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A restaurateur based in NYC was interested in opening a new location of his upscale Mexican restaurant in Connecticut and sought capital to perform leasehold improvements to the building. Since he had used Newtek for a loan in the past and was satisfied with our service, he reached out for
further assistance in his new venture.
Newtek was able to provide $1,095,000 in funding with a term of 25 years, keeping the borrowers
monthly payments low. The borrower was able to start the renovations with the capital provided and
used the additional funding as working capital for various other expenses he anticipates encountering
as he moves forward with the opening of the restaurant.
In addition to business lending, Newtek is also able to assist with:
- Payment Processing
- Payroll & Benefits
- Managed Technology
- Website Design & Hosting
- Insurance, Personal & Commercial
Please reach out to Adam Altman to learn more about what Newtek can do for your business or business clients!
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