SBA titan NewtekOne expands its alternative loan portfolio
Jun 23, 2025NewtekOne in Boca Raton, Florida, is leaning into a loan program it believes may one day surpass its industry-leading Small Business Administration 7(a) lending operation in size. Known for its SBA-lending prowess, Newtek, the holding company for the $1.25 billion-asset Newtek Bank, began making non-SBA loans in 2019. Small-business borrowers are attracted to the long durations — up to 25 years without balloon payments — Newtek offers through its Alternative Loan Program, but macroeconomic issues have hamstrung its development, CEO Barry Sloane told American Banker...
