Company: NEWTP
Filing Date: 2025-08-15
Form Type: 424B2
Source: 0001587987-25-000152
Chunk: 20

Company: NewtekOne, Inc.
Filing Date: 2025-08-15
Form: 424B2
Chunk 20
---
 ratings.

The Company’s management will have broad discretion in the use of the net proceeds from this offering and may allocate the net proceeds from this offering in ways that you and other security holders may not approve.

The Company’s management will have broad discretion in the use of the net proceeds, including for any of the purposes described in the section entitled “ Use of Proceeds ,” and you will not have the opportunity as part of your investment decision to assess whether the net proceeds are being used in ways with which you may not agree or may not otherwise be considered appropriate. Because of the number and variability of factors that will determine the Company’s use of the net proceeds from this offering, their ultimate use may vary substantially from their currently intended use. The failure of the Company’s management to use these funds effectively could harm the Company’s business. Pending their use, the Company may invest a portion of net proceeds from this offering in short-term, investment-grade, interest-bearing securities. These investments may not yield a favorable return to the Company or the Company’s stockholders.

<div align='center'>S-19</div>

The Company’s 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.

The Company lends 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. The Company’s 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 the Company, which may have an adverse effect on the return on, or the recovery of, the Company’s loans to these businesses. Deterioration in a borrower’s financial condition