secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001587987-24-000204
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000204/0001587987-24-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000204/newt-20241003.htm
  HTML page:      https://secwatch.observer/filing/0001587987-24-000204

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer