Newtek Business Services Inc (NASDAQ:NEWT)

2.72
Data as of Jul 10
 +0.02 / +0.74%
Today’s Change
2.06
Today|||52-Week Range
3.43
-13.38%
Year-to-Date
SECTOR
Commercial Services
INDUSTRY
Miscellaneous Commercial Services
MARKET CAP
$99.8M

Company Description

Newtek Business Services, Inc. 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 Capcos. 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 in 1998 and is headquartered in New York, NY.

Contact Information

Newtek Business Services, Inc.
212 West 35th Street
New York New York 10001
P:(212) 356-9500
Investor Relations:

Employees

Shareholders

Other institutional8.00%
Mutual fund holders5.09%
Individual stakeholders32.07%

Top Executives

Barry R. SloaneChairman, President, CEO & Head-Investor Relations
Jennifer Catherine EddelsonExecutive VP, Chief Financial & Accounting Officer
Craig Jeffry BrunetChief Information Officer & Executive VP
Sundeep DronawatExecutive Vice President
David LeoneSenior Vice President

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