NewtekOne: Finance Your Business on Your TermsIn today’s environment, small business owners across the country are faced with many of the same questions about their operations and finances:
- Is my cash flow suffering due to an economic downturn?
- Am I having a problem with cash flow due to inflation and rising expenses?
- Am I having a problem with cash flow due to increases in interest rates?
- Do I need more working capital immediately for my business?
- Do I need funds to rehabilitate, reposition, purchase real estate, or grow my business?
- Is my bank pushing me to refinance?
NewtekOne, a publicly traded solutions company built to power business growth, offers a range of unique financing options to help small businesses thrive. With over 20 years of experience tailoring their solutions to companies of all sizes, NewtekOne is a leading provider of small business lending, offering expert guidance and support every step of the way.
Many business owners have experienced the ease and speed of NewtekOne’s personalized solutions, and you could be next. Here’s an overview of NewtekOne’s small business lending services and why they’re your ideal partner for taking your enterprise to the next level.
Term Loans – Lump Sums of Cash When You Need It MostA popular financing option for small business owners, NewtekOne's term loans provide a reliable and affordable way to fund enterprise operations.
These loans offer fixed interest rates and predictable monthly payments, allowing businesses to seamlessly budget and plan for their expenses. With payback terms ranging from 10 to 25 years, businesses can choose the repayment schedule that best aligns with their cash flow needs. The loan amounts range from $1,000 to $15 million, providing ample capital to fuel growth and expansion.
One of the biggest benefits of NewtekOne's term loans is the speed and ease of the application process. Business owners can complete the application online and receive a decision within 24 hours, with funding available in as little as one week. This allows businesses to quickly access the capital they need to seize new opportunities and stay competitive in their industries.
Other key benefits include:
- Greater proceeds than conventional bank financing
- Zero restrictive loan covenants
- No balloon payments so you can plan ahead with confidence
- No prepayment penalties
- Dedicated lending specialist
Should You Apply for a Term Loan?Term loans are an excellent financing option for business owners who need funds now. By gaining quick access to a lump sum of cash, business owners can make much larger purchases and investments (e.g., real estate, human resources, equipment, and inventory). Additionally, the fixed interest rate and predictable repayment schedule make term loans easier to pay off and establish a positive credit history.
Today’s climate of rising costs and ongoing inflation increases the likelihood of unexpected business expenses — which makes a reliable source of working capital a must-have to achieve success.
With NewtekOne’s term loan solutions, you’ll receive the financing your business needs to fund your growth and stay competitive in your industry.
Get started today by completing a Newtek Lending Application here.
Lines of Credit – Funding Available On DemandA line of credit (LOC) is a form of asset-based financing designed to solve a business owner’s short-term capital needs, helping them meet payroll, pay taxes, and cover other operational expenses.
NewtekOne’s LOC solutions can be backed either by accounts receivable or inventory.
LOCs backed by accounts receivable allow business owners to borrow money against their outstanding customer invoices. NewtekOne’s accounts receivable lines supply cash for invoices due 30, 60, or even 90 days out, and they’re perfect for businesses with a high volume of invoices or long payment cycles.
In contrast, LOCs backed by inventory let business owners borrow money against the value of their inventory (typically a percentage of total value). NewtekOne qualifies most of a company’s non-perishable inventory to maximize loan value. Additionally, all inventory lines of credit have renewable one-year terms with up to a 50% advance rate.
Key benefits of NewtekOne’s lines of credit include:
- Lines from $50,000 to $5,000,000
- Competitive interest rates
- White-glove service from a financing specialist
- Flexible and blended solution options
- Optimal funding that cuts costs and minimizes risks
Why Should You Apply for a Line of Credit?Lines of credit are a valuable source of capital for business owners to manage cash flow on an as-needed basis. Essentially, lines of credit provide a financial safety net by providing short-term funding to counter unexpected expenses and revenue shortfalls. Like term loans, lines of credit can also help businesses grow a positive credit history by making regular, on-time payments and demonstrating their ability to manage debt effectively.
If you want flexible terms, adjustable rates, and the peace of mind knowing you have the funds to support operational costs, then a line of credit is the lending option for you.
Ready to get started? Click here to begin your Newtek Lending Application.
Choose NewtekOne for Your Business Lending NeedsWhether you require immediate access to working capital or an ongoing stream of funds available on demand, NewtekOne is ready to tailor their unique lending services to help you achieve your goals and improve your bottom line.
Click here to start the process today.