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Blue Chip Growth

Stock Report: "Newtek Business Services, Inc." (NEWT) Report Updated: Oct 27, 2014 | Print This Page

Get more stock ratings by Louis Navellier

"Newtek Business Services, Inc." (NEWT)

Rating: Hold Volatility: Conservative
Total Grade: C Industry: IT Services
Competitors: SAIC, BAH, GPN, CRTN

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, Inc."© quotemedia

Company Profile

Newtek Business Services, Inc., doing business as The Small Business Authority, distributes a range of business services and financial products to the small- and medium-sized business market in the United States. The company provides electronic payment processing services, which include marketing of credit and debit card processing, check approval, and ancillary processing equipment and software services to merchants who accept credit cards, debit cards, checks, and other non-cash forms of payment. The company also offers managed technology and e-commerce solutions comprising shared and dedicated Web hosting, including domain registration and online shopping cart tools, cloud computing plans, and customized Web design and development services. In addition, it engages in originating, servicing, and selling 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, and working capital and business acquisitions; and provides off-site data backup, storage, and retrieval services. Further, the company offers personal, commercial, and health/benefits lines insurance products in 50 states; accounts receivable financing, billing, and accounts receivable maintenance services; and payroll management processing and employee tax filing services. It has a strategic alliance with Chartis, Inc. to provide agent services to small business clients. The company was founded in 1998 and is headquartered in New York, New York.

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