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Newtek Bank, National Association

Miami, FL 33131

⭐ SBA Preferred Lender
10,594
Loans Approved
$4.9B
Total Volume
$460K
Avg Loan Size
51
States Served

Quick Summary

Newtek Bank, National Association is an SBA-approved lender headquartered in Miami, Florida. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 10,594 SBA 7(a) loans totaling $4.9B, with an average loan size of $460K. They serve businesses across 51 states.

About Newtek Bank, National Association

Newtek Bank, National Association is an SBA-approved lender headquartered in Miami, Florida. Since 2020, they have approved 10,594 SBA 7(a) loans totaling $4.9B, with an average loan size of $460K. 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 51 states.

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Frequently Asked Questions

Is Newtek Bank, National Association an SBA Preferred Lender?

Yes, Newtek Bank, National Association is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Newtek Bank, National Association approved?

According to SBA FOIA public records, Newtek Bank, National Association has approved 10,594 SBA 7(a) loans totaling $4.9B since 2020. Their average loan size is $460K.

What states does Newtek Bank, National Association serve?

Newtek Bank, National Association serves businesses in 51 states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming.

How do I apply for an SBA loan with Newtek Bank, National Association?

To apply for an SBA 7(a) loan with Newtek Bank, National Association, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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