A Texas-based oil well servicing company needed funding to refinance high interest debt and increase working capital. Though impacted by the pandemic, the company had shown great resiliency and was ready for a bright future. After a brief online pre-qualification process, the assigned Newtek Lending Specialist guided the borrower through each step of the lending process. They not only structured the right loan to meet their financing needs, but their concierge-style service, combined with the ease of use of Newtek's Lending Portal accelerated loan approval. With the $5,000,000 loan, they were able to: Reduce their debt by $367,000 annually Pay off an existing line of credit of nearly $1MM Purchase new equipment to meet increased demand Hire additional staff The Newtek loan came with a 10-year amortization term. Thus, keeping their monthly payments low, while still giving them the option to pay off the loan early with no prepayment penalties.

A Leading Business Lender

Offering loans from $50,000 to $15 million, Newtek is a leader in the business lending space for a reason. Our Business Lending experts will determine the loan best suited to your client's needs. The benefits of borrowing through Newtek make us an ideal choice for your clients. Loan pre-qualifications in as little as 48 hours Faster closings Flexible, inclusive underwriting allows more loans to be approved and funded. All application materials prepared for the client Companies in business as few as 2 years are considered Loans with higher LTV's considered Longer amortization term than conventional loans for lower monthly payments Limited prepayment penalties No restrictive covenants More financing options Your clients and prospects are in safe hands with Newtek. Refer them to Newtek via the button below or call me at any time to discuss. Refer a Business Loan to Newtek

I am available to discuss any business lending opportunities you may have. Please reach out to me at any time. Nolan Nolan Walsh Regional Vice President (212) 273-8220 NWalsh@NewtekOne.com Products and services are provided by Newtek Business Services Corp, LLC ("Newtek"), and not by Morgan Stanley. Loan amounts and loan terms vary based on a variety of factors, including borrower eligibility, intended use of proceeds and loan collateral. Copyright Newtek Business Services Corp, 2022