NewtekOne Inc. (NASDAQ: NEWT) announced that its subsidiary Newtek ALP Holdings has paid down two credit facilities to zero and expects to terminate them by the end of April. The facilities, provided by Capital One and Deutsche Bank, had combined outstanding balances of approximately $185 million at the end of 2025.

The company paid off and terminated the Capital One facility in March and expects to terminate the Deutsche Bank facility by the end of April. The paydown was funded through the company's January 2026 securitization backed by commercial and industrial longer amortizing loans.

Going forward, NewtekOne's bank subsidiary, Newtek Bank, N.A., will originate these loans and fund them with deposits rather than through the credit facilities. The company stated it intends to continue securitizing these loans on a regular basis from the bank's balance sheet.

The NALP Business Loan Trust 2026-1 securitization represented the company's fourth asset-backed securitization secured by commercial and industrial longer amortizing loans and was NewtekOne's 17th and largest rated securitization.

NewtekOne has operated its commercial and industrial longer amortizing loans business since 2019. These loans are structured to amortize over 10 to 25 years with no balloon payment and are positioned as alternatives to traditional bank loans or merchant cash advances.

The company provides business and financial solutions including banking, business lending, SBA lending, electronic payment processing, accounts receivable financing, insurance solutions, and payroll services to independent business owners across all 50 states.