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.

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BOCA RATON, Fla., March  23, 2020  (GLOBE NEWSWIRE) --  Newtek Business Services Corp ., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business Finance (“NSBF”), the Company’s nationally licensed SBA-lender subsidiary, is  prepared to extend capital to small- and medium-sized businesses as part of the proposed Coronavirus Aid, Relief and Economic Security Act (CARES Act) that is currently under consideration in the U.S. Senate. The proposal in its current form includes $350 billion to be allocated for Small Business Interruption Loans, which would assist small businesses with fewer than 500 employees affected by the pandemic by providing loans under the Small Business Administration (“SBA”) Section 7(a) program to cover their payroll and other working capital expenses.  The CARES Act, in its present form being considered by the U.S. Senate, provides that qualifying small businesses may borrow up to $10.0 million from SBA  lenders through the existing SBA 7(a) loan guarantee program.

Newtek Small Business Finance Positioned to Extend Capital to Small- and Medium-Sized Businesses as Part of the Proposed Coronavirus Aid, Relief and Economic Security Act (CARES Act)

BOCA RATON, Fla., March  18, 2020  (GLOBE NEWSWIRE) --  Newtek Business Services Corp ., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it's working together with its employees and portfolio companies to deal with the current challenging environment created by the spread of COVID-19 (Coronavirus).  Last week, Newtek successfully tested and enacted its Business Continuity plan, without any impact to its business operations. Newtek and its portfolio companies are fully operational and servicing its borrowers and customers without interruption.  Newtek and its portfolio companies employees’ health and safety are of paramount importance, as is providing the service and support our borrowers and customers have come to expect.  The Company has been able to affect social distancing in our offices by moving to an odd- and even-day work schedule.  In addition, as a result of the prior planning by the Company with the assistance of Newtek Technology Solutions and IPM, the Company is fully able to support any of our employees’ need to work from home for extended periods of time, leveraging our secure VPN infrastructure and cloud-based phone system to access our systems and ensure that customer data is secure. The Company has been and will continue to be diligent in monitoring this evolving situation and take any necessary and appropriate actions to keep its employees safe and healthy, while also ensuring our business operations remain fully functional.

Newtek Business Services Corp. Provides Update on Operations

Newtek Business Services' (NEWT) CEO Barry Sloane on Q4 2019 Results - Earnings Call Transcript

Newtek Business Services Corp. (NEWT) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Moving Average Crossover Alert: Newtek Business Services

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Reiterates its 2020 Annual Dividend Forecast of $2.19 per Share Reiterates its 2020 Annual Dividend Forecast of $2.19 per Share

Newtek Business Services Corp. Declares First Quarter 2020 Dividend of $0.44 per Share

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Newtek: An Investment Bank Rather Than A BDC

Newtek and Portfolio Companies Close Approximately $250 Million in Loans in the Fourth Quarter of 2019 Newtek and Portfolio Companies Close Approximately $250 Million in Loans in the Fourth Quarter of 2019

Newtek Small Business Finance, LLC Funded a Quarterly Record $183.0 Million in SBA 7(a) Loans in the Fourth Quarter of 2019; an Increase of 22.8% over Fourth Quarter 2018

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Intends to Offer All-Encompassing Payment Systems Through Financial Institution Partnerships and Direct to Merchants Intends to Offer All-Encompassing Payment Systems Through Financial Institution Partnerships and Direct to Merchants

Newtek Business Services Corp. Acquires Majority Stake in POS On Cloud Software

Newtek Business Services Corp. (NEWT) CEO Barry Sloane on Q3 2019 Results - Earnings Call Transcript

Higher total investment income boosts Newtek's (NEWT) Q3 earnings, partly muted by escalating costs.

Newtek (NEWT) Q3 Earnings Beat on Higher Investment Income

Newtek (NEWT) delivered earnings and revenue surprises of 10.53% and 17.11%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Newtek (NEWT) Surpasses Q3 Earnings and Revenue Estimates

Newtek Business' (NEWT) third-quarter 2019 results are expected to reflect the adverse impact of an expected fall in investment income.

What to Expect From Newtek Business (NEWT) in Q3 Earnings

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Meets 2019 Annual Dividend Guidance of $2.15 per Share Meets 2019 Annual Dividend Guidance of $2.15 per Share

Newtek Business Services Corp. Declares Fourth Quarter 2019 Dividend of $0.71 per Share

Reconfirms 2019 Annual Dividend Forecast of $2.15 per Share Reconfirms 2019 Annual Dividend Forecast of $2.15 per Share

Newtek Prices its 10th and Largest S&P-Rated Loan Securitization

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Newtek Business Services Corp. Raises its 2019 Annual Dividend Forecast to $2.15 per Share; Represents a 19.4% Increase over the Company’s 2018 Annual Dividend Payment Newtek Business Services Corp. Raises its 2019 Annual Dividend Forecast to $2.15 per Share; Represents a 19.4% Increase over the Company’s 2018 Annual Dividend Payment

Newtek Business Services Corp. Declares Third Quarter 2019 Dividend of $0.58 per Share; a 20.8% Increase over the Third Quarter 2018 Dividend

Newtek Business Services Corp. (NEWT) CEO Barry Sloane on Q2 2019 Results - Earnings Call Transcript

Newtek (NEWT) delivered earnings and revenue surprises of -1.72% and -1.26%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Newtek (NEWT) Misses Q2 Earnings and Revenue Estimates

Newtek Business Services Corp. (NEWT) CEO Barry Sloane on Q1 2019 Results - Earnings Call Transcript

News for Newtek Business Services Stock (NEWT)