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Business Term Loans

Business Term Loans

Meet your business goals with the funds you need to succeed — our business term loans offer competitive rates, as well as terms customized to your operation.

Purchase inventory, finance improvements, and more. Our experienced lenders are right here in Covington, so you’ll receive friendly, local service every step of the way.

 
  • Affordably finance a wide range of business needs:
    • Inventory
    • Improvements
    • Working capital
    • And more!
  • Secured and unsecured options available
  • Competitive rates
  • Terms customized to the needs of your business
  • Attentive, professional service every step of the way
  • Local decision-making and processing

Secure a business term loan by using your inventory as collateral. Our maximum loan amount for this option is 50% of the dollar value of eligible inventory.

Contact us to learn more about this loan option for your business.

Secure a business term loan using accounts receivable as collateral. Our maximum loan amount for this option is 80% of accounts receivable that are less than 60 days old.

Contact us to learn more about this loan option for your business.

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FDIC-Insured – Backed by the full faith and credit of the U.S. Government. Newton Federal is a division of Affinity Bank. Newton Federal and Affinity Bank are the same entity for the purpose of calculating FDIC insurance limits and deposits. Effective September 15, 2023, the bank converted from a federal savings association to a national bank, and as a result, the Company became a bank holding company instead of a savings and loan holding company. Newton Federal is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. Please contact us with any concerns or comments. © 2025-2026 All Rights Reserved.