Newtek Small Business Finance, Inc.
Headquartered in LAKE SUCCESS, NY. Analysis based on 4,443 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $2.90B.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Newtek Small Business Finance, Inc. ranks #15 by charge-off rate (0.54%).
Total 7(a) loans
4,443
Total approved
$2.90B
Average loan
$652K
States funded in
52
Charge-off rate
0.54%
FY2020–FY2023 cohort
Paid-in-full rate
17.22%
Average rate
7.72%
Average term
144 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 224 |
| 722513 | Limited-Service Restaurants | 128 |
| 713940 | Fitness and Recreational Sports Centers | 100 |
| 812112 | Beauty Salons | 86 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 75 |
| 624410 | Child Day Care Services | 70 |
| 236118 | Residential Remodelers | 68 |
| 811111 | General Automotive Repair | 68 |
| 561730 | Landscaping Services | 66 |
| 541990 | All Other Professional, Scientific, and Technical Services | 65 |
Top 10 states
| State | Loans |
|---|---|
| CA | 597 |
| FL | 549 |
| TX | 402 |
| NY | 331 |
| NJ | 177 |
| GA | 164 |
| PA | 142 |
| VA | 136 |
| IL | 130 |
| NC | 128 |
Top franchise brands financed
379 franchise loans across 233 distinct brands.
| Franchise | Loans |
|---|---|
| Hotworx | 17 |
| AAMCO Transmissions | 14 |
| F45 Training | 7 |
| True Value Company LLC - Membe | 7 |
| Charleys Philly Steaks | 6 |
| WaterStation | 6 |
| Subway | 5 |
| Signarama | 5 |
| Premier Martial Arts Studio | 5 |
| QC Kinetix | 4 |
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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.