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Newtek Business Services Corp (NASDAQ:NEWT)

17.47
Delayed Data
As of Nov 22
 0.00 / 0.00%
Today’s Change
14.70
Today|||52-Week Range
18.16
+9.87%
Year-to-Date
SECTOR
Commercial Services
INDUSTRY
Miscellaneous Commercial Services
MARKET CAP
$316.3M

Company Description

Newtek Business Services Corp. is an non-diversified closed-end management investment company, which engages in the provision of wide range of business services and financial products under the Newtek brand to small-and-medium sized business market. It operates through the following 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 made through Capco programs and others which could not be aggregated with other operating segments, including insurance and payroll processing. 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 stakeholders7.92%
Mutual fund holders3.79%
Other institutional17.98%

Top Executives

Barry SloaneChairman, President & Chief Executive Officer
Jennifer Catherine EddelsonChief Accounting Officer & Executive VP
John RavenChief Technology & Security Information Officer
Jesse H. DavisDirector-Information Technology
Michael Adam SchwartzSecretary, Chief Legal & Compliance Officer