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  Newtek Small Business Loans

Newtek Small Business Loans

in Business Loans from Newtek Small Business Loans

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Newtek Small Business Loans

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in Business Loans from Newtek Small Business Loans

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Highlights
Highlights
Loan Amount $10,000 - $100,000
APR (Fixed APR) N/A
Loan Term (Months) Up to 300

Newtek Small Business Loans Review

Where does Newtek Small Business Loans do business?

Newtek Small Business Loans is a business financing offering by Newtek Small Business Loans, a financial services company based in Lake Success, NY. Founded in 1998, Newtek Small Business Loans offers access to business loans in 50 states (and Washington, DC).

What are Newtek Small Business Loans’s rates?

Newtek Small Business Loans offers a fixed APR business financing product but they do not disclose their rates.

Does Newtek Small Business Loans charge an origination fee?

Yes, Newtek Small Business Loans charges a loan origination fee starting at 0% of the loan amount. Newtek Small Business Loans deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Newtek Small Business Loans set on the purpose of the loan?

Newtek Small Business Loans considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Inventory
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Newtek Small Business Loans offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Newtek Small Business Loans provides access to the following business loan types:

  • Unsecured term loans
  • Lines of Credit
  • Commercial Real Estate

Does Newtek Small Business Loans charge prepayment fees?

No, Newtek Small Business Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Newtek Small Business Loans?

Loan amounts start at $10,000 and go up to $100,000.

What is the maximum loan term you can get with Newtek Small Business Loans?

Newtek Small Business Loans offers business loans with a maximum term of 300 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Newtek Small Business Loans?

Applicants with a credit score of at least 640 can apply for a loan via Newtek Small Business Loans. Newtek Small Business Loans requires companies to be in business for at least 24 months. Businesses must have a minimum annual revenue of $9,900 to be considered.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Income
  • Proof of Insurance

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Contact

  • Headquarters
  •   1981 Marcus Ave
    Suite 130
    Lake Success, NY 11042 USA
  •   Visit Site

About Newtek Small Business Loans

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Origination Fee Starting at 0%
Credit Score Range 640 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 24
Minimum Revenue $9,900
Verification Documents Required
  • Proof of Income
  • Proof of Insurance
Loan Amount $10K - $100K
Loan Term (Months) Up to 300

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