Newtek Small Business Finance approved 2,762 SBA loans worth $1.7B between October 2021 and June 2026, ranking #18 of 2,283 SBA lenders nationally by loan count. Its median loan was $275,000, and 24% went to startups or businesses under two years old. It lent in 51 states, most often in California, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 385 | $269.6M | $315,000 | #23 |
| Florida | 364 | $223.5M | $300,000 | #16 |
| Texas | 248 | $177.9M | $298,500 | #20 |
| New York | 205 | $114.6M | $250,000 | #18 |
| New Jersey | 111 | $80.0M | $250,000 | #20 |
| Georgia | 104 | $66.7M | $271,500 | #23 |
| Pennsylvania | 93 | $56.7M | $225,000 | #29 |
| Virginia | 85 | $38.7M | $150,000 | #16 |
| Illinois | 75 | $44.4M | $250,200 | #29 |
| North Carolina | 75 | $44.6M | $350,000 | #26 |
| Michigan | 71 | $43.0M | $252,000 | #22 |
| Colorado | 68 | $33.4M | $298,050 | #27 |
| Nevada | 64 | $34.8M | $336,500 | #15 |
| Arizona | 57 | $32.9M | $320,000 | #28 |
| South Carolina | 53 | $21.3M | $150,000 | #18 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 347 | $350,000 | |
| Restaurants and hotels | 342 | $290,000 | |
| Retail | 334 | $239,400 | |
| Professional and technical services | 310 | $210,000 | |
| Other services (repair, personal care) | 261 | $172,000 | |
| Health care and social assistance | 258 | $296,000 | |
| Manufacturing | 177 | $355,000 | |
| Wholesale trade | 155 | $350,000 | |
| Administrative and support services | 138 | $250,000 | |
| Arts, entertainment and recreation | 127 | $292,000 |