I hope this message finds you well.
2020 has been quite a year. From wildfires, to the pandemic, to the subsequent economic downturn, this year has been a test of our country’s fortitude and resilience.
A major bright spot was the success of our partnership in providing PPP loans to business owners in need. With the support of you and your Morgan Stanley colleagues, Newtek was able to:
- Close and fund loans for 849 Morgan Stanley clients with businesses
- Secure over $100 million in loan funds for these businesses
In addition, we were able to fund numerous non-PPP loans for Morgan Stanley clients including the ones below. |
| $1,170,000 – 10-Year Term Loan
- Aviation Consulting Agency -
Working Capital |
$1,900,000 – 25-Year Term Loan
- Used Car Dealership -
Equipment Financing & Working Capital |
| $180,000 – 10-Year Term Loan
- Parasailing Company -
Equipment Financing |
$50,000 – 10-Year Term Loan
- Boutique Tax & Accounting Firm -
Equipment Purchase & Working Capital |
With the arrival of the COVID vaccine, and the hope of the economic recovery that should bring, Newtek remains committed to providing financing solutions to help your business clients compete, grow and thrive. Whether they can benefit from consolidating and refinancing current debt or are acquiring new funds, we are ready to support their needs.
Thank you again for all of your support. We are grateful for this partnership and don’t take it for granted.
All the best to you and your family this holiday season.
Adam |
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