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NewBank

Flushing, NY 11354

⭐ SBA Preferred Lender
324
Loans Approved
$367.1M
Total Volume
$1.1M
Avg Loan Size
7
States Served

States Served

AlabamaColoradoConnecticutNew JerseyNew YorkUtahVirginia

Top Industries Financed

  • Full-Service Restaurants
  • Supermarkets and Other Grocery (except Convenience) Stores
  • Nail Salons
  • Limited-Service Restaurants
  • Hotels (except Casino Hotels) and Motels

About NewBank

NewBank is an SBA-approved lender headquartered in Flushing, New York. Since 2020, they have approved 324 SBA 7(a) loans totaling $367.1M, with an average loan size of $1.1M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 7 states.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days