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”).
Original source: https://www.globenewswire.com/news-release/2026/03/10/3252841/0/en/Newtek-Bank-N-A-Introduces-the-Newtek-Seven-Day-Business-Loan.html