Nerys R.
They ask for front deposit of $600.
They ask for front deposit of $600.. why??

NewtekOne is your total business solutions provider: lending; payments; technology; payroll & benefits; insurance; and more.
NewtekOne (newtekone.com) has 334 customer reviews on Five Star Index, with an average rating of 4.9 out of 5.
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Administration & Services · New York, New York
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Administration & Services · RIVERTON, Wyoming
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Showing 3 reviews with 3 stars · Clear filters
Nerys R.
They ask for front deposit of $600.. why??
Jonathan P.
Was left in the dark during a loan application for a national franchise. Could not get responses from contacts provided. I sent emails, texts, and left voicemails to no avail. I finally got a response once I CC’ed another person at the bank only for him to also go dark. Would have been 2.5m deal for them which was lost due to lack of communication. Had to go with another bank for the loan. Perhaps I am an anomaly, but based on my experience, I would not recommend them. Very unprofessional and extremely unresponsive. Edit: After leaving my review, I was reached out to by a manager who apologized for the previous person handling my file. He was able to pick up where we left off, and they have been super responsive.
Response from NewtekOneFeb 11, 2026
We’re sorry for the frustration you experienced during the loan process. We understand how important timely communication is, and we’re glad we’ve since been able to reconnect. If there is anything further you need, please don’t hesitate to reach out directly.
Erika
I received great customer service when working with the representative; however, it took a long time for me to receive a response. I had to initiate the follow up to receive updates.
Response from NewtekOneJan 19, 2026
Thank you for your feedback. We’d welcome the opportunity to review your experience in more detail. Please contact our team directly to discuss your concerns.