Lenders › Newtek Bank, National Association
7(a) lenderMiami, FloridaFDIC-insured bank5th of 2,184 by approvals
Newtek Bank, National Association
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Newtek Bank, National Association, based in Miami, Florida, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 9,910 of its 7(a) loans worth $4.68bn in FY2021 to FY2025, which places it 5th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 4,828 approvals totalling $2.03bn, up 26% on FY2024 (3,819). FY2026 to 30 Jun 2026 adds 3,842 more.
The median approval was $225K, against $190K for the 7(a) program as a whole; 41.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 51 states and territories and 1,175 counties, led by California (14.9%), Florida (13.7%) and Texas (9.6%). The largest industry group was professional, scientific, and technical services at 14.8% of approvals, and 1.2% of approvals were to franchise businesses.
Newtek Bank, National Association has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3,842 | $1000M | $150K | $260K | 46,324 |
| FY2025 | 4,828 | $2.03bn | $210K | $420K | 71,779 |
| FY2024 | 3,819 | $2.10bn | $250K | $550K | 69,046 |
| FY2023 | 1,263 | $554M | $200K | $439K | 20,173 |
| FY2022 | 0 | — | — | — | 0 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 0 approvals. First approval on file: FY2023.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 0 | 79,249 | 639,905 |
| Cancelled or never disbursed | 0 | 10,102 | 79,313 |
| Disbursed loans | 0 | 69,147 | 560,592 |
| Paid in full | 0 | 52,688 | 435,813 |
| Charged off | 0 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 1.5% | 2.5% |
| Dollars charged off | — | $565M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $225K | $190K |
| Average approval | $473K | $518K |
| Approvals of $150,000 or less | 41.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 19.5% | 34.3% |
| Approvals to franchise businesses | 1.2% | 11.5% |
| Jobs supported per approval, as reported | 16.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (51 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,481 | $727M | 14.9% | |
| 2 | Florida | 1,358 | $607M | 13.7% | |
| 3 | Texas | 954 | $447M | 9.6% | |
| 4 | New York | 642 | $355M | 6.5% | |
| 5 | Georgia | 466 | $205M | 4.7% | |
| 6 | New Jersey | 333 | $161M | 3.4% | |
| 7 | Illinois | 291 | $133M | 2.9% | |
| 8 | Colorado | 285 | $134M | 2.9% | |
| 9 | Pennsylvania | 271 | $131M | 2.7% | |
| 10 | Virginia | 256 | $105M | 2.6% | |
| 11 | North Carolina | 245 | $120M | 2.5% | |
| 12 | Arizona | 231 | $97.3M | 2.3% |
In California the lender accounts for 4.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (1,175 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 473 | $236M | 4.8% | |
| 2 | Miami-Dade County, FL | 326 | $150M | 3.3% | |
| 3 | Broward County, FL | 192 | $89.3M | 1.9% | |
| 4 | Harris County, TX | 188 | $92.6M | 1.9% | |
| 5 | Orange County, CA | 183 | $90.7M | 1.8% | |
| 6 | Maricopa County, AZ | 169 | $74.0M | 1.7% | |
| 7 | San Diego County, CA | 153 | $83.3M | 1.5% | |
| 8 | New York County, NY | 145 | $99.1M | 1.5% | |
| 9 | Cook County, IL | 144 | $65.4M | 1.5% | |
| 10 | Orange County, FL | 125 | $50.1M | 1.3% | |
| 11 | Clark County, NV | 114 | $63.0M | 1.2% | |
| 12 | Fulton County, GA | 111 | $60.5M | 1.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 1,462 | 14.8% | |
| 2 | Other Services (except Public Administration) | 1,089 | 11.0% | |
| 3 | Accommodation and Food Services | 1,082 | 10.9% | |
| 4 | Health Care and Social Assistance | 1,075 | 10.8% | |
| 5 | Retail Trade | 920 | 9.3% | |
| 6 | Construction | 756 | 7.6% | |
| 7 | Manufacturing | 749 | 7.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 650 | 6.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 896 | 9.0% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 401 | 4.0% | |
| 3 | Personal Care ServicesNAICS 8121 | 388 | 3.9% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 370 | 3.7% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 347 | 3.5% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 318 | 3.2% | |
| 7 | Computer Systems Design and Related ServicesNAICS 5415 | 296 | 3.0% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 281 | 2.8% | |
| 9 | Offices of PhysiciansNAICS 6211 | 241 | 2.4% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 219 | 2.2% |
Approval sizes
- $50,000 or less12.8%1,266
- $50,001 to $150,00028.8%2,855
- $150,001 to $350,00027.3%2,706
- $350,001 to $1 million20.8%2,063
- $1 million to $2 million6.0%598
- Over $2 million4.3%422
Loan terms
- 5 years or less0.2%20
- Over 5 to 10 years92.5%9,168
- Over 10 to 20 years3.1%311
- Over 20 years4.1%411
Age of the businesses
- Existing, more than 2 years old78.7%7,798
- New business, 2 years or less9.0%893
- Startup, loan funds will open the business10.5%1,040
- Change of ownership1.4%136
- Not answered0.4%43
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 8,459 | 85.4% | |
| 2 | SBA Express Program | 1,432 | 14.5% | |
| 3 | 7a General | 19 | 0.2% |
Franchise share
121 of 9,910 approvals in FY2021–FY2025 (1.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Paris Baguette | 3 | 0.0% | |
| 2 | Pirtek | 3 | 0.0% | |
| 3 | Huntington Learning Center | 3 | 0.0% | |
| 4 | Ford Motor Company Dealer Sales and Service Agreement | 2 | 0.0% | |
| 5 | American Family Care | 2 | 0.0% | |
| 6 | Wayback Burgers | 2 | 0.0% | |
| 7 | AAMCO Transmissions and Total Car Care | 2 | 0.0% | |
| 8 | Hotworx | 2 | 0.0% |
Questions and answers
How many SBA loans does Newtek Bank, National Association make?
SBA approved 4,828 7(a) loans through Newtek Bank, National Association in FY2025, worth $2.03bn, and 9,910 over FY2021 to FY2025. That ranks 5th of 2,184 active 7(a) lenders by number of approvals.
How large are Newtek Bank, National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $225K and the average $473K. The program-wide median was $190K.
What is Newtek Bank, National Association's charge-off rate?
Newtek Bank, National Association has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Newtek Bank, National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (896); automotive repair and maintenance (401); personal care services (388); management, scientific, and technical consulting services (370).
Where does Newtek Bank, National Association make SBA loans?
In 51 states and territories. California 1,481, Florida 1,358, Texas 954, New York 642, Georgia 466. In California it accounts for 4.3% of all 7(a) approvals.
Is Newtek Bank, National Association's SBA lending rising?
Volumes are too small to compare periods.
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error