STRONG
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
FAIR
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
1,573
2010–2026
Total Volume
$1.5B
Gross loan amounts
States Active
13
With recorded loans
Programs
7(a) & 504
1573 total segments
NewBank primarily serves startups, with 55% of their deals focused on new businesses. If you're a first-time borrower, this lender could be a good fit for your needs.
With an average 7(a) spread of P+2.18%, NewBank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over time.
NewBank's growth trend shows a decline of 24% year-over-year in deal volume, which may indicate a tightening of lending criteria. Be prepared for a potentially more rigorous approval process.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 16 504 loans, which use fixed SBA debenture rates.
States where NewBank has recorded SBA lending activity.
+ 8 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Food & Beverage Stores
Retail Trade
Personal Care (Salons, Spas)
Other Services
Real Estate
Real Estate
Laundry & Dry Cleaning
Other Services
Wholesale Trade
Wholesale Trade
Retail Trade
Retail Trade
Hotels & Accommodation
Accommodation & Food Services
+ 7 more
All recorded SBA lending activity for NewBank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| New York · Food & Beverage Stores · $1M – $2M | 7(a) | 103 | P+2.25% | $1.5M | Q3 2024 |
| New York · Restaurants & Food Service · $150K – $350K | 7(a) | 80 | P+2.00% | $279K | Q3 2025 |
| New York · Restaurants & Food Service · $500K – $1M | 7(a) | 80 | P+2.50% | $748K | Q4 2024 |
| New York · Food & Beverage Stores · $500K – $1M | 7(a) | 78 | P+2.50% | $769K | Q4 2024 |
| New York · Restaurants & Food Service · $1M – $2M | 7(a) | 67 | P+2.50% | $1.5M | Q2 2025 |
| New York · Restaurants & Food Service · $350K – $500K | 7(a) | 54 | P+2.50% | $459K | Q4 2024 |
| New York · Food & Beverage Stores · $2M – $5M | 7(a) | 48 | P+2.00% | $3.0M | Q2 2024 |
| New York · Hotels & Accommodation · $2M – $5M | 7(a) | 48 | P+2.00% | $4.5M | Q4 2023 |
| New York · Restaurants & Food Service · Under $150K | 7(a) | 42 | P+2.25% | $116K | Q4 2024 |
| New York · Food & Beverage Stores · $150K – $350K | 7(a) | 39 | P+2.00% | $294K | Q2 2024 |
| New Jersey · Restaurants & Food Service · $150K – $350K | 7(a) | 38 | P+2.25% | $266K | Q4 2023 |
| New York · Food & Beverage Stores · $350K – $500K | 7(a) | 36 | P+2.50% | $459K | Q1 2024 |
| New Jersey · Restaurants & Food Service · Under $150K | 7(a) | 30 | P+2.50% | $97K | Q2 2025 |
| New Jersey · Food & Beverage Stores · $500K – $1M | 7(a) | 26 | P+2.50% | $757K | Q4 2022 |
| New Jersey · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 24 | P+2.25% | $241K | Q3 2024 |
| New York · Real Estate · $1M – $2M | 7(a) | 23 | P+2.75% | $1.5M | Q3 2017 |
| New Jersey · Food & Beverage Stores · $1M – $2M | 7(a) | 21 | P+2.00% | $1.5M | Q4 2023 |
| New York · Restaurants & Food Service · $2M – $5M | 7(a) | 20 | P+2.13% | $2.6M | Q2 2025 |
| New Jersey · Personal Care (Salons, Spas) · Under $150K | 7(a) | 19 | P+2.25% | $87K | Q3 2022 |
| New York · Real Estate · $500K – $1M | 7(a) | 17 | P+2.75% | $810K | Q1 2016 |
| New York · Food & Beverage Stores · Under $150K | 7(a) | 17 | P+2.75% | $110K | Q1 2019 |
| New Jersey · Restaurants & Food Service · $500K – $1M | 7(a) | 16 | P+2.38% | $693K | Q3 2023 |
| New Jersey · Food & Beverage Stores · $150K – $350K | 7(a) | 16 | P+2.25% | $273K | Q4 2024 |
| New Jersey · Restaurants & Food Service · $350K – $500K | 7(a) | 16 | P+2.50% | $468K | Q4 2024 |
| New York · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 16 | P+2.50% | $269K | Q2 2023 |
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