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Stock impact report

Newtek Bank, N.A. Introduces the Newtek Seven Day Business Loan™

NewtekOne, Inc. (NEWT) 
Last newtekone, inc. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.newtekbusinessservices.com
Company Research Source: GlobeNewswire
BOCA RATON, Fla., March 10, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) (“NewtekOne”) announced that its bank subsidiary, Newtek Bank, National Association (the “Bank”), 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 (“MCA”). The Bank is using our internally developed NewTracker® loan processing system, powered by AI, to achieve turn times of seven days. As part of the underwriting process, the Bank uses AI to assist in providing financing to independent business owners using a true five Cs of credit discipline. We have developed processes that incorporate AI into the loan originat Show less Read more
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