Long-Term Loan by Newtek

Long-Term Loan by Newtek

Procuring financing for business ventures is often challenging for small business owners. From startup phase to the expansion of your business, you may find it difficult to overcome the requirements of traditional bank loans. Newtek may be able to help. Newtek term loans offer flexibility to business owners because financing can be guaranteed for a variety of general business uses including: working capital, debt refinancing, and equipment purchases, just to name a few.

5/10

Cost
60% Complete
Low High
Effort to Apply
30% Complete
Easy Difficult
Funding Speed
20% Complete
Months Minutes
Repayment Terms
90% Complete
Months Years

Bottom Line

Because the terms are unclear, make sure you are aware of the overall cost and repayment. After these have been presented to you, you might want to make sure there are not other options that would be a better fit for your needs.

Pros

High loan amounts and lengthy repayment terms. Loans are structured without balloon payments. Newtek might be able work with your business, even if you are a startup or have below standard credit scores.

Cons

Cost and terms are not published.

Qualification requirements

Business Type

Business must be operated for profit, open to all on a non-discriminatory basis.

Business Restrictions

Business must not be involved in investment real estate, religion, politics or adult entertainment.

Location

Business must be located in the United States or its possessions and owner(s) must be a U.S. citizen(s) or have legal permission to live int he U.S.

Cost
Unknown
Repayment Duration
7 to 25 years
Funding Amount
$50,000 - $10 million
Funding Speed
48-hour pre-qualification turnaround
Application
Over the phone with a Newtek employee

Add Review

Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.

There are no reviews yet. Share your thoughts with other customers.