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Newtek Small Business Finance, Inc.

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Description

Specializing in providing small business financing solutions, this lender offers a range of SBA loan programs to support business growth and development. With a focus on the 7(a) loan program, they assist entrepreneurs in securing funding for various needs such as working capital, equipment, and real estate purchases. Their experienced team guides clients through the application process, ensuring tailored financial solutions that meet specific business requirements. The lender’s commitment to customer service and flexible lending options make them a reliable partner for small businesses seeking capital. Located in Lake Success, NY, they serve a broad geographic area, helping businesses access the funds they need to expand and succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
1.7
Google Review Count
33
Question 1
What is this place and what can I find here?
Answer 1
This is a small business lender offering SBA loan programs, including the 7(a) loan, to help entrepreneurs secure funding for growth and development needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment, but walk-ins are also welcome during business hours for consultations and application support.
Question 3
What are the hours of operation?
Answer 3
The office is open Monday through Friday from 9:00 AM to 5:00 PM, with additional appointment options available outside these hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access their services; however, standard SBA loan fees and interest rates apply based on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender serves small businesses nationwide, regardless of residency, as long as the business meets their lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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