NewtekOne, Inc. Upsizes Warehouse Facility to Support Growth of ALP Business

Core Viewpoint - NewtekOne, Inc. announced an amendment and increase of its revolving credit facility with Deutsche Bank AG to $170 million, which supports the origination of Alternative Loan Program loans before securitization [1][2] Group 1: Company Developments - Newtek ALP Holdings, a consolidated subsidiary of NewtekOne, has amended its credit facility with Deutsche Bank, which has been a partner since 2019 [1][2] - The company recently closed a $184 million securitization backed by $216 million of ALP loans, marking its third asset-backed securitization secured by ALP loans and the 16th rated securitization overall [1] Group 2: Leadership Commentary - Barry Sloane, Chairman, President, and CEO, expressed appreciation for Deutsche Bank's ongoing support, highlighting its importance to the growth of the ALP business and overall financial performance of the company [2] Group 3: Business Solutions Offered - NewtekOne provides a range of business and financial solutions, including banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, payroll and benefits solutions, and technology solutions [3]