GOOD
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.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
8,451
2010–2025
Total Volume
$6.1B
Gross loan amounts
States Active
50
Incl. DC & territories
Programs
7(a) & 504
8451 total segments
Newtek Small Business Finance, Inc. primarily focuses on existing businesses, with 75% of their deals in this category. This makes them a strong choice for established companies looking for financing.
With an average 7(a) spread of P+2.86%, Newtek's pricing is slightly above the national median of P+2.75%. This could mean higher costs for borrowers, so it's worth comparing with other lenders.
Newtek's deal volume has drastically decreased by 99% year-over-year, indicating potential challenges in their lending capacity. Borrowers should consider this trend when seeking financing.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 73 504 loans, which use fixed SBA debenture rates.
Top 15 of 53 states where Newtek Small Business Finance, Inc. has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Wholesale Trade
Wholesale Trade
Transportation & Warehousing
Transportation & Warehousing
Administrative & Waste Services
Administrative & Waste Services
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for Newtek Small Business Finance, Inc., grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| California · Restaurants & Food Service · $150K – $350K | 7(a) | 60 | P+2.75% | $265K | Q1 2023 |
| Florida · Restaurants & Food Service · $150K – $350K | 7(a) | 46 | P+2.75% | $282K | Q2 2023 |
| Texas · Restaurants & Food Service · $150K – $350K | 7(a) | 28 | P+2.75% | $247K | Q1 2023 |
| New York · Restaurants & Food Service · $150K – $350K | 7(a) | 26 | P+2.75% | $257K | Q2 2023 |
| California · Restaurants & Food Service · Under $150K | 7(a) | 26 | P+2.75% | $108K | Q2 2023 |
| California · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 24 | P+2.75% | $253K | Q1 2023 |
| Florida · Restaurants & Food Service · $500K – $1M | 7(a) | 22 | P+2.75% | $721K | Q1 2023 |
| Florida · Restaurants & Food Service · Under $150K | 7(a) | 22 | P+2.75% | $96K | Q1 2023 |
| Florida · Administrative & Waste Services · Under $150K | 7(a) | 22 | P+2.75% | $101K | Q2 2023 |
| Florida · Miscellaneous Retail · Under $150K | 7(a) | 20 | P+2.75% | $84K | Q1 2023 |
| California · Transportation & Warehousing · $2M – $5M | 7(a) | 20 | P+2.75% | $3.3M | Q4 2022 |
| Pennsylvania · Restaurants & Food Service · $150K – $350K | 7(a) | 20 | P+2.75% | $238K | Q1 2023 |
| California · Restaurants & Food Service · $350K – $500K | 7(a) | 20 | P+2.75% | $452K | Q1 2023 |
| Florida · Management & IT Consulting · Under $150K | 7(a) | 20 | P+3.00% | $82K | Q2 2023 |
| California · Arts, Entertainment & Recreation · Under $150K | 7(a) | 19 | P+2.75% | $88K | Q1 2023 |
| New York · Restaurants & Food Service · Under $150K | 7(a) | 19 | P+2.75% | $93K | Q1 2023 |
| California · Specialty Trade Contractors · $150K – $350K | 7(a) | 19 | P+2.75% | $269K | Q1 2023 |
| Florida · Other Health Practitioners · $150K – $350K | 7(a) | 18 | P+2.75% | $264K | Q1 2023 |
| California · Manufacturing · $500K – $1M | 7(a) | 18 | P+2.75% | $702K | Q4 2022 |
| Florida · Wholesale Trade · $150K – $350K | 7(a) | 18 | P+2.75% | $288K | Q1 2023 |
| Florida · Manufacturing · Under $150K | 7(a) | 17 | P+2.75% | $85K | Q1 2023 |
| Florida · Other Repair & Services · Under $150K | 7(a) | 17 | P+2.75% | $86K | Q1 2023 |
| California · Miscellaneous Retail · Under $150K | 7(a) | 16 | P+2.75% | $79K | Q1 2023 |
| New York · Restaurants & Food Service · $350K – $500K | 7(a) | 16 | P+2.75% | $452K | Q3 2022 |
| New York · Wholesale Trade · $500K – $1M | 7(a) | 16 | P+2.75% | $735K | Q1 2023 |
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