Newtek Bank, National Association: SBA business acquisition lending record
Newtek Bank, National Association (home state FL) approved 159 SBA 7(a) loans to buy existing businesses since FY2018, totaling $95.7M. The median loan was $275,000. It ranks number 61 of 280 lenders by count and made 0.3% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $125,000 and $627,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (19% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 9,222 SBA 7(a) loans of any purpose since FY2020, totaling $3.4B. 84% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
Newtek Bank, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 36 | $39M | $641,500 | |
| FY2024 | 12 | $9M | $212,500 | |
| FY2025 | 30 | $23M | $371,500 | |
| FY2026 | 81 | $24.7M | $185,000 |
How often do these acquisition loans fail?
Fewer than 20 Newtek Bank, National Association acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 31 | 19.5% | $23.3M | |
| 2 | Texas | 16 | 10.1% | $12.1M | |
| 3 | California | 16 | 10.1% | $6.5M | |
| 4 | New Jersey | 9 | 5.7% | $2.3M | |
| 5 | Michigan | 8 | 5.0% | $3.9M | |
| 6 | Georgia | 7 | 4.4% | $6.6M | |
| 7 | Maryland | 7 | 4.4% | $5.9M | |
| 8 | Illinois | 7 | 4.4% | $1.7M | |
| 9 | North Carolina | 6 | 3.8% | $4.5M | |
| 10 | Massachusetts | 6 | 3.8% | $3M | |
| 11 | New York | 5 | 3.1% | $2.8M | |
| 12 | Arizona | 5 | 3.1% | $1.2M | |
| 13 | Colorado | 4 | 2.5% | $1.2M | |
| 14 | District of Columbia | 3 | 1.9% | $2.1M | |
| 15 | Virginia | 3 | 1.9% | $875K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 13 | 8.2% | $3.6M | |
| 2 | Limited-Service Restaurants | 12 | 7.5% | $3.9M | |
| 3 | Snack and Nonalcoholic Beverage Bars | 10 | 6.3% | $1.9M | |
| 4 | Pet Care (except Veterinary) Services | 6 | 3.8% | $1.4M | |
| 5 | Fitness and Recreational Sports Centers | 5 | 3.1% | $1.2M | |
| 6 | Offices of All Other Miscellaneous Health Practitioners | 4 | 2.5% | $5.4M | |
| 7 | Other Personal Care Services | 4 | 2.5% | $1.5M | |
| 8 | Janitorial Services | 4 | 2.5% | $1.1M | |
| 9 | All Other Miscellaneous Retailers | 3 | 1.9% | $4.3M | |
| 10 | Beer, Wine, and Liquor Retailers | 3 | 1.9% | $1.7M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Dickey's Barbecue Pit | 3 | 1.9% | $600K | |
| 2 | Ford Motor Company | 1 | 0.6% | $2M | |
| 3 | Rocky Mountain Chocolate Factory | 1 | 0.6% | $825K | |
| 4 | AAMCO Transmissions and Total Car Care | 1 | 0.6% | $700K | |
| 5 | Cold Stone Creamery | 1 | 0.6% | $300K | |
| 6 | Meineke Car Care Center | 1 | 0.6% | $288K | |
| 7 | Nekter Juice Bar | 1 | 0.6% | $275K | |
| 8 | FASTSIGNS | 1 | 0.6% | $100K |
Questions buyers ask
Does Newtek Bank, National Association make SBA acquisition loans?
Yes. Newtek Bank, National Association approved 159 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 61 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Newtek Bank, National Association's acquisition loans?
The median was $275,000, with the middle half between $125,000 and $627,000. The national median is $645,250, so this lender's typical loan is 57% lower than the national figure.
Which states does Newtek Bank, National Association lend in?
Florida (31), Texas (16), California (16), New Jersey (9), Michigan (8), Georgia (7). Its loans span at least 15 states.
Which industries does Newtek Bank, National Association finance?
Full-Service Restaurants (13), Limited-Service Restaurants (12), Snack and Nonalcoholic Beverage Bars (10), Pet Care (except Veterinary) Services (6), Fitness and Recreational Sports Centers (5). The top industry is 8% of its acquisition loans.
How have Newtek Bank, National Association's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Florida acquisitions
- Texas acquisitions
- California acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- Snack and Nonalcoholic Beverage Bars
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Newtek Bank, National Association.