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Term Loans


Call: 1-855-763-9835 for Assistance
1-855-763-9835

Term Loans

Flexible term lending for small business owners

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.

Our 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.

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Begin your easy 48-hour pre-qualification process now!

Have questions? Ready to get started? Call now and a loan specialist will answer your questions and help you identify which product is best suited for your business’ needs.

Eligibility

  • Business must be operated for profit
  • Business must be open to all on a nondiscriminatory basis
  • Business must be located in the United States or its possessions
  • Owner(s) must be U.S. citizen(s) or have legal permission to live in the U.S.
  • Business owner must be able to demonstrate repayment ability from earnings
  • Business must not be involved in investment real estate, religion, politics, or sex

Loan Terms

  • Loans range in size from $50,000 to $10 million
  • Loan terms range from 7 years to 25 years, based on the use of proceeds
  • Owner-occupied real estate: 25 years
  • Machinery and equipment – 10-15 years
  • Business acquisitions – 10 years
  • Working capital – 7 years
  • Loans are structured without balloon payments
  • Interest rates are floating, up to 2.75 percent over prime
  • Personal guarantees are required from any owners of 20 percent or more of the business
  • Collateral includes all business assets and my also include personal assets

Use of Proceeds

  • Expand or acquire a business or franchise. Acquire 100 percent of an existing business, or pay fees to start a franchise
  • Finance business expenses (working capital). Pay salaries and vendors, purchase inventory, advertise, finance receivables, pay bookkeeping and legal fees, or rent office space
  • Purchase office or other work equipment. Purchase computers, furniture, fixtures, manufacturing equipment, and heavy machinery
  • Purchase or improve owner-occupied real estate. Purchase or construct buildings, make leasehold improvements, expand or renovate facilities, or purchase land. If purchasing, owner must occupy at least 51% of the real estate; if constructing, owner must occupy at least 67%.
  • Refinance existing business debt. Improve cash flow by reducing monthly loan payments by at least 20%.

Commercial Real Estate Term Loans

Provides financing for major fixed assets such as equipment or real estate

Our solutions help a small business purchase the assets needed to take it to the next level. Our commercial real estate program is a long-term financing tool that provides growing businesses with fixed-rate financing to acquire assets such as land, buildings, and sizeable purchases of equipment.

Size Standards

  • Net worth must not exceed $7.5 million
  • Average net income over the last 2 years must not exceed $2.5 million

Eligibility

  • Business must be operated for profit
  • Business must be open to all on a nondiscriminatory basis
  • Business must be located in the United States or its possessions
  • Owners must be U.S. citizens or have legal permission to live in the U.S.
  • Business owner must be able to demonstrate repayment ability from earnings
  • Business must not be involved in investment real estate, religion, politics, or sex
  • A representative from Newtek will work with you to determine eligibility

Loan Terms

  • Loans are structured with no balloon payments
  • At least 10% equity contribution
  • Interest rates are fixed based on current market rates
  • Loan term is based on use of proceeds
  • First mortgage: Equipment – 10 years; Real Estate – 20-25 years
  • Second mortgage: Equipment – 10 years; Real Estate – 20 years
  • Personal guarantees are required from any owners of 20% or more of the business
  • Collateral includes the real estate or machinery and equipment being financed
  • Use of proceeds
  • Purchase or renovation and expansion of owner-occupied real estate
  • Purchase of machinery and equipment
Business Lending Services
Term Loans

Term Loans

With financing from $50,000 to $10 million and reasonable collateral requirements, it’s no surprise we are the authority when it comes to non-bank lending solutions.

Merchant Cash Advance

Merchant Cash Advance

Receive advances on future credit card sales receivables and access cash now with no application fees. The Cash Advance program offers flexibility to small businesses by allowing them to use the funds as they see fit, with no collateral required!

Accounts Receivable Management

Accounts Receivable Management

Our service provides businesses with professional back-office support, resulting in reduced overhead and immediate savings.

Accounts Receivable Finance

Accounts Receivable Finance

Have receivables? Turn them into working capital. It’s one of the most convenient and flexible financing options available, allowing short-term cash flow problems to vanish! Funding ranges from $50,000 to $1.5 million. Receive funding in as little as two weeks.

Why is Newtek the solution for your funding needs?

Since 1999, Newtek has been in the business of helping small businesses thrive. Even in today’s tough economy, we’re funding small businesses with millions of dollars in financing, and helping them reinvest, pay expenses, and most importantly, succeed.

  • We’re the nation’s leading non-bank lender, specializing in end-to-end financing solutions for small businesses
  • We’ve assisted more than 100,000 small-business owners in the areas of increasing revenue, reducing expenses, and minimizing risk
  • We’re staffed with highly trained and certified professionals who specialize in helping small-business owners
  • From beginning to end, we walk you through the process; we’re in this together




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