NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth
BOCA RATON, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) — NewtekOne, Inc. (the “Company”) (NASDAQ:NEWT), announced today strong growth in its total loan pipeline, across all lending products, year-to-date through January 31, 2024, compared to the same period last year. The total pipeline consists of loans that are in the Company’s three lending stages: prequalification, underwriting and approved pending closing. NewtekOne’s loan programs include SBA 7(a) loans, SBA 504 loans, alternative loan financing program (formerly referred to as our non-conforming conventional loan program), conforming C&I loans and conforming CRE loans. Newtek Bank’s flagship loan program, SBA 7(a) lending, and the Company’s alternative loan finance program, led the year-over-year pipeline growth for January. The following summarize the year-over-year pipeline growth year-to-date through January 31, 2024:
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