Newtek Bank, National Association
Headquartered in Miami, FL. Analysis based on 10,594 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $4.88B.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Newtek Bank, National Association ranks #3 by charge-off rate (0.00%).
Total 7(a) loans
10,594
Total approved
$4.88B
Average loan
$460K
States funded in
51
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
7.45%
Average rate
11.47%
Average term
126 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 536 |
| 811111 | General Automotive Repair | 304 |
| 541611 | Administrative Management and General Management Consulting Services | 299 |
| 722513 | Limited-Service Restaurants | 260 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 246 |
| 713940 | Fitness and Recreational Sports Centers | 228 |
| 541511 | Custom Computer Programming Services | 204 |
| 812112 | Beauty Salons | 170 |
| 812199 | Other Personal Care Services | 162 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 148 |
Top 10 states
| State | Loans |
|---|---|
| CA | 1,581 |
| FL | 1,452 |
| TX | 1,023 |
| NY | 687 |
| GA | 494 |
| NJ | 355 |
| IL | 312 |
| CO | 307 |
| PA | 285 |
| VA | 274 |
Top franchise brands financed
159 franchise loans across 127 distinct brands.
| Franchise | Loans |
|---|---|
| Subway | 4 |
| The UPS Store (f/k/a Mail Box | 4 |
| Kanga's Indoor Playcenters | 3 |
| Huntington Learning Center | 3 |
| Pirtek | 3 |
| Paris Baguette | 3 |
| Vitality Bowls | 2 |
| Crispy Cones | 2 |
| Sugaring NYC | 2 |
| American Family Care/AFC Urgen | 2 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.