NewtekOne achieves record total loan closings of $371.8M in Q3 2024, up 17.3% sequentially

NewtekOne, Inc.

Record total loan closings $371.8M in Q3 2024, up 17.3% from $316.7M in Q2 2024.
SBA 7(a) closings $245.3M in Q3 2024, up 6.6% QoQ and 12.5% YoY.
Full-year 2024 SBA 7(a) forecast of $935M, representing 14.7% increase over 2023.
Expects total loan originations ~$1.5B in 2024; SBA guaranteed portion sales $650-700M.
Alternative loan program (since 2019) funded $380M with only ~$3M write-offs.

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