Newtek Bank
Made 123 SBA 7(a) change-of-ownership loans totaling $56.7M in FY2024 to FY2026: #26 of 1,054 lenders by loans and #76 by dollars. Lends in 28 states. Part of Newtekone Inc.
Full legal name: Newtek Bank, National Association.
Includes loans made by Newtek Small Business Finance, LLC, which became Newtek Bank in 2023.
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 12 | $9.0M | $212K | 0.2% |
| FY2025 | 30 | $23.0M | $372K | 0.4% |
| FY2026 | 81 | $24.7M | $185K | 1.2% |
Deal size mix
11% of its loans were $1M or more.
- Under $350K78 loans · 63% · $11.5M
- $350K to $1M31 loans · 25% · $15.6M
- $1M to $2M7 loans · 6% · $9.9M
- $2M to $5M7 loans · 6% · $19.7M
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 36 | $15.0M |
| Other Services | 17 | $4.6M |
| Retail Trade | 12 | $8.9M |
| Arts, Entertainment & Recreation | 11 | $2.6M |
| Administrative & Support, Waste Mgmt | 11 | $2.8M |
| Health Care & Social Assistance | 11 | $8.2M |
| Wholesale Trade | 6 | $5.6M |
| Manufacturing | 6 | $4.4M |
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Florida | 22 | $10.8M |
| California | 13 | $3.2M |
| Texas | 13 | $7.2M |
| Michigan | 8 | $3.9M |
| New Jersey | 7 | $2.0M |
| Illinois | 6 | $1.4M |
| Maryland | 6 | $1.9M |
| Massachusetts | 5 | $2.6M |
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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