Recently, Newtek began offering business financing outside of our Term, CRE, and line of credit offerings.
With these conventional loans we are able to offer:
- Loans of up to $15 Million
- 10-25 year amortization schedules
- Fixed rate loans with single digit rates
- No financial covenants
Funds from these loans can be used for a variety of uses, including:
- Purchase owner-occupied real estate for the business
- Equipment purchases
- Technology refresh
- Working capital
- Business acquisition
- Limited construction financing available
Since the inception of this new loan program, we have already been able to provide funding for several businesses.
Food Product Manufacturer
$11.3 Million | Fashion Boutique
$10 Million |
Please reach out to me with any questions about our conventional loans and how to discuss them with your clients or prospects. I am also available to discuss any specific opportunities you might have.
Adam E. Epstein
Director - Strategic Alliances
Office: 212-273-7752
Cell: 917-743-4898
www.newtekone.com |