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Newtek Business Services

Newtek Business Services
1998 FOUNDED
PUBLIC STATUS
101-200 EMPLOYEES
NEWT STOCK SYMBOL
7 INVESTMENTS
$22.05 SHARE PRICE (As of Friday Closing)
Description

Newtek Business Services Corp is a provider of business solutions in the United States. As a business solutions company, it assists its client's business with its expertise and technology. Its hoard of services includes financial, payroll, payment, technology and insurance solutions. Under financial services, it offers consumer loans and commercial loans servicing. Its electronic payment processing includes credit and debit card processing, check approval and e-commerce. Under technology, it provides website hosting, dedicated server, cloud hosting services, and web design services. Newtek also looks for investment opportunities by investing in debt and equity instruments of early-stage enterprises.

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
BPO/Outsource Services
Other Industries
Specialized Finance
Stock Exchange
NAS
Primary Office
  • 1981 Marcus Avenue
  • Suite 130
  • New York, NY 11042
  • United States

+1 (212) 000-0000
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Newtek Business Services Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$15.59 - $23.99 $423M $21.73 $1.99 128K 19.2M

Newtek Business Services Financials Summary

In Thousands,
USD
TTM
30-Jun-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 800,038 624,231 557,980 406,992
Revenue 54,956 49,515 38,914 30,965
EBITDA 56,416 52,228 50,775 36,041
Net Income 37,706 35,678 38,976 27,305
Total Assets 701,894 653,341 519,611 401,450
Total Debt 380,508 334,036 218,243 171,242
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Newtek Business Services Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Newtek Business Services Investments & Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 00000000000 01-Jan-2018 00000 0000000 Specialized Finance
000000 0000000 000 24-Oct-2017 000000000000000000 00.000 Specialized Finance 00000 000000
0000000000000 0000 06-Apr-2017 000000000000000000 000.00 IT Consulting and Outsourcing 00000 000000
0000-0000 00000000 29-Jun-2016 000000000000000000 Specialized Finance 00000 000000
Premier Payment Systems 27-Jul-2015 Merger/Acquisition 000.00 Network Management Software 00000 000000
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Newtek Business Services Subsidiaries (5)

Company Name Industry Location Founded
United Capital Source Specialized Finance Long Island City, NY 2011
0000-0000 00000000 Specialized Finance Westfield, IN 0000
000000 00000 00000 Lender New York, NY 0000
000 000 00000000 0 Other Financial Services West Hempstead, NY
0000000000000 0000 IT Consulting and Outsourcing New York, NY
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Newtek Business Services Executive Team (11)

Name Title Board
Seat
Contact
Info
Gary Taylor President and Chief Operating Officer
John Raven Chief Security Information Officer & Chief Technology Officer
Harold Gartner Executive Managing Director
Peter Downs Chief Lending Officer & Board Member
Michael Schwartz Executive & Secretary

4 Former Executives

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Newtek Business Services Board Members (6)

Name Representing Role Since Contact
Info
00000 000000 Self Chief Executive Officer, President & Chairman 000 0000
00000 00000 Newtek Business Services Chief Lending Officer & Board Member 000 0000
0000000 000000 CohnReznick Board Member 000 0000
000000000 00000 Self Board Member 000 0000

2 Former Board Members

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