paint, and Interior Repair and Maintenance11 $740,90911.82%

Newtek’s History

Founded in 1999, Newtek has a long history of providing financial solutions to small businesses across the United States. The company is committed to helping small businesses grow and succeed, and offers a variety of loan products to meet their unique needs.

One of the key advantages of working with Newtek is the company’s expertise in SBA lending. The SBA 7(a) loan program can be complex, but Newtek has the knowledge and experience to guide businesses through the process and help them access the financing they need.

In addition to its SBA lending capabilities, Newtek also offers a range of other financial products and services through Newtek One. These include business loans, equipment financing, working capital loans, and merchant cash advances. Newtek also provides financial technology solutions, such as electronic payment processing and web-based lending platforms, to help businesses manage their finances and grow their operations.

If you’re a small business owner in need of financing, Newtek Small Business Finance is a great partner to work with. The company’s experienced team and wide range of loan products can help you access the capital you need to take your business to the next level.

Newtek lent money in all states last year.

 

Is Newtek an SBA lender?

Yes, Newtek is an SBA lender. In fact, SBA lending is the sole focus on Newtek Small Business Finance. Newtek ranks consistently as a top 10 SBA lender.

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Posted in Top 20 SBA Lenders

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