NewtekOne is a financial holding company focused on lending and financial services to small and medium-sized businesses (SMBs). NewtekOne's core product is SBA 7(a) lending — partially government-guaranteed loans up to $5M for SMBs that don't qualify for standard bank financing. The company also originates SBA 504 loans, conventional C&I and CRE loans, and its proprietary Alternative Loan Program (ALP) loans, which are larger C&I loans with long amortization schedules targeted at stronger SMB credits. Beyond lending, NewtekOne offers payments processing, payroll processing, and insurance brokerage to the same SMB customer base. NewtekOne operates Newtek Bank, a fully digital, branchless bank that gathers retail and business deposits to fund loan growth. The company generates revenue through SBA 7(a) gain-on-sale income (selling the government-guaranteed portion of loans at a premium), ALP securitizations (retaining the equity residual after selling rated notes), net interest income, and recurring fees from its non-bank services. NewtekOne acquires customers entirely through a network of alliance partners — banks, credit unions, trade associations, and professional firms — that refer SMB clients via its proprietary NewTracker platform, with no branches or traditional bankers. The company's strategy centers on growing lower-cost business deposits by cross-selling its services into a single digital portal, scaling ALP securitization volume, and leveraging its fixed technology infrastructure to grow assets with minimal expense growth. NewtekOne converted from a Business Development Company to a financial holding company in January 2023, acquiring a small bank as the foundation for Newtek Bank.