NewBank
Headquartered in Flushing, NY. Analysis based on 324 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $367.1M.
Total 7(a) loans
324
Total approved
$367.1M
Average loan
$1.1M
States funded in
7
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
23.08%
Average rate
6.94%
Average term
175 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 78 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 20 |
| 812113 | Nail Salons | 15 |
| 721110 | Hotels (except Casino Hotels) and Motels | 14 |
| 722513 | Limited-Service Restaurants | 14 |
| 812310 | Coin-Operated Laundries and Drycleaners | 12 |
| 447110 | Gasoline Stations with Convenience Stores | 10 |
| 445310 | Beer, Wine, and Liquor Stores | 9 |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 |
| 445291 | Baked Goods Stores | 8 |
Top 10 states
| State | Loans |
|---|---|
| NY | 214 |
| NJ | 94 |
| CT | 6 |
| CO | 6 |
| VA | 2 |
| UT | 1 |
| AL | 1 |
Top franchise brands financed
6 franchise loans across 6 distinct brands.
| Franchise | Loans |
|---|---|
| Wingate by Wyndham | 1 |
| Ascend Hotel Collection by Cho | 1 |
| Kung Fu Tea | 1 |
| Comfort Inn by Choice Hotels/C | 1 |
| Bonchon | 1 |
| Dunkin' Donut/Baskin-Robbins C | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.