Newtek Business Services, Inc. · New York, NY United States ·(NASDAQ (GM): NEWT)
Company Description
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This link will open in a new window Newtek wants to meet businesses in the middle, and small ones too. Holding company Newtek Business Services invests in certified capital companies (Capcos), which are authorized in eight states and Washington, DC. It has stakes in 15 Capcos that issue debt and equity securities to insurance firms, then use the funds to mainly invest in small and midsized financial and business services firms. Newtek's portfolio includes companies that offer Small Business Administration (SBA) loans, electronic merchant payment processing, Web hosting, insurance, tax preparation, accounts receivable financing, and back-office support to small and midsized businesses.
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Key Newtek Business Services, Inc. Financials
| Company Type | Public - NASDAQ (GM): NEWT Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $98.9 |
| 2008 Employees | 284 |
Newtek Business Services, Inc. Executives
22 executives listed for Newtek Business Services, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman, CEO, and Secretary | Barry Sloane | Network |
| SVP CFO | Seth Cohen | Network |
| EVP CIO | Craig Brunet | Network |
Competition
Competitive Landscape for Newtek Business Services, Inc.
Demand is driven primarily by the pace of technological innovation and the number of companies created to commercialize new technologies. The profitability of individual companies depends on successfully choosing and managing a portfolio of investments. Large companies have advantages in attracting investors, developing expertise in multiple technology markets, and funding large deals. Small companies can compete effectively by concentrating on specific market sectors or geographic areas. The average venture capital investment is about $8 million. Individual, or angel, investors, and large companies with strategic interests in early-stage companies are also sources of new venture funding. To read the full description, subscribe now.Top Newtek Business Services, Inc. Competitors
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