Newtek Business Finance Solutions
My name is George Amanzio and I am your new point of contact for Newtek Business Services Corp.

The U.S. Government has put many measures in place to support small businesses during the pandemic. While most of the focus has been on PPP, I don't want your clients to miss out on other valuable incentives from the SBA for 7(a) loans.

Loans that receive an SBA E-Tran number by September 30, 2021 are eligible for:
  • Guaranty Fees waived
  • Three months of principal and interest (P&I) payments paid by the SBA ($27,000 max benefit)

The savings to borrowers could be considerable.

Loan: $250K
Guaranty Fee: $5,625
Loan $1 million
Guaranty Fee: $26,250
Loan: $5 million
Guaranty Fee: $138,125

Add in the three months of P&I from the SBA and that's a significant amount of money staying with the business. This is a great option for any clients and prospects with business or commercial real estate financing needs – including those who received PPP loans.

By referring them to Newtek, they get the added benefits of:
  • Loans from $50K
  • 10-25 year amortization schedules
  • Higher advance rates than banks
  • No bank loan covenants

Submit Loan Referral
I also welcome the opportunity to talk with you to formally introduce myself and learn more about how we can work together. Call me at the number below or let me know your availability and I'll set something up on our calendars.

Regards,

George
Contact:
George A. Amanzio
Regional Vice President - Institutional Relationship Manager
Phone: 212-356-9534
Email: GAmanzio@newtekone.com