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.

Nav's Verdict

60% Complete
Effort to Apply
30% Complete
Funding Speed
20% Complete
Repayment Terms
90% Complete


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.


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.


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.


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.

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


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