Capital to Grow Your Fleet, Backed by a National Lender
Dolooma has partnered with NewtekOne (NASDAQ: NEWT) to put real business financing in front of towing and roadside operators — SBA 7(a) loans up to $15 million and revolving lines of credit from $50,000 to $5 million. Buy trucks, add equipment, refinance high-cost debt, or fund the next yard, with long terms built for how this industry actually earns.
Long terms. No balloon payments. No prepayment penalties.
Financing Built for Towing Operators
Growth in this business is capital-intensive. A single wrecker, a rotator, a bigger yard, or a run of deferred maintenance can put six or seven figures between you and your next contract. Through the Dolooma–Newtek partnership, operators get access to Newtek Bank, N.A. — one of the nation’s most active SBA 7(a) lenders, with more than $2 billion in business loans approved. Applications are handled by a dedicated lending team that underwrites small business, not just balance sheets.
At a Glance
What You Can Fund
Financing that matches the asset: long amortization on the trucks and property that carry your revenue, and a revolving line for the receivables gap in between.
Finance wreckers, flatbeds, rotators, and service vehicles — plus the lifts, tooling, and telematics that go with them.
Purchase, build out, or refinance impound lots, shop space, and storage facilities with long-term amortization.
Roll high-rate equipment paper and merchant advances into a single, longer-term facility and free up monthly cash flow.
Draw on a revolving line to cover payroll, fuel, and parts while motor club and insurer receivables age out.
Fund the purchase of another operator, a new territory, or a partner buyout without stripping the balance sheet.
No balloon payments, no prepayment penalties, and no standard restrictive covenants on qualifying loans.
More Than a Lender
Lending is where most operators start, but the Newtek partnership covers the rest of the back office too. Each service is available to Dolooma operators through a dedicated co-branded enrollment page.
A true zero-fee business checking account from Newtek Bank, N.A., Member FDIC — built so more of what you collect stays in the account.
- No monthly service or transaction fees
- No wire or ACH fees
- No overdraft or ATM fees
- FDIC-insured through Newtek Bank, N.A.
Card acceptance built for roadside and impound release — take payment at the truck, at the counter, or online, with next-day funding.
- Visa, Mastercard, Amex, and Discover acceptance
- Mobile, terminal, virtual, and eCommerce options
- Next-day funding and digital invoicing
- PCI compliance and breach protection included
Managed IT, secure private cloud hosting, and backup and disaster recovery delivered by a provider with a 30-year track record.
- 24/7 managed IT and monitoring
- Backup and disaster recovery
- Secure private cloud hosting
- Ransomware and outage resilience
Newtek Insurance Agency is licensed in all 50 states and works with more than 40 highly rated carriers — including the commercial auto and garage-keepers lines this industry runs on.
- Commercial auto, general and professional liability
- Workers’ compensation and property coverage
- Cyber liability and employee benefits
- Free coverage and cost review
Cloud payroll and HCM with automated federal, state, and local tax filing — plus a single point of contact instead of a ticket queue.
- Automated multi-jurisdiction tax filing
- Direct deposit, pay cards, and check printing
- Employee self-service for stubs, W-2s, and 1099s
- Tax indemnification guarantee
Common questions
Loans are originated by Newtek Bank, N.A., Member FDIC. Dolooma is not the lender — the partnership gives operators a direct path to Newtek’s lending team, who underwrite small business rather than balance sheets alone.
Trucks and equipment, real estate and yards, refinancing higher-rate debt, working capital, and acquisitions or expansion. Uses vary by program and are confirmed during the application.
Starting an application takes a few minutes and does not affect your credit until you formally submit. All loans are subject to credit approval.
No. Banking, payments, technology, insurance and payroll each have their own enrollment page and can be set up independently of any financing.