Newtek Business Services Corp. (NASDAQ: NEWT) is an internally managed business development Company ("BDC") that provides a wide range of business services and financial products under the Newtek® brand to the small- and medium-sized business (SMB) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 business accounts across all 50 States to help them grow their sales, control their expenses and reduce their risk, according to the company’s website (see here: www.thesba.com). SNNLive caught up with Barry Sloane, Chairman, CEO, President of Newtek Business Services Corp. at the B. Riley & Co. Investor Conference 2015 in Hollywood, CA.
“Newtek Business Services Corp. is a business development corporation and we do business in all 50 states. We’re the largest non-bank government guaranteed lender in the United States. We process payments, which will be in excess of $5 billion this year for over 15,000 business customers. We provide cloud-computing services for over 40,000 customers, and we’re in the payroll and insurance agency business as well,” Mr. Sloane begins. He continues with an update about how business has been going.
Mr. Sloane then goes on to talk about how the Company derives new business; how Newtek does business with strategic alliance partners, specifically, for instance, the recent partnership with The Lending Club (See here: Newtek Business Services Corp. Forms Partnership with Lending Club), who are Newtek’s ideal customers, insight into 2015-2016, and how Netwek compares to their competition.
Since speaking with Mr. Sloane, the company has made following announcements:
For more information about Newtek Business Services Corp., go to: www.thesba.com
© 2017 Stock News Now
Supported by Superior Web Solutions