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Newtek Business Services Corp (NASDAQ:NEWT)

15.54
BATS BZX Real-Time Price
As of 1:03pm ET
 -0.18 / -1.15%
Today’s Change
9.37
Today|||52-Week Range
15.88
+8.52%
Year-to-Date
SECTOR
Commercial Services
INDUSTRY
Miscellaneous Commercial Services
MARKET CAP
$229.6M

Company Description

Newtek Business Services Corp. provides financial and business services to the small and medium sized business market. The Small Business Authority is a brand of Newtek Business Services, Inc. It operates through six segments: Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, Corporate Activities and Capco. The Electronic Payment Processing segment markets third party credit card processing and check approval services to the small and medium sized business market under the name of Newtek Merchant Solutions. The Managed Technology Solutions segment offers shared and dedicated web hosting, data storage and backup services, cloud computing plan and related services to the small and medium sized business market. The Small Business Finance segment originates, sells and services loans to qualifying small businesses. The All Other segment includes results from businesses formed from investments in qualified businesses made through Capco programs which cannot be aggregated with other operating segments. The Corporate Activities segment implements business strategy, directs marketing, provides technology oversight and guidance, coordinates and integrates activities of the segments, contracts with alliance partners, acquires customer opportunities, and owns its proprietary NewTracker referral system. The Capco segment consists of twelve certified capital companies which invests in small- and medium-sized businesses. The company was founded by Barry Sloane, in 1998 and is headquartered in New York, NY.

Contact Information

Newtek Business Services Corp.
1981 Marcus Avenue
New York New York 11042
P:(212) 356-9500
Investor Relations:
(212) 273-8179

Employees

Shareholders

Individual stakeholders9.05%
Mutual fund holders3.06%
Other institutional17.66%

Top Executives

Barry SloaneChairman, President & Chief Executive Officer
Jennifer Catherine EddelsonChief Financial & Accounting Officer, Executive VP
John RavenChief Technology & Information Security Officer
Nilesh JoshiChief Information Officer & Executive VP
Michael Adam SchwartzSecretary, Chief Legal & Compliance Officer