Newtek®

Up to $15 Million available

Newtek is a direct lender and financial solutions provider. They offer financing solutions from $10k to $15 million. They're pre-qualification turn around time is 48 hrs. Do not apply for funding unless your business is generating $15k+ in monthly revenue.

Business Credit Funding Solutions Available:

Business Term Loans

  • $10k to $15 million
  • 7 - 25 year terms

Requirements

  • U.S. based business that operates for profit
  • Existing business with 2-3 yr tax returns
  • Business with repayment ability from earnings

Asset-Based Financing

Revolving Lines of Credit (Accounts Receivable)

  • Lines from $50k - $3 million
  • Get cash now from invoices due 30,60 or 90 days out
  • Up to 80% advance rate renewable 1 year term

Revolving Lines of Credit (Inventory)

  • Lines from $50k - $500k
  • Most non-perishable inventory qualified
  • Up to 50% advance rate renewable 1 year term

CLICK HERE to apply

  • 1

    Remember - Bank & Lender Relationships

    At level 3 you should already have 10+ tradelines reporting from Level 1 and Level 2 combined. At level 3 it's key to establish multiple bank and lender relationships by maximizing your funding potential.

  • 2

    Tip - Leverage Newly Established Lending Relationships

    When you get a business line of credit it’s important to use that account on a periodic basis. Wait at least 6 months before requesting a credit limit increase or applying for a new funding product offered by a lender you have an existing business credit line with.

  • 3

    Tip - Payment Activity

    Always pay your bill on or ahead of the due date. Paying better than terms is ideal since this can improve your credit rating even more. Plus, a lender will always review your existing account history when you apply for more business credit or business loan with them.