As a business development company, Newtek Business Services (NASDAQ: NEWT) is focused on providing financial and business services to the small- and medium-sized business market. Through its electronic payment processing, managed technology solutions, small business finance, and Capcos segments, Newtek has helped increase revenues, reduce expenses and minimize risks for over 100,000 business accounts. Newtek’s electronic payment and eCommerce solutions portfolio companies processed $4.7 million in sales for its eCommerce merchants on Black Friday 2016, a substantial 12.6% increase over Black Friday the year prior.
To learn more, visit www.newtekone.com
About Newtek Business Services Corp.
Newtek Business Services Corp., Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval), eCommerce, Accounts Receivable Financing & Inventory Financing, The Secure Gateway, The Newtek Advantage™, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.
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