[sergio450]

Has anyone actually funded a Term Loan or LOC with Newtek? I am curious about their rates and terms. Any feedback is appreciated.

[Oxforddan]

I do about 20-40m a year with them. They don't have a LOC product aside from their AR lines which there are better options for elsewhere. The only thing they have that is useful is the SBA product. Which will be the highest rate around so they can sell off the portfolio. With that being said they do get a decent amount of deals done for me however the level of communication leaves a lot to be desired.

[DavidBau]

In the process for 2 term loans - I'll let you know how they turn out

[NeedmoreISOS]

Has anyone actually funded a Term Loan or LOC with Newtek? I am curious about their rates and terms. Any feedback is appreciated.

Very fair rates giving on there term product option, correct they have dissolved their LOC product. In replace you have the AR lines which can work in the favor of the merchant.
I would suggest using them if you can't find a back-up.