Newtek Business Services Corp. is a diversified financial technology company and internally managed business development company (BDC) that offers a suite of integrated business services to small and mid-sized enterprises across the United States. Through its banking, lending, payment processing, payroll and human resources, and e-commerce solutions, Newtek seeks to streamline operations and improve efficiency for its clients. The company’s model combines traditional commercial lending with value-added services designed to support every stage of a business’s lifecycle, from startup through growth and maturity.
The 5.50% Notes due 2026, traded under the ticker NEWTZ on the NASDAQ, represent senior unsecured obligations of Newtek Business Services Corp. The notes carry a fixed interest rate of 5.50% per annum, payable semi-annually, and mature in January 2026. Proceeds from the issuance of these notes were used to refinance existing indebtedness, support ongoing lending activities, and fund strategic growth initiatives aimed at expanding Newtek’s service offerings and market reach.
Founded in 1998 and headquartered in New York, Newtek has built its platform through a combination of organic growth and targeted acquisitions. Under the leadership of Founder and Chief Executive Officer Barry Sloane, the company has grown its asset base and service capacity to address the evolving needs of small business owners. Newtek operates nationally, serving clients in a diverse range of industries, and maintains a focus on delivering technology-driven solutions with personalized support.
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