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Newtek Business Services Inc. (NEWT)

14.25 Up 0.01(0.07%) 10:19AM EDT
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Newtek Business Services Inc.
212 West 35th Street
2nd Floor
New York, NY 10001
United States - Map
Phone: 212-356-9500

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.

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Key Executives 
Mr. Barry Sloane , 54
Chairman, Chief Exec. Officer, Pres and Sec.
Ms. Jennifer Catherine Eddelson , 41
Principal Financial Officer, Chief Accounting Officer and Exec. VP
Mr. Craig J. Brunet , 66
Chief Information Officer and Exec. VP
Ms. Jayne L. Cavuoto ,
Director of Investor Relations
Mr. Matthew G. Ash Esq., 70
Chief Legal Officer, Exec. VP and Sec.
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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