Company: NEWTP
Filing Date: 2025-12-01
Form Type: 424B3
Source: 0001628280-25-054371
Chunk: 15

Company: NewtekOne, Inc.
Filing Date: 2025-12-01
Form: 424B3
Chunk 15
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 in turn, are subject to prevailing economic conditions and to financial, business and other factors beyond our control.

The New Notes are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.

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The New Notes are unsecured obligations of the Company. The New Notes are not savings accounts, deposits or other obligations of any of the bank or non-bank subsidiaries of the Company (including Newtek Bank) and are not insured by the FDIC or any other governmental agency.

Our focus primarily on smaller privately held borrowers involves risks and may present certain challenges, including a borrower’s dependence on the talents and efforts of a few key personnel and a potential greater vulnerability to economic downturns.

We lend primarily to smaller privately-owned companies. Lending to these types of companies involves a number of significant risks. Compared to larger publicly-owned companies, these small companies may be in a weaker financial position and experience wider variations in their operating results, which may make them more vulnerable to economic downturns. Typically, these companies need more capital to compete; however, their access to capital is limited and their cost of capital is often higher than that of their competitors. Our borrowers often face increased competition from larger companies with greater financial, technical and marketing resources and their success typically depends on the managerial talents and efforts of an individual or a small group of persons. Therefore, any loss of its key employees could affect such borrower’s ability to compete effectively and harm its financial condition. Further, some of these companies may conduct business in regulated industries that are susceptible to regulatory changes. These factors could impair the cash flow of such borrowers and result in other events, such as bankruptcy. These events could limit such borrower’s ability to repay its obligations to us, which may have an adverse effect on the return on, or the recovery of, our loans to these businesses. Deterioration in a borrower’s financial condition and prospects may be accompanied by deterioration in the value of the loan’s collateral.

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### USE OF PROCEEDS
The Company will not receive any proceeds from the exchange of the New Notes for Old Notes pursuant to the Exchange Offer.

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### CAPITALIZATION
The following table sets forth the unaudited capitalization of the Company and its consolidated subsidiaries as of September 30, 2025 on an actual basis and on an as adjusted basis assuming all $95.0 million aggregate principal amount of Old Notes are exchanged for New Notes in the