Newtek Bank approved 13,752 SBA loans worth $5.7B between October 2021 and June 2026, ranking #3 of 2,283 SBA lenders nationally by loan count. Its median loan was $200,000, and 19% went to startups or businesses under two years old. It lent in 52 states, most often in California, and its most financed industry was professional and technical services.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 2,042 | $871.5M | $200,000 | #3 |
| Florida | 1,920 | $757.1M | $200,000 | #2 |
| Texas | 1,341 | $553.7M | $200,000 | #2 |
| New York | 892 | $412.2M | $200,000 | #5 |
| Georgia | 638 | $249.7M | $200,000 | #2 |
| New Jersey | 480 | $198.2M | $200,000 | #4 |
| Illinois | 409 | $159.9M | $200,000 | #8 |
| Colorado | 396 | $163.4M | $250,000 | #4 |
| Pennsylvania | 360 | $151.2M | $200,000 | #5 |
| North Carolina | 349 | $150.0M | $200,000 | #5 |
| Virginia | 349 | $132.1M | $200,000 | #3 |
| Arizona | 339 | $122.6M | $234,000 | #5 |
| Michigan | 308 | $130.1M | $199,000 | #4 |
| Tennessee | 279 | $106.0M | $175,000 | #3 |
| Ohio | 269 | $114.8M | $200,000 | #5 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Professional and technical services | 2,026 | $150,000 | |
| Restaurants and hotels | 1,712 | $225,000 | |
| Health care and social assistance | 1,524 | $215,000 | |
| Other services (repair, personal care) | 1,474 | $150,000 | |
| Retail | 1,293 | $150,000 | |
| Manufacturing | 977 | $250,000 | |
| Construction | 957 | $275,000 | |
| Administrative and support services | 921 | $200,000 | |
| Wholesale trade | 804 | $252,500 | |
| Arts, entertainment and recreation | 587 | $150,000 |