SBA lending record
Babb Education
2549b Eastbluff Dr, Newport Beach, CA 92660 · Other Technical and Trade Schools. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$175K
Total SBA financing
1
Loan on record
FY2024
On record
5
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
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The loan
$175,000 — FY2024
- Gross approval
- $175,000
- SBA guaranteed
- $148,750 (85%)
- Status
- Current
- Rate at approval
- 11.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/26/2024
- First disbursement
- 4/11/2024
- Days to fund
- 16 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Newtek Bank, National Association
1 loan to this business- Total assets
- $2162.1B
- Deposits
- $1936.2B
- Loans outstanding
- $1642.2B
- Net income
- $20.2B
- Return on assets
- 4.152200415970278%
- Return on equity
- 46.2%
- Total equity
- $182.5B
- Offices
- 1
- Founded
- 04/0
- Headquarters
- 1111 Brickell Ave, Miami, FL, 33131
- FDIC cert
- 18734
- Website
Is Babb Education your business?
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Babb Education.