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Newtek Business Services Corp
3 own
7 watching
Current Price
$0
$0.52
(3.61%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
Market Capitalization
354.62M
52-Week High
25.55
52-Week Low
10.75
Average Volume
0.42M
Dividend Yield
0.08097
P/E Ratio
31.1572
Market Capitalization354.62M52-Week High25.5552-Week Low10.75Average Volume0.42MDividend Yield0.08097P/E Ratio31.1572What 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
1month ago
BOCA RATON, Fla., May 01, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT), today announced that its subsidiary Newtek Bank N.A. had an 121% increase in its client deposits to approximately $310 million year to date through April 28, 2023, compared to $140 million in client ...
Globe Newswire
2 months ago
Will Hold Conference Call to Discuss with Q&A On Wednesday, March 15, 2023 at 8:30am ETBOCA RATON, Fla., March 13, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) (the Company) today updated the market on its financial holding company transition and forecasts. Barry Sloane, Chief Executive ...
Globe Newswire
3 months ago
BOCA RATON, Fla., Feb. 08, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT), today announced that it will report its fourth quarter and full year 2022 financial results after the market closes on Monday, February 27, 2023. A conference call to discuss these results will be ...
Globe Newswire
3 months ago
BOCA RATON, Fla., Feb. 07, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc.(NASDAQ: NEWT) (the Company) announced that it has sold $20 million of the Companys 8% Convertible Series A Preferred Stock to Patriot Financial Partners IV, L.P. Barry Sloane, Chairman, President and Chief Executive Officer said, ...
Globe Newswire
4 months ago
BOCA RATON, Fla., Jan. 24, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the Company) (NASDAQ: NEWT) (the Company), announced that on January 23, 2023, the Company completed an exempt private offering of $50.0 million aggregate principal amount of its 8.125% notes due 2025 (the Notes). The Notes were ...
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Current Price
$0
$0.52
(3.61%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
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