Background: Flooring company needed to refinance existing high interest debt and secure funding to open retail location.

Solution: Newtek was able to secure a 25-year term loan of $3,985,000.

Result: The flooring company was able to refinance their existing debts, increasing the cashflow, and allowing them to open a new retail location. This gave them the ability to take on more jobs and increase revenue.

Background: Daycare facility sought funds to open an additional location and increase working capital.

Solution: Newtek was able to provide $355,000 on a 10-year term with no pre-payment penalties.

Result: The Daycare facility was able to purchase their new facility, while using the left-over funds as working capital to ensure normal business operation was not interrupted.