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About the company
Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls. The Company is a national non-bank lender that provides, together with its controlled portfolio companies, a range of business services and financial products under the Newtek brand to the small and medium-sized business (SMB) market. The Company issues debt and makes equity investments in portfolio companies in various industries. Its products and services include Business Lending including the United States Small Business Administration (SBA) 7(a) and 504 lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Data Backup, and Payroll and Benefits Solutions to SMB accounts across all industries.
- Revenue in USD (TTM)126.18m
- Net income in USD41.59m
- LocationNewtek Business Services Corp4800 T REX AVENUE, SUITE 120BOCA RATON 33431United StatesUSA
- Phone+1 (212) 356-9500
Mergers & acquisitions
|Acquired company||Deal status||Date||Date /|
|NEWT:NMQ since |
|Cloud On POS||Deal completed||20 Nov 2019||20 Nov 2019Deal completed||-15.44%||--|