Revolving Lines of Credit

Newtek provides financing solutions that meet a business’ short-term cash-flow needs. Our Secure Line of Credit is distinguished by its flexible facilities, ranging in size from $50,000 to $3,000,000. Funds may be used to satisfy a range of business needs, including:

• Working capital purposes
• Meet payroll needs
• Take advantage of trade discounts
• Extend credit to customers
• Fuel business growth
• Pay taxes

Services

Lines of Credit Secured by Receivables:

• Lines from $50,000 to $3,000,000
• Get cash now for invoices due 30, 60, or 90 days out
• Up to 80 percent advance rate, renewable 1-year term

Why Asset-Based Financing?

• More flexibility than a traditional loan
• Less rigorous underwriting and quicker turnaround time compared with conventional financing
• Receive your funds in two weeks or less
• Use funding for working capital, meeting payroll, pay taxes, or other operational needs
• Competitive interest rates