Dear Valued Client,

At the end of last week the SBA finally gave us definitive guidance on loan forgiveness. We are hopeful and have our fingers crossed and clearly assume this guidance will not change. We have also been instructed to begin to contact our clients over the course of the near future to begin the forgiveness process. It is important to note there is no immediate rush to obtain forgiveness and we will be contacting you over the next 2 weeks through our secure file vault and portal, and through email.

For those borrowers who have a loan with a balance of less than $50,000, we have placed a document in the portal for you to follow that illuminates a new form and a path to forgiveness. We will be emailing you in orderly fashion over the course of the next 1-3 weeks to process your loan forgiveness expeditiously. If you have any questions please contact your Newtek representative or send an email info@newtekone.com.

Sincerely,

Newtek Small Business Finance