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Newtek Small Business Finance, Inc.

LAKE SUCCESS, NY 11042

⭐ SBA Preferred Lender
4,443
Loans Approved
$2.9B
Total Volume
$652K
Avg Loan Size
52
States Served

States Served

AlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington D.C.DelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaPRRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming

Top Industries Financed

  • Full-Service Restaurants
  • Limited-Service Restaurants
  • Fitness and Recreational Sports Centers
  • Beauty Salons
  • Snack and Nonalcoholic Beverage Bars

Quick Summary

Newtek Small Business Finance, Inc. is an SBA-approved lender headquartered in LAKE SUCCESS, New York. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 4,443 SBA 7(a) loans totaling $2.9B, with an average loan size of $652K. They serve businesses across 52 states.

About Newtek Small Business Finance, Inc.

Newtek Small Business Finance, Inc. is an SBA-approved lender headquartered in LAKE SUCCESS, New York. Since 2020, they have approved 4,443 SBA 7(a) loans totaling $2.9B, with an average loan size of $652K. 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 52 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Newtek Small Business Finance, Inc. an SBA Preferred Lender?

Yes, Newtek Small Business Finance, Inc. 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 Small Business Finance, Inc. approved?

According to SBA FOIA public records, Newtek Small Business Finance, Inc. has approved 4,443 SBA 7(a) loans totaling $2.9B since 2020. Their average loan size is $652K.

What states does Newtek Small Business Finance, Inc. serve?

Newtek Small Business Finance, Inc. serves businesses in 52 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, PR, 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 Small Business Finance, Inc.?

To apply for an SBA 7(a) loan with Newtek Small Business Finance, Inc., 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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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days