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Newtek Lends UBS Client $4.8MM
A junior partner of a family-owned entertainment center business located in New Mexico needed funding to help them branch out and open a state-of-the-art multiplex cinema on their own in Oklahoma.
Their Newtek Lending Specialist provided personalized, hands-on assistance, guiding the borrower through each stage of the lending process, and structured the best loan to match their financial needs.
With the $4,812,000 loan, they were able to:
- Secure ownership of a high-traffic location
- Make extensive improvements to the building
- Install high-end furnishings
- Purchase the latest cinematic equipment to enhance operational efficiency
- Run the day-to-day operations smoothly with additional working capital
Newtek met their multiple capital needs in a single loan without balloon payments or restrictive loan covenants. Additionally, the longer term of a 25-year loan amortization schedule ensures capital stability and maximizes cash flow for business operations.
How can Newtek Lending help your clients do more? Please click below or log in to NewTracker at www.newtekreferrals.com to submit a referral today.
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