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Newtek

#7566

Rank

$307.56M

Marketcap

US United States

Country

Newtek
Leadership team

Mr. Nicholas J. Leger (Principal Financial Officer & Chief Accounting Officer)

Mr. Barry Scott Sloane (Chairman, Pres & CEO)

Ms. Halli Razon-Feingold (Sr. VP of HR, Chief Admin. Officer & Interested Director)

Products/ Services
3D Technology, Animation, TV
Number of Employees
100 - 500
Headquarters
San Antonio, Texas, United States
Established
1985
Company Registration
SEC CIK number: 0001587987
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
NEWT
Social Media
Overview
Location
Summary
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.
History

NewTek was founded in 1985 and is headquartered in San Antonio, Texas. The company has a long history of revolutionary video and streaming production systems, beginning with the Video Toaster, the world's first integrated personal video production system. Throughout its history, NewTek has focused on creating innovative products and solutions that provide the highest levels of quality and performance.

Mission
Newtek Business Services Corp. (NASDAQ: NEWT) and its portfolio companies are premier providers of business solutions that are designed to help organizations grow sales, reduce costs, and minimize risk.
Vision
NewTek is focused on imaging and streaming with the mission of making video creation anew. We strive to ensure that everyone with a passion for video can express it through our products. We believe in the power of collaboration, enabling our users to tell stories that have an impact on their communities and beyond.
Key Team

Mr. Michael Adam Schwartz (Chief Legal Officer, Chief Compliance Officer & Sec.)

Mr. Nicolas Young (Chief Risk Officer)

Mr. Peter Mathison Downs (Chief Lending Officer & Director)

Ms. Jayne L. Cavuoto-Krafchik (Director of Investor Relations)

Mr. Brian O. Moon (Treasurer & Sr. VP of Corp. Devel.)

Mr. Timothy C. Ihlefeld (Exec. VP of Strategic Alliances and Chief Sales Officer)

Mr. Albert Spada (Exec. VP of Small Bus. Lending)

Recognition and Awards
NewTek has earned several industry awards over the years, including multiple Emmy Awards, Technical Achievement Awards, and Product of the Year awards. NewTek was also recognized as one of the top 12 companies in the world for video production technology in 2013 and 2014.
References

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Newtek
Leadership team

Mr. Nicholas J. Leger (Principal Financial Officer & Chief Accounting Officer)

Mr. Barry Scott Sloane (Chairman, Pres & CEO)

Ms. Halli Razon-Feingold (Sr. VP of HR, Chief Admin. Officer & Interested Director)

Products/ Services
3D Technology, Animation, TV
Number of Employees
100 - 500
Headquarters
San Antonio, Texas, United States
Established
1985
Company Registration
SEC CIK number: 0001587987
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
NEWT
Social Media