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Show Me the Money: Financing Strategies for Small Business Business Matchmaking Event, Houston December 10, 2003 PowerPoint Presentation
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Show Me the Money: Financing Strategies for Small Business Business Matchmaking Event, Houston December 10, 2003 - PowerPoint PPT Presentation


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Show Me the Money: Financing Strategies for Small Business Business Matchmaking Event, Houston December 10, 2003. Newtek Small Business Finance. A non-bank lender specializing in issuing SBA loans in all 50 states. Exclusively focused on lending to small businesses.

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Presentation Transcript
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Show Me the Money:

Financing Strategies for Small Business

Business Matchmaking Event, Houston

December 10, 2003

newtek small business finance
Newtek Small Business Finance
  • A non-bank lender specializing in issuing SBA loans in all 50 states.
  • Exclusively focused on lending to small businesses.
  • Open to lending in all business categories allowable under SBA policy.
  • One-of-a-kind online loan application with quick pre-qualification.
  • Experienced, courteous and accessible staff to provide high quality support to clients as they apply for a loan.
sba loan characteristics
SBA Loan Characteristics
  • Loan amounts up to $2 million
  • Longer amortization (7 to 25 years)
  • Reasonable collateral requirements
  • Competitive interest rates (variable rate with a spread over Prime)
  • No balloon payments
  • Will consider financing startups
  • Wide range of acceptable uses of proceeds including to purchase commercial real estate, machinery, equipment and inventory, as well as to refinance debt and fund working capital and business acquisitions
general application requirements
General Application Requirements
  • Business plan (history of business and owners)
  • Loan proposal, including detailed use of proceeds and anticipated benefits of the loan
  • Personal tax returns – each owner for the last two years
  • Business tax returns – for the last three years (if applicable)
  • Profit and loss projections
  • Current interim business financial statements
  • Description of the collateral offered as security
lender evaluation criteria
Lender Evaluation Criteria
  • Clean personal credit history for each owner
  • Clean credit history for the business
  • Ability to make monthly interest and principal payments
  • Cash injection by the borrower
  • Relevant industry experience for each owner
  • Adequacy of the collateral in relation to the loan
menu of newtek services

Small Business Lending

Electronic Payment Processing

Outsourced Bookkeeping and

Controller Services

Tax Filing, Preparation and

Advisory Services

Menu of Newtek Services