SBA lender · 7(a) program
Newtek Bank
Newtek Bank has approved 13,752 SBA loans worth $5.68B since FY2010 - the #10 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#10
1.12% of all SBA dollars
Total approved
$5.68B
FY2010 onward
Loans
13,752
Median loan
$200,000
+11% vs national
Median rate
11.00%
+4.25 pts vs national
Charge-off rate
-
Cohort too small
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Newtek Bank’s numbers say
Newtek Bank sits near the top of the SBA lending field, having approved 13,752 loans for a gross total of $5.68B since fiscal 2010. Its median loan of $200,000 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 11.00%, 4.25 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Roughly 10% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where Newtek Bank lends
| State | Loans | Share |
|---|---|---|
| California | 2,042 | |
| Florida | 1,920 | |
| Texas | 1,341 | |
| New York | 892 | |
| Georgia | 638 | |
| New Jersey | 480 | |
| Illinois | 409 | |
| Colorado | 396 |
What it lends against
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about Newtek Bank
- How many SBA loans has Newtek Bank approved?
- Newtek Bank has approved 13,752 SBA loans totalling $5,682,597,900 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #10 among all SBA lenders by dollars approved.
- What is the typical Newtek Bank SBA loan size?
- The median gross approval is $200,000, with the middle 80% of loans falling between $50,000 and $975,000. The national median across all SBA lenders is $180,000.
- What interest rate does Newtek Bank charge on SBA 7(a) loans?
- The median initial note rate on Newtek Bank's 7(a) approvals is 11.00%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
Where to go from here
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