How NewtekOne Helped a Credit Union Client Secure Growth Financing

February 18, 2025

A successful pizzeria and pub wanted to expand by opening a second location but was also managing a high-interest short-term loan that strained cash flow. Their credit union, committed to supporting business members, partnered with NewtekOne to structure a $1.2 million financing package that provided capital for expansion while refinancing existing debt into a more sustainable repayment plan.

With the leadership of Brian Buchanan, regional vice president at NewtekOne, and the support of the Newtracker system, the loan process was transparent and efficient. The business secured the funding needed to grow, and the credit union strengthened its lending capabilities while retaining a valued member.

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About NewtekOne

Businesses expect more and NewtekOne (NASDAQ: NEWT) delivers core solutions that help businesses grow. As a partner, NewtekOne provides SBA lending services, business financing, merchant processing, payroll, insurance and website/technology services that credit unions can offer to members.

Learn more about NewtekOne