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    Newtek Business Services Corp. (NEWT)

    12.54 Down 0.11(0.87%) 4:00PM EDT
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    Newtek Business Services Corp.
    212 West 35th Street
    2nd Floor
    New York, NY 10001
    United States - Map
    Phone: 212-356-9500
    Website: http://www.thesba.com

    Index Membership:N/A
    Industry:Business Services
    Full Time Employees:329

    Business Summary 

    Newtek Business Services Corp., a business development company, provides financial and business services to the small-and medium-sized business market in the United States and internationally. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, 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 accounts receivable financing and management services. Its electronic payment processing services include credit and debit card processing, check approval, and ancillary processing equipment and software to merchants. The company also provides Website, 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. 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 company was founded in 1998 and is headquartered in New York, New York.

    Key Statistics

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    Key Executives 
    Mr. Barry Sloane , 56
    Chairman, Chief Exec. Officer and Pres
    Ms. Jennifer Catherine Eddelson CPA, 43
    Chief Accounting Officer, Exec. VP and Acting Treasurer
    Mr. Peter Mathison Downs , 51
    Chief Lending Officer, Director and Pres of Newtek Small Bus. Fin.
    Mr. John Raven , 51
    Chief Technology Officer and Chief Information Security Officer
    Mr. Nilesh Joshi ,
    Chief Information Officer and Exec. VP
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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