Newtek Bank
National bank founded in 1963 providing business banking solutions including checking accounts, money market accounts, CDs, business lending, merchant accounts, and mobile banking for businesses nationwide.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (94 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Newtek Bank ranks #24 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Newtek Bank’s 7(a) acquisition lending falls in the $0-$500K range: 59 loans, 62.8% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 59 | 62.8% | |
| $500K-$1M | 20 | 21.3% | |
| $1M-$2M | 6 | 6.4% | |
| $2M-$3M | 4 | 4.3% | |
| $3M-$4M | 3 | 3.2% | |
| $4M-$5M | 2 | 2.1% |
Industries with highest loan volume
Snack and Nonalcoholic Beverage Bars
7
loans
$197K
avg. amount
Limited-Service Restaurants
7
loans
$313K
avg. amount
Full-Service Restaurants
5
loans
$378K
avg. amount
Drycleaning and Laundry Services (except Coin-Operated)
3
loans
$383K
avg. amount
All Other Miscellaneous Retailers
2
loans
$2.1M
avg. amount
Other Personal Care Services
2
loans
$663K
avg. amount
Vending Machine Operators
2
loans
$112K
avg. amount
Pet Care (except Veterinary) Services
2
loans
$423K
avg. amount
All Other Professional, Scientific, and Technical Services
2
loans
$150K
avg. amount
General Automotive Repair
2
loans
$285K
avg. amount
10-Year
1.7%
Percentile Ranking
87th
87th percentile
Newtek Bank’s median variable rate is + 3.00%, against a market median of Prime + 1.88%, 113 above market.
It priced below the market median in 0 of the last 8 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 3.11% |
| $500K-$1M | Prime + 2.96% |
| $1M-$2M | Prime + 3.08% |
| $2M-$3M | Prime + 2.81% |
| $3M-$4M | Prime + 3.00% |
| $4M-$5M | Prime + 3.00% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q1 '23 | Prime + 3.00% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 5 |
| Q2 '23 | Prime + 3.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
| Q3 '23 | Prime + 3.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 14 |
| Q4 '23 | Prime + 3.00% | Prime + 2.00% | Prime + 1.42% – Prime + 2.50% | 3 |
| Q4 '24 | Prime + 3.25% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 3 |
| Q2 '25 | Prime + 3.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q3 '25 | Prime + 3.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q1 '26 | Prime + 3.00% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
Newtek Bank has originated 7(a) acquisition loans in 28 states, most actively in Florida (15), Texas (11) and California (10). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Florida | 15 | 16.0% |
| Texas | 11 | 11.7% |
| California | 10 | 10.6% |
| New Jersey | 9 | 9.6% |
| Georgia | 5 | 5.3% |
| Massachusetts | 5 | 5.3% |
| North Carolina | 4 | 4.3% |
| Colorado | 4 | 4.3% |
| Illinois | 3 | 3.2% |
| New York | 3 | 3.2% |
| Washington | 2 | 2.1% |
| Pennsylvania | 2 | 2.1% |
| Maryland | 2 | 2.1% |
| Oregon | 2 | 2.1% |
| South Carolina | 2 | 2.1% |
| Michigan | 2 | 2.1% |
| Louisiana | 2 | 2.1% |
| Minnesota | 1 | 1.1% |
| Oklahoma | 1 | 1.1% |
| Missouri | 1 | 1.1% |
| District of Columbia | 1 | 1.1% |
| New Mexico | 1 | 1.1% |
| Virginia | 1 | 1.1% |
| Ohio | 1 | 1.1% |
| Alaska | 1 | 1.1% |
| Tennessee | 1 | 1.1% |
| Nevada | 1 | 1.1% |
| Indiana | 1 | 1.1% |
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