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Newtek Business
Services, Inc.
Provider of small business loans
for Morgan Stanley
These materials and the content contained herein were not prepared or reviewed by Morgan Stanley. Newtek Business Services is not an
employee or agent of and is not affiliated with, Morgan Stanley. Morgan Stanley is not the provider of these services and will not have any
input concerning such services. Morgan Stanley is not responsible for these materials, the content contained herein or any of the services
offered by Newtek Business Services. Morgan Stanley will receive a referral fee from Newtek Business Services if the client referred by
Morgan Stanley enters into a transaction with Newtek Business Services.
1 866 New-1-Tek
www.newtekreferrals.com/merrill
Newtek Business Services
Newtek Business Services, Inc. is a provider of business
services and financial products to the small business market
under the Newtek™ brand.
• Founded in 1998 by Chairman and Chief Executive Officer, Barry Sloane
• Publicly traded (NASDAQ: NEWT)
• Employs more than 360 people across the country
• Corporate headquarters in New York City
Newtek Business Lending
A non-bank lender specializing in loans to small businesses
• Authorized as a Preferred Lender to conduct SBA
guaranteed lending in all 50 states as a Small Business
Lending Company
• Servicing a portfolio in excess of $200 million in loans
• Utilizes one-of-a-kind processing software that prepares
all of the application paperwork for the borrower
• Experienced, courteous and accessible staff who
provide high quality support
Why Newtek
•
Newtek Business Service Specialists are assigned to
guide you and your client through the loan process
•
All application material is completed by Newtek
•
NewTracker™ provides the following benefits:
– Routes, Manages and reports the flow of all referrals
– Allows for the submission of referrals by simply providing
the borrower’s name and contact info. No need for you to
gather any financial information
– Lets you follow the progress of your client 24x7 through
Newtracker™
Newtek Lending Process
Contact your Morgan lending specialist who will pass the
referral to Newtek for processing through NewTracker™
Once the referral is submitted through NewTracker™, a
Newtek Business Specialist will call you or your client
within 24 hours to explain the full loan process, answer
any questions and conduct a prequalification interview
• Prequalification – 30 minutes
• Underwriting – 5 business days
• Closing – 30-60 days
Why a
Newtek Business Loan
•
Flexible financing for a wide variety of general business
purposes from $25K to $2.0M
•
Acquisition, refinance or cash out loans secured by
commercial real estate up to $5M
•
Receivable financing available for your clients that have
between $10K and $500K in monthly average receivables
•
Longer terms than conventional loans with no balloon
payments
•
Start-up financing considered
•
Limited or no prepayment penalties
•
Low down payment requirements
Eligible businesses include
• Franchises
• Doctors, Dentists, Chiropractors & Veterinarians
• Accountants, Lawyers, & Service Professionals
• Convenience Stores, Gas Stations & Car Washes
• Day Care Centers
• Retail Trade
• Manufacturing, Industrial, & Wholesale
• Hotel/Motel Properties
Acceptable Uses of Proceeds
• Start-up or expand a business or franchise
• Finance general business expenses/working capital
• Purchase equipment
• Purchase, re-finance or take cash out of commercial real
estate
• Refinance existing business debt
• Acquire an existing business
Examples of Morgan Referrals
•
$220K loan for a bagel store looking to open their third location.
Proceeds would be used for leasehold improvements and working
capital
•
$309K loan for the acquisition of an existing restaurant. Customer
owns one restaurant today and a 25% share of a second restaurant
and is looking to acquire the remaining 75% interest in that second
restaurant
•
$715K loan for the acquisition of an owner occupied commercial
property by an existing home remodeling/contracting company.
Purchase price is $900M (80% LTV)
•
$3,200K loan for the cash out re-finance of an existing 8 unit
shopping center