About Newtek's Small Business Lending
Newtek™ business lending is distinguished for utilizing the SBA loan program program to its fullest extent. Newtek™ makes loans ranging from $25,000 to $2 million to both startup and existing small businesses nationwide. We are dedicated to serving small businesses:

• Flexible loan terms
• Competitive interested rates
• One convenient, lower monthly payment
• Reasonable collateral requirements
• Prompt and efficient customer service

Beyond a broad loan policy, Newtek offers an uncommonly efficient and personalized application process. Step-by-step, a Newtek Consultant guides the borrower by answering questions and assisting in the completion of the online loan application.

Profile
Newtek is an on-bank lender specializing in commercial loans to small to mid-size businesses. We offer loans for the purchase of commercial real estate, machinery and equipment and inventory. We can also provide loans to refinance debt, fund working capital or to make a business acquisition.

Newtek is a nationwide Preferred Lender, utilizing the SBA's 7(a) loan program to the fullest extent allowed by the regulations. Click here for a full description of our 7(a) loan program. In addition, we provide SBA 504 loans in conjunction with Certified Development Companies throughout the United States for the aqcquisition of owner-occupied commercial real estate or machinery & equipment. Click here for a full description of our 504 loan program.

Our credit underwriters will review your application and make a decision based on the information you submit with the loan application. Our underwriters value the five "C's" of credit in evaluating your loan application:

• Character addresses the integrity, management ability and credit history of the owners
• Capital refers to the asset quality, working capital, liquidity and debt structure of the company, or the initial capital injection for a startup business
• Capacity refers to the historic or projected ability of the business to repay the loan from earnings
• Collateral addresses the quantity and quality of the assets securing the loan
• Conditions refer to the loan purpose, amount and structure of the proposed debt

Some of the industries we specialize in are:

• Physicians
• Automobile dealers
• Veterinarians
• Dentists
• Daycare centers
• Restaurants
• Franchises
• Chiropractors

Benefits

We are dedicated to helping small to mid-size businesses achieve their short and long term goals for growth and profitability. Whether you are just starting your business or are ready for that next growth spurt, we are here to assist.

• One of our Business Services Specialists will assist with the completion of the On-Line Application for your business loan and answer all of your questions throughout the process.
• Your Business Services Specialists will conduct a brief pre-screen process with you to determine basic SBA eligibility and to review your credit history prior to entering any data into the On-Line Application.
• Your Business Services Specialists will only request information during the On-Line Application process that is relevant to determining compliance with SBA and Newtek credit criteria.
• Your Business Services Specialist will complete the On-Line Application with you and the process should only take about 30 minutes with a preliminary approval usually instantaneously.
• Newtek will complete all of the required SBA forms for you, using the information provided in the On-Line Application. All you need to do is review the forms for accuracy, sign and return them with copies of your business and personal financial information.
• Our underwriters are trained in reviewing business loans and will work with you and your Business Services Specialist to provide a final credit decision on your loan within 5-7 business days of receiving your completed loan package.
• Newtek is a Preferred Lender with the SBA, providing us with the ability to deliver quick credit decisions and closings.

Frequently Asked Questions

How long will it take to get my loan approved?
Once a borrower has submitted a complete loan package, an approval can usually be obtained within about 5-7 business days.

How long for disbursement?
Depending upon the complexity of the loan, the timeframe from application submission to disbursement of funds takes approximately 30-60 days.

Why should I finance my business through Newtek Business Lending?
You should finance your business with Newtek because we provide financing programs with competitive interest rates and quick funding of loan requests. We provide loans for a wide range of purposes and will work with you to find a way to approve the loan. We have a staff of dedicated professionals whose primary goal is to make our lending process customer friendly.

What's the difference between an SBA loan and a regular or conventional loan?
The purpose of an SBA Loan is to provide financing for small businesses that are unable to obtain conventional financing on reasonable terms. The SBA is able to provide longer terms than are usually available on a conventional loan. A borrower may need these terms in order to have sufficient cash flow to cover loan payments. The SBA will require similar types of financial information as are required for a conventional loan.

How long can I get to pay back my loan?
Newtek offers a wide range of years to pay back your loan. SBA loan programs are generally intended to encourage longer term small business financing, but actual loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed. However, maximum loan maturities have been established: 25 years for real estate; up to ten years for equipment (depending on the useful life of the equipment); and generally up to seven years for working capital.

What are your interest rates?
Interest rates are floating, up to 2.75% over Prime

Can I fund the purchase of a business with an SBA loan?
Yes, you can purchase a business with an SBA loan. It can be used to purchase the assets and commercial real estate of an existing business. The term of these loans is generally ten years.