I hope this message finds you well.
2020 has been quite a year. From wildfires, to the pandemic, to the subsequent economic downturn, this year has been a test of our country’s fortitude and resilience.
A major bright spot was the success of our partnership in providing PPP loans to business owners in need. With the support of you and your UBS colleagues, Newtek was able to:
- Close and fund loans for 1,781 UBS clients with businesses
- Secure over $304 million in loan funds for these businesses
In addition, we were able to fund numerous non-PPP loans for UBS clients including the ones below. |
| $3,000,000 – 25-Year Term Loan
- IT Services Company -
Debt Refinance |
$250,000 – 10-Year Term Loan
- Pet Care Wholesaler -
Business Acquisition |
| $2,000,000 – 25 -Year Term Loan
- Automotive Repair Shop -
Working Capital |
$400,000 – 25 -Year Term Loan
- Assisted Living Facility -
Debt Refinance & Working Capital |
With the promise of a COVID vaccine on the horizon, and the hope of the economic recovery that should bring, Newtek remains committed to providing financing solutions to help your business clients compete, grow and thrive. Whether they can benefit from consolidating and refinancing current debt or are acquiring new funds, we are ready to support their needs.
Thank you again for all of your support. We are grateful for this partnership and don’t take it for granted.
All the best to you and your family this holiday season.
Chris |
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