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  Newtek Commercial Real Estate Loans

Newtek Commercial Real Estate Loans

in Commercial Mortgage from Newtek

Unaffiliated

Newtek Commercial Real Estate Loans

Unaffiliated

in Commercial Mortgage from Newtek

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Highlights
Minimum Months in Business 24
Loan Amount $1,000 - $10,000,000
Loan Term (Years) 7 - 25 years
Minimum Revenue $9,900

Newtek Commercial Real Estate Loans Review

Newtek Commercial Real Estate Loans is offered by Newtek, a financial services company founded in 1998 and based in Lake Success, NY. Newtek Commercial Real Estate Loans is available in 50 states (and Washington, DC).

Newtek Commercial Real Estate Loans FAQ

How much can you borrow via Newtek?

Newtek allows borrowers to apply for commercial mortgages with loan amounts of up to $10,000,000.

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

Newtek offers commercial mortgages with terms ranging from 7 to 25 years. 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 range of rates does Newtek offer?

Newtek offers commercial mortgages with APRs starting at 6% .

What type of guarantors does Newtek require?

  • Business

Does Newtek charge a mortgage origination fee?

Yes, Newtek may charge a loan origination fee starting at 0% of the loan amount.

What limitations does Newtek set on the purpose of the loan?

Newtek 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 are the business financing requirements for Newtek?

To apply for Newtek Commercial Real Estate Loans, the applicant needs to provide the following business document:

  • Business License
  • Business Bank Account
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Message From Newtek Commercial Real Estate Loans

We’ve assisted more than 100,000 businesses in the areas of funding, increasing revenue, reducing costs, and minimizing risk. We can often do what banks can not — including loans of up to $15 million, payback terms as long as 7 to 25 years, and dynamic solutions that combine term and lines of credit to satisfy short and long term financing needs. We help capitalize and structure the best financing for your business. Speak to a newtek lending specialist today.

Availability

  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

Origination Fee (%) Starting at 0%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 650 - 850
Guarantor(s) Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Down Payment Starting at 10%
Minimum Months in Business 24
Minimum Revenue $9,900
Verification Documents Required
  • Proof of Income
  • Proof of Insurance
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
Approval Speed 48 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR (Fixed APR) Starting at 6%
Loan Amount $1,000 - $10,000,000
Loan Term 7 - 25 years

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