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Blue Chip Growth

Stock Report: Newtek Business Services Corp. (NEWT) Report Updated: Aug 22, 2016 | Print This Page

Get more stock ratings by Louis Navellier

Newtek Business Services Corp. (NEWT)

Rating: Hold Volatility: Conservative
Total Grade: C Industry: Capital Markets
Competitors: HNNA,HLI,INTL,IFMI

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: C down no change
Last Week: C same no change
Two Weeks Ago: C up no change
service keys

Newtek Business Services Corp.© quotemedia

Company Profile

Newtek Business Services Corp., a business development company, provides financial and business services to the small-and medium-sized business market in the United States and internationally. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides accounts receivable financing and management services. Its electronic payment processing services include credit and debit card processing, check approval, and ancillary processing equipment and software to merchants. The company also provides Website, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The company was founded in 1998 and is headquartered in New York, New York.