NewBank
NY
SBA-approved lender offering 7 loan programs across 9 industries.
Key Metrics
Interest Rate
8.27%
1.52% over prime
Average Loan
$901K
Per approval
Total Approvals
29
FY 2025
Loan Programs (7)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
7a General
International Trade Loans
Industries Served (9)
All Other Amusement and Recreation IndustriesAll Other Specialty Trade ContractorsBeauty SalonsCoin-Operated Laundries and DrycleanersDrycleaning and Laundry Services (except Coin-Operated)Full-Service RestaurantsOffices of Physical, Occupational and Speech Therapists, and AudiologiOther Building Finishing ContractorsSecurity Systems Services (except Locksmiths)
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.52%
- Effective Rate
- 8.27%
- Fiscal Year
- 2025
- States Served
- NY
- Website
- www.newbankusa.com
Ready to apply with NewBank?
Let Cassian help you prepare your application and connect you with the right loan officer.