Newtek Business Finance Solutions is accepting 1st and 2nd round applications for PPP loans.
Newtek Business Finance Solutions was one of few lenders with early PPP access. They have already locked in thousands of loan guarantee numbers with the SBA. As the largest non-bank government guaranteed lender in America, they are ready to assist you and your clients in gaining access to this vital funding.
Below is some useful information we want to share with you.
- Your business owner clients can apply for an initial draw of PPP financing.
- Existing PPP borrowers may apply for a 2nd PPP loan.
- Loans can be used for payroll and overhead.
- Funds are available to businesses with under 300 employees, with loans calculated at 2.5 times average monthly payroll, 3.5 for select industries – maximum loan amount is $2 million.
- Businesses must demonstrate at least a 25 percent reduction in gross receipts in any quarter of 2020, including the fourth, relative to the same 2019 quarter.
Any referrals can be submitted by logging in to NewTraker: https://www.newtekreferrals.com/login.
If you do not have access to NewTracker, you can request a login by emailing: RM@newtekone.com.
I am at your disposal if you have any questions regarding the PPP loan process. Please do not hesitate to reach out.
Regards,
David
Contact:
David Karcher
Senior Vice President ISO Relationships
Direct: (212) 273-8194 or Ext. 13712
DKarcher@NewtekOne.com |
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