Reg B – Business Credit Application Denial Notice

 

Right To Request Specific Reasons for Credit Denial

NewtekOne, Inc. (“Newtek”) offers a wide range of products and services (collectively, the “Newtek Services”) through its affiliates (collectively, including Newtek, the “Newtek Entities”), including without limitation, Newtek Bank, National Association (“Newtek Bank, N.A.”) and its wholly-owned subsidiary Newtek Business Lending, LLC, Newtek Business Services Holdco 6, Inc., Newtek Small Business Finance, LLC, Newtek Merchant Solutions, LLC, PMTWorks Payroll, LLC and Newtek Insurance Agency, LLC. The address for Newtek Bank, N.A. is 1111 Brickell Avenue, Suite 135, Miami, FL 33131, and the address for all other Newtek Entities other than Newtek Bank, N.A. is 1981 Marcus Ave., Suite 130, Lake Success, NY 11042.

If your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. If the credit was denied by Newtek Bank, N.A., to obtain the statement, please contact Newtek Bank, N.A, Attn: Credit Inquiry Department, 1111 Brickell Avenue, Suite 135, Miami, Florida 33131, within 60 days from the date you are notified of Newtek Bank, N.A.’s decision. If the credit was denied by any Newtek Entity other than Newtek Bank, N.A. to obtain the statement, please contact NewtekOne, Inc., Attn: Credit Inquiry Department, 1981 Marcus Ave., Suite 130, Lake Success, NY 11042, (212) 356-9500, within 60 days from the date you are notified of such applicable Newtek Entity’s decision. We will send you a written statement of the reasons for the denial within 30 days of receiving your request for the statement.

Notice: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning Newtek Bank, N.A is the Office of the Comptroller of the Currency, Customer Assistance Group, 1301 McKinney Street, Suite 3450, Houston, TX 77010-9050. The Federal agency that administers compliance with this law concerning any Newtek Entity other than Newtek Bank is the Federal Reserve Consumer Help Center, P.O. Box 1200, Minneapolis, MN 55480.