Newtek Business Services

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. Its products and services include business lending, electronic payment processing, managed technology solutions (cloud computing), technology consulting, ecommerce, accounts receivable, inventory financing, personal and commercial lines insurance services, web services, data backup, storage and retrieval, and payroll and benefits solutions to small-and-medium sized businesses (SMB) accounts nationwide across all industries. The company was founded by Barry Sloane in 1998 and is headquartered in New York, NY.

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NewtekOne, Inc. is a financial holding company, which engages in the provision of business and financial solutions. Its brands include Newtek Bank, Newtek Lending, Newtek Payments, Newtek Insurance, Newtek Payroll, and Newtek Technology. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Business Lending, LLC (“NBL”), Newtek's portfolio company that originates and funds SBA 504 loans, closed a $100 million credit facility with Deutsche Bank AG. The facility will be used to fund SBA 504 loans and has an initial two-year term.

Newtek Business Lending, LLC Closes $100 Million Credit Facility with Deutsche Bank AG

BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that David Simon has joined Newtek Merchant Solutions (“NMS”), one of Newtek's payment processing portfolio companies, as Chief Operating Officer. Mr. Simon will also join Newtek Business Services Corp. in the role as advisor to Newtek's CEO.

Newtek Business Services Corp.'s Portfolio Company Hires David Simon as Chief Operating Officer of Newtek Merchant Solutions

BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today its financial and operating results for the twelve months ended December 31, 2020.

Newtek Business Services Corp. Reports Full Year 2020 Financial Results

Company Provides Forecasts on Key Metrics for 2021 Company Provides Forecasts on Key Metrics for 2021

Newtek Business Services Corp. Increases its 2021 Annual Dividend Forecast to a Range of $2.40 to $2.90 per Share

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BOCA RATON, Fla., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a first quarter 2021 cash dividend of $0.501 per share. The first quarter 2021 dividend is payable on March 31, 2021 to shareholders of record as of March 22, 2021. The payment of the first quarter 2021 dividend would represent a 13.6% increase over the first quarter 2020 dividend of $0.44 per share, and a 25% increase over the first quarter 2019 dividend of $0.40 per share.

Newtek Business Services Corp. Declares First Quarter 2021 Dividend of $0.50 per Share

NEWT was uniquely positioned to take advantage of the PPP programs in 2020. In 2021, NEWT will get a big boost from the new stimulus with more PPP programs, plus their core business will be back to full speed.

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BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business Finance, LLC (“NSBF”), the Company's nationally licensed lender under the U.S. Small Business Administration (“SBA”) Section 7(a) Program, has been granted early access to the Paycheck Protection Program (“PPP”) loan portal beginning today. Beginning at 9:00 am ET this morning, the SBA re-opened the PPP loan portal to PPP-eligible lenders with $1.0 billion or less in assets, including community banks and credit unions, for first- and second-draw PPP loan applications. The PPP loan portal will fully open on Tuesday, January 19, 2021 to all other participating PPP lenders to submit first- and second-draw PPP loan applications.

Newtek Small Business Finance Has Begun Accessing the Paycheck Protection Program Loan Portal Beginning Today

BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT), an internally managed business development company (“BDC”), provides Newtek CEO's, Barry Sloane, comments on the Company's pricing of its $100 million public offering of 5.50% Notes due 2026 (the “Notes”).  Newtek expects to list the Notes on the Nasdaq Global Market under the trading symbol “NEWTZ.”

Newtek Business Services Corp.'s CEO, Barry Sloane, Comments on the Company's $100 Million Public Offering of 5.50% Notes Due 2026

BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced the pricing of its public offering of $100 million in aggregate principal amount of 5.50% Notes Due 2026 (the “Notes”). The Notes will mature on February 1, 2026 and may be redeemed in whole or in part at any time or from time to time at Newtek's option on or after February 1, 2022, upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price equal to the following amounts, plus accrued and unpaid interest to, but excluding, the redemption date: (1) 100% of the principal amount of the Notes to be redeemed plus (2) the sum of the present value of the scheduled payments of interest (exclusive of accrued and unpaid interest to the date of redemption) on the Notes to be redeemed from the redemption date until February 1, 2023, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using the applicable Treasury Rate plus 50 basis points; provided, however, that if Newtek redeems any Notes on or after February 1, 2023 (the date falling three years prior to the maturity date of the Notes), the redemption price for the Notes will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the date of redemption. The Notes will bear interest at a rate of 5.50% per year payable quarterly. Newtek has also granted the underwriters a 30-day option to purchase up to an additional $15 million in aggregate principal amount of the Notes to cover overallotments, if any. Newtek intends to use the net proceeds from the sale of the Notes to fund investments in debt and equity securities in accordance with its investment objective and strategies. Newtek may use the net proceeds to fully or partially pay down, retire, or redeem certain of its outstanding indebtedness, including the outstanding 6.25% Notes due 2023 (the “2023 Notes”). As of January 12, 2021, Newtek had approximately $57.5 million of aggregate principal amount outstanding, plus accrued interest, of 2023 Notes, which mature on March 1, 2023 and bear interest at a rate of 6.25%. Newtek may also use the net proceeds for general corporate purposes, including making direct investments in portfolio companies.

Newtek Business Services Corp. Prices a Public Offering of 5.50% Notes Due 2026

BOCA RATON, Fla., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business Finance, LLC (“NSBF”), the Company's nationally licensed lender under the U.S. Small Business Administration (“SBA”) Section 7(a) Program, is fully prepared to participate in the $284 billion Paycheck Payment Program (“PPP”) “second draw”, beginning January 11, 2021, which was authorized by Congress as part of the Consolidated Appropriations Act, 2021. This legislation was signed into law on December 27, 2020 and is set to expire on March 31, 2021.

Newtek Small Business Finance Prepared to Participate in the $284 Billion Paycheck Protection Program “Second Draw” Beginning January 11, 2021

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Newtek CEO, Barry Sloane, to Host Webinar to Introduce and Demonstrate the Broad Functionality of Newtek Payment Systems Newtek CEO, Barry Sloane, to Host Webinar to Introduce and Demonstrate the Broad Functionality of Newtek Payment Systems

Newtek Payment Systems, Newtek's Cloud-Based Point-of-Sale Solution, Launches New Website

Video Replay of Webinar Now Available Video Replay of Webinar Now Available

Newtek Technology Solutions Hosted Webinar About Navigating the Ever-Changing Cloud-Computing Technology Landscape

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BOCA RATON, Fla., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek's CEO, Barry Sloane, and the experts from Newtek's technology portfolio company, Newtek Technology Solutions, will host a webinar to discuss the importance of navigating the new cloud-computing technology landscape in today's ever-changing operating environment. The webinar will take place on Tuesday, December 8, 2020 at 3PM EST, and will discuss how small- and medium-sized businesses can manage their IT in a secure private cloud, as well as what businesses can do to be at the forefront of innovative technology processes. Specific topics will include, ecommerce solutions, managed IT services to protect against security threats, and the advantages of private cloud hosting for scaling and managing an organization.

Newtek CEO, Barry Sloane, to Host Webinar to Discuss Navigating the Ever-Changing Cloud-Computing Technology Landscape

NEWT's business is focused on providing loans to small businesses. It has benefited immensely from the government's aggressive stimulus programs in response to Covid-19. Unlike most BDCs, it also generates income from a variety of related technology and services businesses. This makes it more resilient to credit problems.

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BOCA RATON, Fla., Nov. 11, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a fourth quarter 2020 cash dividend of $0.471 per share. The fourth quarter 2020 dividend is payable on December 30, 2020 to shareholders of record as of December 18, 2020. With the payment of the fourth quarter 2020 dividend, the Company will have paid $2.05 per share in 2020.

Newtek Business Services Corp. Declares Fourth Quarter 2020 Dividend of $0.47 per Share

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