SBA lender profile
NewBank
NewBank appears in the public SBA loan data with 1,581 funded 7(a) loans since FY2010, totaling $1.6B, an average of $981K per loan, and an estimated 11,538 jobs supported. Its SBA lending concentrates in New York and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 2.6%. 91.1% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 76
- Scale 95
- Activity 89
- Consistency 88
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is NewBank the right lender for you?
Lenders fund what they know. NewBank's SBA lending concentrates in New York (1,058 loans) and Accommodation and Food Services (530 loans), at an average loan of $981K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $614M
- Headquarters
- Flushing, NY
- FDIC cert
- #58203
- Status
- Active
Where NewBank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| New York | 1,058 | $1.2B |
| New Jersey | 469 | $293.5M |
| Virginia | 5 | $9.1M |
| Colorado | 10 | $8.7M |
| Washington | 5 | $8.4M |
| Connecticut | 20 | $8.2M |
Metro areas where NewBank funds
What NewBank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 530 | $578.8M |
| Retail Trade | 503 | $519.0M |
| Real Estate | 97 | $130.0M |
| Other Services | 208 | $109.4M |
| Wholesale Trade | 65 | $62.5M |
| Arts, Entertainment, Recreation | 43 | $40.6M |
NewBank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 96 | $46.3M |
| 2011 | 115 | $95.0M |
| 2012 | 114 | $94.9M |
| 2013 | 118 | $111.7M |
| 2014 | 152 | $150.6M |
| 2015 | 149 | $167.7M |
| 2016 | 136 | $146.9M |
| 2017 | 159 | $149.7M |
| 2018 | 114 | $113.3M |
| 2019 | 101 | $106.7M |
| 2020 | 60 | $63.5M |
| 2021 | 84 | $109.8M |
| 2022 | 53 | $75.1M |
| 2023 | 50 | $48.7M |
| 2024 | 42 | $39.0M |
| 2025 | 29 | $26.1M |
| 2026 | 9 | $6.4M |
Related SBA lenders
Other lenders active in New York or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
NewBank: frequently asked questions
Does NewBank offer SBA loans?
Yes. NewBank appears in the public SBA data with 1,581 funded SBA 7(a) loans totaling $1.6B.
How many SBA loans has NewBank made?
NewBank is associated with 1,581 SBA 7(a) loans totaling $1.6B in the public SBA data (as of 2026-03-31).
What is NewBank's SBA charge-off rate?
About 2.6% of NewBank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does NewBank do most of its SBA lending?
NewBank's SBA lending in the data is most concentrated in New York, and by industry in Accommodation and Food Services.
Is NewBank an SBA Preferred Lender (PLP)?
The loan record shows NewBank operating under PLP delegated authority: 1,441 of its 7(a) loans (91.1%) were processed through the Preferred Lenders Program, including 79 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). NewBank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/newbank/
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