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Last Updated: 06/21/2025

Newtek Small Business Loans

from Newtek

Last Updated: 06/21/2025

Newtek Small Business Loans logo
Rating not yet determined1 total votes
1 users don't recommend

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Highlights

Amount Range

$10,000 - $100,000

APR (Fixed APR)

N/A

Loan Term (Months)

Up to 300
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Newtek Small Business Loans Review

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

Newtek Small business finance FAQ

What are Newtek Small business finance rates?

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

Does Newtek Small business finance charge an origination fee?

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

Does Newtek Small business finance charge prepayment fees?

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

How much can you borrow from Newtek Small business finance?

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

What is the maximum business loan term you can get with Newtek Small business finance?

Newtek Small business finance offers small 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 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.
Applicants with a credit score of at least 640 and up to 850 may be eligible for Newtek Small Business Loans.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Newtek Small Business Loans.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Proof of insurance

Does Newtek perform a hard credit pull?

Yes, Newtek Small business finance performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1981 Marcus Ave
Suite 130
Lake Success, NY 11042
Visit Site
Email Support

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Newtek Small Business Loans Community Reviews

Would you recommend Newtek Small Business Loans to your friends?

U

Anonymous

Apr 24, 2020

May or may not recommend

There is a nice website, with an e-mail and phone number for the loan officer. However, our calls and e-mails have been totally ignored for 3 days now.

Showing 1 of 1 reviews

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