Find the best SBA Rates for your industry by searching our SBA Lender Directory

SBARates.com your ultimate directory for Small Business Administration (SBA) loans. Compare current SBA loan rates, explore approved SBA lenders, search by your industry NAICS code, and discover funding options.

SBA Loan Approvals as of 6/30/25 24
SBA Loans Total Approval Amount as of 6/30/25 $21,862,000
Average SBA Loan Size as of 6/30/25 $910,917
Average SBA Loan Rate over Prime (Prime is 7%) 1.52
NewBank (NY)

Unlock Your Financial Potential with NewBank (NY)

NewBank, headquartered in Flushing, New York, is one of the nation’s most active SBA lenders and a designated SBA Preferred Lender. Known for exceptional service to small and mid-sized businesses, especially within New York and New Jersey’s diverse business communities, NewBank delivers fast, flexible SBA-backed financing designed to help entrepreneurs invest, expand, and thrive.

Key Features of NewBank

  • Comprehensive Business Banking
    Full-service business checking, savings, treasury management, merchant services, and digital banking tools that simplify daily financial operations.

  • SBA Loan Expertise
    As an SBA Preferred Lender, NewBank offers SBA 7(a), 504, and SBA Express loans — providing long-term, low-down-payment financing for commercial real estate, equipment, working capital, or business acquisitions.

  • Fast, Local Decision-Making
    SBA Preferred Lender status allows NewBank to process and approve loans in-house, reducing delays and delivering smoother, faster approvals.

  • Experienced SBA Lending Team
    NewBank’s SBA specialists provide personalized guidance at every step, ensuring clear communication and efficient loan structuring.

  • Deep Community Focus
    NewBank is well-known for supporting immigrant-owned, minority-owned, and family-owned businesses across the New York metropolitan area.

Why Choose NewBank for SBA Loans?

NewBank is consistently ranked among the top SBA lenders nationwide for both loan volume and customer satisfaction. Its blend of SBA expertise, speed, and culturally inclusive service makes it a trusted partner for entrepreneurs needing reliable capital. Whether you’re purchasing a building, expanding operations, refinancing debt, or acquiring a business, NewBank delivers competitive terms with the personalized touch of a community-focused institution.

How to Get Started

Ready to grow your business with an SBA loan or other financing solution? Visit the
NewBank SBA Lending page to explore available programs, review eligibility, and connect with an SBA lending expert.

Empower your financial future today with NewBank — where New York’s entrepreneurs and business owners find trusted financial partners for long-term stability and success.

Similar Financial Institutions in category

Stone Bank (AR)

Stone Bank (AR)

Stone Bank offers a full range of banking services including checking, savings and more. We also specialize in Government-Guaranteed loans. (833) 253-2265

Average SBA Loan Rate over Prime (Prime is 7%): 2.83
7a General
Existing or more than 2 years old
Fixed Rates
Bank First, N.A. (WI)

Bank First, N.A. (WI)

With a commitment to community and personalized service, Bank First is more than just a bank; it’s a financial ally dedicated to helping you achieve your goals.

Average SBA Loan Rate over Prime (Prime is 7%): 0.41
7a General
Change of Ownership
Existing or more than 2 years old
Bank of Hope (CA)

Bank of Hope (CA)

Bank of Hope has been providing financial services to the largest Korean-American community in the country for 40 years for Banking, Mortgage, Checking, Credit Cards and more.

Average SBA Loan Rate over Prime (Prime is 7%): 1.88
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business

Industry