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

Core Viewpoint - NewtekOne, Inc. has amended its revolving credit facility with Capital One, increasing the facility from $60 million to $100 million and extending its maturity by two years, which supports the origination of Alternative Loan Program loans before securitization [1][2]. Group 1: Company Overview - NewtekOne is a financial holding company that provides a variety of business and financial solutions to independent business owners across all 50 states since 1999 [3]. - The company's offerings include banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, payroll and benefits solutions, and technology solutions [4]. Group 2: Partnership and Financing - The relationship between NewtekOne and Capital One spans nearly 15 years, with Capital One playing a crucial role in NewtekOne's growth as a non-bank lender and financial holding company [2]. - The recent amendment to the Capital One facility follows a similar amendment to the Deutsche Bank ALP facility, indicating a strategic expansion in financing capabilities [1][2].