|
|
A client was looking to open a new franchise location for a big restaurant chain near the University of Kentucky campus, but needed some working capital to do so. Newtek Business Lending was able to step in and deliver a loan of $424,000 to fund the new endeavor.
With the proceeds of the loan, the new franchise will be able to build-out and furnish their leased space and finance miscellaneous start-up costs. The business will also benefit from the loan proceeds as they will be able to finance the closing costs rather than use business cash.
In addition to lending, Newtek is also able to assist with:
- Merchant 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!
|
|
|
