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    Newtek Business Services Corp. (NEWT)

    16.67 Up 0.12(0.73%) Feb 27, 4:00PM EST
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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:314

    Business Summary 

    Newtek Business Services, Inc. provides financial and business services to the small-and medium-sized business market in the United States and internationally. The company operates in six segments: Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, Corporate, and Capcos. It offers electronic payment processing services, such as 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, Web hosting, and Web related services. In addition, it 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 accounts receivable financing and other lending products. Further, the company offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions; and sells personal, commercial, and health/benefits lines of insurance products. Additionally, it provides 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. The company also offers 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 , 55
    Chairman, Chief Exec. Officer and Pres
    Ms. Jennifer Catherine Eddelson , 42
    Principal Financial Officer, Chief Accounting Officer and Exec. VP
    Mr. Craig J. Brunet , 67
    Chief Information Officer and Exec. VP
    Ms. Jayne L. Cavuoto ,
    Director of Investor Relations
    Mr. Matthew Gordon Ash Esq., 71
    Chief Compliance Officer and Exec. VP
    Amounts are as of Dec 31, 2013 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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