NewBank in SBA data

NewBank has 704 loans listed in SBA's records for the FY2017 to FY2026 window, with $739.7 million in gross approvals. Every one is SBA 7(a); none is SBA 504. SBA files NewBank under NY. The figures are SBA's, covering loans the lender holds now or held last, and the guarantee stays with SBA. No policy of the holder is described here.

Restaurants and grocery stores

Only 263 of the 704 loans lack a named class. The full-service restaurant dominates the rest with 153 loans, grocery stores follow at 107, the limited-service restaurant and the liquor store each have 46 and hotels and motels 31. New York carries 472 loans and New Jersey 209, with Colorado at 9 and Connecticut at 7.

Outcomes in SBA data

Cancelled after approval, FY2017 through FY2024: 33.0% minimum, 33.0% maximum, undisbursed loans included. Of the 336 loans disbursed in FY2017 through FY2021, 5.4% have gone to charge-off at minimum. The five-year charge-off rate is suppressed under our own reporting rule, since too few loans support it; and nothing about it means zero. Both rates cover 336 loans that may yet fail.

Reading the record before a study

Grocery is unusual among the named classes, and 107 loans make it a real reference. A grocery study has to test basket size, shrink, the margin on perishables and the trade area, then show that rent against thin margins leaves room for debt service and that an appraiser can support the value of the store. A full-service restaurant study turns on sales per seat and occupancy cost. A hotel study needs what rooms earn against what they cost. Because roughly one in three approvals fell away, a good study should also leave a margin of time and cost between approval and closing. The record sits almost wholly in New York and New Jersey, so a project elsewhere has to explain its relevance.

A 33.0% floor in context

A cancellation floor of 33.0% means that at least one approval in three did not go on to funding, according to SBA's data for FY2017 through FY2024. The page offers no cause, and none should be assumed. It is a fact about 704 approvals held by this bank. For a borrower, the practical use is planning: a good study should assume the closing path is uncertain, keep costs flexible, and show that the project can wait.

SBA loans held by NewBank

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	704
Gross dollars approved	$739.7 million
SBA 7(a) loans	704
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	33.0%
The same, counting loans still undisbursed as cancelled (a ceiling)	33.0%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	5.4%
Charged off within five years of approval	withheld
Loans in that cohort	336

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	263
Full-service restaurant	153
Grocery store	107
Limited-service restaurant	46
Liquor store	46
Hotel and motel	31
Gas station and truck stop	11
Rehabilitation and therapy clinic	8
Coffee shop and snack bar	8
Dental office	6
Medical office (physicians)	5
Fitness center	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
New York	472
New Jersey	209
Colorado	9
Connecticut	7

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-58203.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by NewBank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

NewBank: SBA Lending Record