NewtekOne (NASDAQ:NEWT) (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.
The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing. In addition to these credit products, NewtekOne delivers ancillary services such as payment processing, payroll administration, human resources outsourcing, insurance brokerage and cybersecurity solutions. This integrated platform approach enables clients to address multiple operational requirements through a single provider, streamlining administrative processes and reducing overall costs.
Founded in 1998, NewtekOne has built a track record of supporting businesses in a variety of industries, from manufacturing and retail to healthcare and professional services. The company elected to operate as a regulated business development company in 2013, enabling it to deploy capital under a framework that is tailored to the needs of growing enterprises. Headquartered in New York City, NewtekOne has established a network of regional offices and lending professionals to ensure responsive, local support for its national customer base.
Under the leadership of Chairman and Chief Executive Officer Barry M. Sloane, NewtekOne pursues a growth strategy that combines organic loan origination with selective acquisitions of complementary service providers. The senior management team brings deep expertise in small business lending, financial technology, and regulatory compliance, positioning the company to adapt to evolving market dynamics and continue expanding its suite of services to entrepreneurs across the country.
