NewtekOne Launches Seven Day Business Loan Up to $350,000
NewtekOne announced that its bank subsidiary, Newtek Bank, National Association, launched the Newtek Seven Day Business Loan: business loans of up to $350,000 funded to approved borrowers within seven days of a complete loan application. "The Newtek Seven Day Business Loan is structured over a ten-year repayment period, with no balloon payment risk, and a total borrowing cost - including interest and fees - that we believe is materially more favorable than other quick funding alternatives such as merchant cash advance," the company said.
