Newtek Business Services, Inc.

Sector: Business Services Not Elsewhere Classified Region: NY, United States

Exchange/Ticker: Nasdaq: NEWT

Company Description

Newtek Business Services, Inc. provides financial and business services to the small and medium sized business market. The Small Business Authority is a brand of Newtek Business Services, Inc. It operates through six segments: Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, Corporate Activities and Capcos. The Electronic Payment Processing segment markets third party credit card processing and check approval services to the small and medium sized business market under the name of Newtek Merchant Solutions. The Managed Technology Solutions segment offers shared and dedicated web hosting, data storage and backup services, cloud computing plan and related services to the small and medium sized business market. The Small Business Finance segment originates, sells and services loans to qualifying small businesses. The All Other segment includes results from businesses formed from investments in qualified businesses made through Capco programs which cannot be aggregated with other operating segments. The Corporate Activities segment implements business strategy, directs marketing, provides technology oversight and guidance, coordinates and integrates activities of the segments, contracts with alliance partners, acquires customer opportunities, and owns its proprietary NewTracker referral system. The Capco segment consists of twelve certified capital companies which invests in small- and medium-sized businesses. The company was founded in 1998 and is headquartered in New York, NY.

Similar to: Next One Interactive, Inc.

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