Newtek Business Services Corp (NEWT)

NewtekOne, Inc. is a common stock listing on NASDAQ and represents the equity of a financial services company that acts as the bank holding company for Newtek Bank, National Association. Through the Newtek and NewtekOne brands, the company serves small and medium-sized businesses with a range of banking and business solutions. Its activities include accepting several types of deposits, originating loans such as SBA, commercial and industrial, and commercial real estate loans, and providing electronic payment processing services. These payment services cover card processing, check approval, processing equipment and software, and cloud-based point-of-sale systems for businesses in sectors such as restaurants, retail, assisted living, taxi services, parks, and golf courses. The company also provides wholesale brokerage insurance agency services, payroll management, related tax reporting, and inbound and outbound calling services. Founded in 1998 and headquartered in Boca Raton, Florida, the company was previously known as Newtek Business Services Corp. before adopting the NewtekOne name in January 2023.

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