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Newtek Business Services Corp
3 own
7 watching
Current Price
$10.88
$-0.34
(-3.03%)
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1 Year Returns

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Market Capitalization
Market Capitalization
340.14M
52-Week High
52-Week High
19.36000
52-Week Low
52-Week Low
10.07000
Average Volume
Average Volume
0.13M
Dividend Yield
Dividend Yield
0.08097
P/E Ratio
P/E Ratio
31.1572
iconMarket Capitalization340.14M
icon52-Week High19.36000
icon52-Week Low10.07000
iconAverage Volume0.13M
iconDividend Yield0.08097
iconP/E Ratio31.1572
What does the Newtek Business Services Corp do?
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.
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News & Events about Newtek Business Services Corp.
Globe Newswire
9 months ago
BOCA RATON, Fla., July 05, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT), today announced that it will report its second quarter 2023 financial results after the market closes on Wednesday, August 2, 2023. A conference call to discuss these results will be hosted by Barry ...
Globe Newswire
9 months ago
Company Provides Second Quarter 2023 Updates on Key Performance MetricsBOCA RATON, Fla., July 05, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT), today announced that, through Newtek Bank and residual funding through Newtek Small Business Finance (NSBF), it funded a record 400...
Globe Newswire
9 months ago
BOCA RATON, Fla., June 27, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the outstanding shares of the Companys common stock, payable on July 21, 2023 to shareholders of ...
Globe Newswire
9 months ago
BOCA RATON, Fla., June 27, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the outstanding common stock of NewtekOne. The dividend is payable on July 21, 2023 to shareholders ...
Globe Newswire
9 months ago
BOCA RATON, Fla., June 26, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that it has joined the broad-market Russell 3000 Index and the small-cap Russell 2000 Index following the conclusion of the Russell indexes annual reconstitution for 2023, effective upon todays US ...
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Current Price
$10.88
$-0.34
(-3.03%)
arrow-icon
1 Week Returns
3 Months Returns
1 Year Returns

Get Started with as little as $1.00

Get Started with as little as $1.00