Lenders › Newtek Small Business Finance, Inc.
7(a) lenderLake Success, New Yorknon-bank 7(a) lender15th of 2,184 by approvals
Newtek Small Business Finance, Inc.
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.
In FY2021 to FY2025 SBA approved 4,003 7(a) loans, worth $2.55bn, through Newtek Small Business Finance, Inc. of Lake Success, New York, a non-bank 7(a) lender in the SBA 7(a) program. By number of approvals that is 15th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 0 approvals totalling —.
The median approval was $300K, against $190K for the 7(a) program as a whole; 34.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 51 states and territories and 851 counties, led by California (13.8%), Florida (12.4%) and Texas (8.8%). The largest industry group was retail trade at 12.4% of approvals, and 7.7% of approvals were to franchise businesses.
Of 3,984 disbursed loans approved in FY2010 to FY2021, SBA records 271 as charged off (6.8%), 2,275 as paid in full and 1,438 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
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* | 0 | — | — | — | 0 |
| FY2025 | 0 | — | — | — | 0 |
| FY2024 | 0 | — | — | — | 0 |
| FY2023 | 1,085 | $682M | $300K | $628K | 21,182 |
| FY2022 | 1,677 | $1.01bn | $265K | $604K | 23,949 |
| FY2021 | 1,241 | $859M | $333K | $692K | 19,708 |
| FY2020 | 438 | $336M | $390K | $768K | 8,323 |
| FY2019 | 886 | $618M | $346K | $698K | 14,038 |
| FY2018 | 767 | $559M | $335K | $729K | 12,355 |
| FY2017 | 525 | $405M | $370K | $772K | 8,358 |
| FY2016 | 517 | $396M | $350K | $765K | 9,208 |
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 3,133 approvals. First approval on file: FY2010.
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 | 5,640 | 79,249 | 639,905 |
| Cancelled or never disbursed | 1,656 | 10,102 | 79,313 |
| Disbursed loans | 3,984 | 69,147 | 560,592 |
| Paid in full | 2,275 | 52,688 | 435,813 |
| Charged off | 271 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 1,438 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 6.8% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 3.2% | 1.5% | 2.5% |
| Dollars charged off | $106M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 821 | 327 | 12 | 1.5% | 2.8% |
| FY2020 | 289 | 147 | 9 | 3.1% | 4.0% |
| FY2019 | 604 | 304 | 23 | 3.8% | 6.7% |
| FY2018 | 554 | 289 | 38 | 6.9% | 7.9% |
| FY2017 | 415 | 246 | 30 | 7.2% | 7.7% |
| FY2016 | 383 | 272 | 40 | 10.4% | 7.2% |
| FY2015 | 264 | 186 | 39 | 14.8% | 6.9% |
| FY2014 | 195 | 145 | 15 | 7.7% | 6.4% |
| FY2013 | 157 | 117 | 21 | 13.4% | 6.0% |
| FY2012 | 97 | 76 | 17 | 17.5% | 6.3% |
| FY2011 | 113 | 87 | 18 | 15.9% | 6.9% |
| FY2010 | 92 | 79 | 9 | 9.8% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $300K | $190K |
| Average approval | $638K | $518K |
| Approvals of $150,000 or less | 34.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 23.3% | 34.3% |
| Approvals to franchise businesses | 7.7% | 11.5% |
| Jobs supported per approval, as reported | 16.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.8% | 6.6% |
States served
| # | State of the business (51 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 552 | $383M | 13.8% | |
| 2 | Florida | 498 | $319M | 12.4% | |
| 3 | Texas | 353 | $248M | 8.8% | |
| 4 | New York | 301 | $198M | 7.5% | |
| 5 | New Jersey | 155 | $111M | 3.9% | |
| 6 | Georgia | 151 | $91.3M | 3.8% | |
| 7 | Pennsylvania | 127 | $84.2M | 3.2% | |
| 8 | Virginia | 123 | $55.6M | 3.1% | |
| 9 | Illinois | 114 | $70.1M | 2.8% | |
| 10 | Michigan | 112 | $78.7M | 2.8% | |
| 11 | North Carolina | 112 | $72.4M | 2.8% | |
| 12 | Colorado | 104 | $55.3M | 2.6% |
In California the lender accounts for 1.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (851 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 174 | $112M | 4.3% | |
| 2 | Broward County, FL | 84 | $58.3M | 2.1% | |
| 3 | Miami-Dade County, FL | 82 | $55.3M | 2.0% | |
| 4 | Harris County, TX | 73 | $61.6M | 1.8% | |
| 5 | Clark County, NV | 68 | $43.5M | 1.7% | |
| 6 | New York County, NY | 66 | $59.9M | 1.6% | |
| 7 | Cook County, IL | 66 | $44.2M | 1.6% | |
| 8 | Maricopa County, AZ | 64 | $31.9M | 1.6% | |
| 9 | San Diego County, CA | 59 | $35.9M | 1.5% | |
| 10 | Orange County, CA | 57 | $33.8M | 1.4% | |
| 11 | Palm Beach County, FL | 47 | $30.2M | 1.2% | |
| 12 | Nassau County, NY | 47 | $25.7M | 1.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 496 | 12.4% | |
| 2 | Professional, Scientific, and Technical Services | 473 | 11.8% | |
| 3 | Accommodation and Food Services | 470 | 11.7% | |
| 4 | Construction | 459 | 11.5% | |
| 5 | Other Services (except Public Administration) | 387 | 9.7% | |
| 6 | Health Care and Social Assistance | 380 | 9.5% | |
| 7 | Manufacturing | 260 | 6.5% | |
| 8 | Wholesale Trade | 211 | 5.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 376 | 9.4% | |
| 2 | Personal Care ServicesNAICS 8121 | 157 | 3.9% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 118 | 2.9% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 115 | 2.9% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 115 | 2.9% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 109 | 2.7% | |
| 7 | Residential Building ConstructionNAICS 2361 | 104 | 2.6% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 104 | 2.6% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 94 | 2.3% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 80 | 2.0% |
Approval sizes
- $50,000 or less12.1%486
- $50,001 to $150,00021.9%877
- $150,001 to $350,00027.4%1,097
- $350,001 to $1 million21.7%870
- $1 million to $2 million9.3%372
- Over $2 million7.5%301
Loan terms
- 5 years or less0.1%5
- Over 5 to 10 years79.5%3,182
- Over 10 to 20 years6.0%242
- Over 20 years14.3%574
Age of the businesses
- Existing, more than 2 years old73.5%2,942
- New business, 2 years or less15.9%635
- Startup, loan funds will open the business7.4%296
- Change of ownership3.2%129
- Not answered0.0%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 3,659 | 91.4% | |
| 2 | SBA Express Program | 342 | 8.5% | |
| 3 | International Trade Loans | 1 | 0.0% | |
| 4 | Seasonal CAPLine | 1 | 0.0% |
Franchise share
310 of 4,003 approvals in FY2021–FY2025 (7.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Hotworx | 16 | 0.4% | |
| 2 | AAMCO Transmissions and Total Car Care | 11 | 0.3% | |
| 3 | Charleys Philly Steaks | 6 | 0.1% | |
| 4 | Premier Martial Arts Studio | 5 | 0.1% | |
| 5 | True Value Company LLC | 4 | 0.1% | |
| 6 | Signarama | 4 | 0.1% | |
| 7 | Crumbl | 4 | 0.1% | |
| 8 | Subway | 4 | 0.1% |
Questions and answers
How many SBA loans does Newtek Small Business Finance, Inc. make?
SBA approved 0 7(a) loans through Newtek Small Business Finance, Inc. in FY2025, worth —, and 4,003 over FY2021 to FY2025. That ranks 15th of 2,184 active 7(a) lenders by number of approvals.
How large are Newtek Small Business Finance, Inc.'s typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $300K and the average $638K. The program-wide median was $190K.
What is Newtek Small Business Finance, Inc.'s charge-off rate?
Of 3,984 disbursed loans approved in FY2010 to FY2021, SBA records 271 as charged off (6.8%), 2,275 as paid in full and 1,438 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. 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 Small Business Finance, Inc. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (376); personal care services (157); other amusement and recreation industries (118); automotive repair and maintenance (115).
Where does Newtek Small Business Finance, Inc. make SBA loans?
In 51 states and territories. California 552, Florida 498, Texas 353, New York 301, New Jersey 155. In California it accounts for 1.6% of all 7(a) approvals.
Is Newtek Small Business Finance, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 1,085, against 3,356 in the three before: falling (-68%).
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