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

Rhea-AI Summary

NewtekOne (NASDAQ: NEWT) launched the Newtek Seven Day Business Loan, offering term loans up to $350,000 funded within seven days of a complete application and amortized over 10 years with no balloon payment. The Bank uses its AI-powered NewTracker system for underwriting and claims faster turn times, reduced fees, and expanded capacity, while processing loans up to $15,000,000. The company reported opening 9,000 deposit accounts in Q4 2025, bringing total depository accounts to 35,000.

Positive

• Up to $350,000 funded within 7 days
• Loans structured over 10 years with no balloon
• AI-powered NewTracker used to scale underwriting for loans up to $15M
• Closed 3x more loans over three years without added loan-closing headcount
• Opened 9,000 deposit accounts in Q4 2025; total depository accounts 35,000

Negative

• None.

News Market Reaction – NEWT

+0.17%

+0.17% Session close to close

In the Mar 10 session, NEWT gained 0.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights an AI-powered, seven-day business loan product of up to $350,000 with t...

Analysis

This announcement highlights an AI-powered, seven-day business loan product of up to $350,000 with ten-year amortization and no balloon payment, positioned as a lower-cost alternative to merchant cash advances. It builds on recent milestones such as the $295M securitization and awards for lending and deposit products. Investors may watch how quickly volumes ramp, the impact on credit quality, and whether digital growth beyond 35,000 depository accounts supports sustained profitability.

Key Figures

Seven Day Business Loan size: $350,000 Funding timeline: 7 days Loan term: 10 years +5 more

8 metrics

Seven Day Business Loan size $350,000 Maximum size per Newtek Seven Day Business Loan

Funding timeline 7 days Target time from complete application to funding

Loan term 10 years Repayment period for Newtek Seven Day Business Loan

AI-processed loan range $350,000–$15,000,000 Loan sizes processed using the same AI-driven processes

Loan volume growth 3x Number of loans closed over last three years vs prior period

Q4 2025 new deposit accounts 9,000 Depository accounts opened digitally in 4Q25

Total depository accounts 35,000 Total depository accounts after Q4 2025

Five Cs of credit 5 factors Credit discipline framework referenced in AI underwriting

Historical Context

5 past events · Latest: Feb 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 17	Awards & recognition	Positive	+2.5%	Bank recognized for SBA lending and savings accounts, highlighting franchise quality.
Feb 02	Debt retirement	Positive	-0.4%	Retired $95M of senior notes using working capital and an exchange offer.
Jan 29	Earnings report	Positive	-5.7%	Reported higher EPS, revenue growth and stronger book value with 2026 EPS guidance.
Jan 23	Exchange offer	Neutral	+0.5%	Completed exchange of 5.50% 2026 notes into 8.50% 2031 notes with low tender uptake.
Jan 21	Loan securitization	Positive	+2.1%	Closed $295M securitization backed by $341.78M of ALP loans, its largest to date.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Operational and capital-markets updates have often led to modest positive moves, while strong earnings in late January saw a notable negative reaction, indicating occasional divergence between fundamentals and price.

Recent Company History

Over recent months, NewtekOne reported solid fundamentals, including 4Q25 EPS of $0.65 and full‑year 2025 EPS of up to $2.21 on revenue of $284.8M, alongside rising book value per share of $12.19. The company executed balance sheet actions such as retiring $95.0M of senior notes and completing a $295M securitization backed by $341.78M of loans. Awards for lending and deposits highlighted franchise strength. Today’s AI-enabled seven-day business loan launch fits this pattern of emphasizing technology-led lending scale and efficiency.

Key Terms

merchant cash advance, ai, balloon payment, amortize, +1 more

5 terms

merchant cash advance financial

"more favorable than other quick funding alternatives such as merchant cash advance"

A merchant cash advance is a way for a business to get a lump-sum payment now in exchange for a fixed slice of its future credit-card or sales receipts, repaid automatically as a percentage of daily takings until the advance plus fees are covered. Think of it as drawing an advance on future receipts rather than taking a traditional bank loan; it can be faster but often more expensive and variable in cost. Investors watch these arrangements because they alter a company’s cash flow patterns, increase short-term repayment pressure, and can erode margins or indicate difficulty accessing cheaper financing.

ai technical

"NewTracker® loan processing system, powered by AI, to achieve turn times"

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

balloon payment financial

"ten-year repayment period, with no balloon payment risk"

A balloon payment is a large, single lump-sum due at the end of a loan after a schedule of smaller regular payments; think of it as making modest monthly payments like rent but owing one big bill at the finish. For investors, it matters because the borrower's ability to make or refinance that final payment affects credit risk, cash flow timing and the value of debt or equity tied to that borrower—unexpected shortfalls can cause losses or force restructuring.

amortize financial

"vast majority of Newtek Seven Day Business Loans will amortize over ten years"

To amortize means to spread the repayment of a debt or the recognition of a cost over a series of scheduled payments or accounting periods. For investors, amortization shows how much of a loan payment reduces principal versus interest or how a one-time expense is gradually charged to profits, helping reveal a company’s true cash obligations and ongoing earnings power—think of paying off a big purchase with a fixed monthly plan so the cost isn’t all felt at once.

depository accounts financial

"ability to open depository accounts digitally without traditional bankers"

A depository account is an electronic record that holds ownership of stocks, bonds or other securities on behalf of an investor, similar to a digital safe-deposit box that replaces paper certificates. It matters to investors because it makes buying, selling and settling trades faster and more secure, ensures dividends and corporate actions are tracked correctly, and determines how easily ownership can be transferred or used as collateral.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 origination process to, among other things, analyze historical financials, project future cash flows, and facilitate taking liens on assets. In addition, AI will assist in our review of corporate documents and other aspects of the business. Instead of using manual labor, the Bank is using AI to perform data gathering, integration and presentation to the Bank’s credit committee. Importantly, the Bank’s team of credit professionals reviews the data and ultimately makes the credit decision. Incorporating AI into the underwriting process makes for a better borrower experience by reducing upfront fees and time to close.

"Time is money for independent business owner clients," said Barry Sloane, Chief Executive Officer, President and Chairman, of NewtekOne. "We are pleased to be able to offer clients a term loan, secured with collateral, of up to $350,000 in just seven days. With the Newtek Seven Day Business Loan, creditworthy borrowers can avoid less attractive options such as MCAs or daily debit financing, which typically carry extremely high rates of interest and short repayment schedules, and get access to a more reasonably priced and structured business loan with dramatically lower payment options than MCA and similar products. We anticipate that the vast majority of Newtek Seven Day Business Loans will amortize over ten years, and without a balloon payment, which will give independent business owners a predictable and manageable monthly payment. We believe many independent business owners will increasingly gravitate to lenders like Newtek Bank that use state-of-the-art technology and software to offer an expedited process and a better product, which is the value proposition many independent business owners have been seeking.”

Mr. Sloane added, "Our use of AI in the lending function is not limited to the Newtek Seven Day Business Loan program. We are also processing loans from $350,000 to $15,000,000 with the same internally developed processes using AI, which dramatically reduces time and costs to close. These AI-expedited processes are also allowing us to reduce fees that would normally be passed on to borrowers. In addition, we’re minimizing errors that can come with more manual processes. Incorporating AI into the underwriting process partially explains why we have tripled the number of loans closed over the last three years without adding headcount to loan closing staff.”

Mr. Sloane continued, “At our Investor Day in early January, we emphasized NewtekOne’s technological advantage in banking and the functions in which we were using AI to produce a better outcome not only for our independent business owner clients but also for our shareholders. Today’s announcement is evidence of that. Lending is one of those functions where we have incorporated AI into the process, which has accelerated the loan approval and funding timeline without compromising the credit quality of the lending decision. The quicker turn time is a clear benefit to the Bank’s clients while the benefits to NewtekOne’s shareholders are numerous. NewtekOne is able (1) to scale while scaling back hiring, promoting improved operating efficiency and profitability, (2) to establish a clearer path to growth while improving the integrity of the underwriting decision, and (3) to fully capture the franchise value created by internally developing AI-powered processes.”

Mr. Sloane concluded, “We have also demonstrated to the market the ability to open depository accounts digitally without traditional bankers, brokers, or branches as evidenced by the 9,000 deposit accounts we opened in the fourth quarter of 2025, bringing total depository accounts to 35,000. We believe that technology-oriented banks of the future will need to use all of these tools to take deposits, transfer funds on a real time basis, and provide funding to customers quickly, efficiently, and with prudent credit underwriting.”

About NewtekOne, Inc.

NewtekOne^®, Your Business Solutions Company^®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek^® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: Banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)

Newtek^®, NewtekOne^®, Newtek Bank^®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.

Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

SOURCE: NewtekOne, Inc.

Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / browe@newtekone.com

FAQ

What is the Newtek Seven Day Business Loan (NEWT) and how fast is funding?

The Newtek Seven Day Business Loan provides term financing up to $350,000 funded within seven days. According to NewtekOne, funding occurs after a complete application using its AI-driven NewTracker system to speed underwriting and documentation.

What are the repayment terms for Newtek Seven Day Business Loan offered by NEWT?

Repayment is structured over a 10-year amortization with no balloon payment at maturity. According to NewtekOne, this design aims to provide predictable monthly payments and lower payment pressure than merchant cash advances.

How does NewtekOne (NEWT) use AI in its lending process?

NewtekOne uses AI via its NewTracker system to gather data, analyze financials, and support underwriting decisions. According to NewtekOne, AI assists credit professionals by reducing manual work, lowering fees, and accelerating time to close.

Does Newtek Bank (NEWT) offer larger loans with the same AI process?

Yes. The Bank applies the same AI-powered processes to loans ranging from $350,000 to $15,000,000. According to NewtekOne, these processes shorten closing times and are used across its larger commercial lending activity.

What recent deposit growth did NewtekOne (NEWT) report that supports its digital strategy?

NewtekOne reported opening 9,000 deposit accounts in Q4 2025, increasing total depository accounts to 35,000. According to NewtekOne, this demonstrates digital account-opening capabilities without traditional branches or brokers.