Newtek Bus Svcs Cmn (NEWT) 13.30 $NEWT
Newtek Reports an Approximate 41% Year-Over-Year Increase in SBA 7(a) Loan Fundings to $75.8 Million for the Second Quarter of 2016
GlobeNewswire - Mon Aug 01, 11:12AM CDT
Newtek Business Services Corp., (NASDAQ:NEWT), an internally managed business development company ("BDC"
, today announced that Newtek Small Business Finance, LLC, its lending subsidiary, funded $75.8 million of SBA 7(a) loans for the quarter ended June 30, 2016, a 40.6% increase over $53.9 million for the quarter ended June 30, 2015. For the six months ended June 30, 2016, SBA 7(a) loan fundings increased by 27.4% to $131.9 million, compared to $103.5 million for the same period one year ago. SBA 7(a) loan fundings were $25.9 million in July 2016, which represents the largest dollar volume of SBA 7(a) loans funded during the month of July in the Company's history.
NEWT: 13.30 (+0.25)
5 Low PE Stocks with Great Growth Prospects
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 9:49AM CDT
We have picked five stocks that have a P/E ratio of less than 12, boast a favorable Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) and carry a Growth Style Score of "A" or "B"
KEP: 27.37 (+0.18), OME: 22.68 (+0.16), NEWT: 13.30 (+0.25), BGSF: 21.01 (-0.05), DF: 18.89 (+0.43)
D.A. Davidson & Co. Initiates Research Coverage on Newtek Business Services Corp.
GlobeNewswire - Thu Jun 16, 12:25PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that D.A. Davidson & Co. initiated research coverage on the Company. For more information on the initiation report, you may contact the D.A. Davidson analyst, Arren Cyganovich, CFA, at acyganovich@dadco.com.
NEWT: 13.30 (+0.25)
Newtek Declares Second Quarter Dividend of $0.35 Per Share
GlobeNewswire - Thu Jun 09, 1:09PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that its board of directors declared a second quarter cash dividend of approximately $5.1 million, or $0.35 per share, payable on June 30, 2016 to shareholders of record as of June 20, 2016. In addition, the Company is reconfirming its full year 2016 dividend forecast of $22.0 million, or $1.52 per share.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. To Present at the LD Micro Invitational on June 8, 2016
GlobeNewswire - Thu Jun 02, 8:00AM CDT
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that Newtek's CEO and President, Barry Sloane, has been invited to present at the LD Micro Invitational at the Luxe Sunset Bel Air Hotel in Los Angeles, California on Wednesday, June 8, 2016 at 9:30 AM PDT (12:30 PM EDT), Track 2. Barry Sloane will be available for one-on-one meetings. To schedule a meeting, please contact your LD Micro representative, or Jayne Cavuoto, Director of Investor Relations for Newtek, at 212-273-8179 or jcavuoto@thesba.com.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces New Stock Repurchase Program
GlobeNewswire - Wed May 11, 1:26PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that its Board of Directors approved a new share repurchase program (the "Program" under which the Company may repurchase up to 150,000 shares (the "Shares" of the outstanding shares of Company common stock, par value $0.02 (the "Common Stock". The Shares represent approximately 1.0% of the Company's outstanding Common Stock as of March 31, 2016. The repurchases shall be effected through open market purchases, including block purchases, in such manner as will comply with the provisions of the Investment Company Act of 1940 and the Securities Exchange Act of 1934, as amended (the "1934 Act". Unless extended or terminated by its Board of Directors, the Company expects the termination date for this new repurchase program will be on November 11, 2016. The Company expects to finance the repurchases with available liquidity and the repurchased Shares will be designated as authorized but unissued Common Stock. In addition, the Company will continuously evaluate alternate and strategic uses of its capital depending on, among other things, the fair value of Newtek's Common Stock and the other available capital deployment opportunities.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces Full Exercise of Underwriters' Overallotment Option in its Public Offering of 7.00% Notes Due 2021
GlobeNewswire - Tue May 10, 1:53PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that the underwriters for the Company's public offering of $35,000,000 in aggregate principal amount of its 7.00% Notes due 2021 (the "Notes" have fully exercised their option to purchase an additional $5,250,000 in aggregate principal amount of the Notes, and closed the overallotment today. The offering of the initial amount of Notes closed on April 22, 2016 and, as previously reported, the size of the offering was increased from $25,000,000 in aggregate principal amount to $35,000,000 in aggregate principal amount (in each case, excluding any overallotment option) as a result of investor demand. The total proceeds received by the Company from the offering equals $38,841,250, which includes the full exercise of the overallotment option, less underwriters' discounts and commissions. The Notes trade on the Nasdaq Global Market under the trading symbol "NEWTL".
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Reports First Quarter 2016 Adjusted Net Investment Income of $0.34 Per Share
GlobeNewswire - Wed May 04, 3:05PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", announced today its financial results for the three months ended March 31, 2016.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. to Report First Quarter 2016 Financial Results on Wednesday, May 4, 2016 After Market Close
GlobeNewswire - Mon Apr 25, 1:24PM CDT
Newtek Business Services Corp., (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that it will report its first quarter 2016 financial results on Wednesday, May 4, 2016 at 4:05 pm ET. A conference call to discuss these results will be hosted by Barry Sloane, Chairman, President and Chief Executive Officer, and Jennifer Eddelson, Executive Vice President and Chief Accounting Officer, the following morning, Thursday, May 5, 2016 at 8:30 am ET. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Opens New Office in Long Island, New York
GlobeNewswire - Mon Apr 18, 10:02AM CDT
Newtek Business Services Corp. ("Newtek" (NASDAQ:NEWT), an internally managed business development company ("BDC", announced today that it opened and commenced operations from its new office located at 1981 Marcus Avenue in Lake Success, New York on April 11, 2016. The office is approximately 34,000 square feet and will house employees of Newtek and four of Newtek's portfolio companies. There are currently 114 employees in this location, with the capacity to accommodate a total of 214 employees.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces Upsizing and Pricing of Public Offering of 7.00% Notes Due 2021
GlobeNewswire - Fri Apr 15, 4:06PM CDT
Newtek Business Services Corp. (Nasdaq:NEWT) ("Newtek" announced today the pricing of its previously announced public offering of its 7.00% notes due 2021 (the "Notes" and that it has increased the size of the offering from $25,000,000 in aggregate principal amount to $35,000,000 in aggregate principal amount (in each case, excluding any overallotment option). The Notes will mature on March 31, 2021, and may be redeemed in whole or in part at any time or from time to time at Newtek's option on or after April 22, 2017. The Notes will bear interest at a rate of 7.00% per year payable quarterly on March 31, June 30, September 30 and December 31 of each year, beginning June 30, 2016. Newtek has also granted the underwriters a 30-day option to purchase up to an additional $5,250,000 million in aggregate principal amount of the Notes to cover overallotments, if any.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces Offering of Notes Due 2021
GlobeNewswire - Wed Apr 13, 9:26AM CDT
Newtek Business Services Corp. (NASDAQ:NEWT) ("Newtek" announced today the commencement of a public offering of $25,000,000 in aggregate principal amount of its notes due 2021 (the "Notes". The Notes are expected to be listed on the Nasdaq Global Market and to trade thereon within 30 days of the original issue date. Newtek also expects to grant the underwriters in the offering a 30-day option to purchase up to an additional $3,750,000 in aggregate principal amount of Notes to cover overallotments, if any.
NEWT: 13.30 (+0.25)
Newtek (NEWT) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Fri Mar 18, 9:13AM CDT
Newtek Business Services Corp. (NEWT) has been on the move lately as the stock has risen by 30% in the past four weeks, and it is currently trading well above its 20-Day SMA
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Reports Full Year 2015 Financial Results
GlobeNewswire - Mon Mar 07, 3:05PM CST
Newtek Business Services Corp. ("Newtek" or the "Company", (NASDAQ:NEWT), an internally managed business development company ("BDC", announced today its financial results for the year ended December 31, 2015.
NEWT: 13.30 (+0.25)
Majority of Business Owners Have No Plan to Change Headcount
GlobeNewswire - Tue Feb 09, 8:00AM CST
Newtek Business Services Corp., (NASDAQ:NEWT) (www.thesba.com) The Small Business Authority, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 960 respondents, the key finding from the January survey is 73% of business owners plan to keep their number of employees the same.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Reports 2015 Common Stock Dividend Tax Allocation
GlobeNewswire - Mon Feb 01, 10:28AM CST
Newtek Business Services Corp. ("Newtek" or the "Company" (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced the calculation of the dividend tax status for its dividends paid in 2015. The Company announced that 35.8% of the regular quarterly cash dividends paid in 2015 will be reported as qualified dividends with a preferential tax rate with the remaining 63.6% reported as ordinary dividends. The fourth quarter dividend of $0.40 per share that was paid on January 19, 2016 will be allocated to the 2016 tax year. In addition, as previously disclosed by the Company, 100% of the special dividend of $2.69 per share, which was paid on December 31, 2015, will be reported as a qualified dividend.
NEWT: 13.30 (+0.25)
President of Newtek Technology Solutions, John Raven, Will Be the Keynote Speaker at the HMG Strategy, LLC 2016 Phoenix CIO Executive Leadership Summit
GlobeNewswire - Tue Jan 26, 12:35PM CST
Newtek Business Services Corp. ("Newtek" or the "Company" (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that John Raven, President and Chief Operating Officer of Newtek Technology Solutions, one of the Company's wholly owned portfolio companies, will be the keynote speaker at the HMG Strategy, LLC 2016 Phoenix CIO Executive Leadership Summit at the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch. Mr. Raven will address the attendees on Thursday, February 4, 2016 at 11:10 am MT. Mr. Raven will discuss invisible infrastructure and the enterprise trend of moving hardware, software, technology and labor into a cloud environment. HMG Strategy, LLC has an international network of over 110,000 global CIO and senior IT leaders who actively engage and share leadership strategies to help other CIOs be successful.
NEWT: 13.30 (+0.25)
Minimal Growth in the Small Business Economy Continues
GlobeNewswire - Mon Jan 18, 8:46AM CST
Newtek Business Services Corp., (NASDAQ:NEWT), The Small Business Authority, announced today the release of the SB Authority Index of small business indicators for November 2015 which reached 131.05 points. Approved SBA lending volumes, new entity formation and the Russell Microcap Index led the increase. The SB Authority Index is up 0.14% from October 2015. On a year-over-year comparison, the SB Authority Index is up 1.20%.
NEWT: 13.30 (+0.25)
Newtek Reports an Approximate 21% Year-over-Year Increase in 2015 SBA Loan Fundings to $245 Million
GlobeNewswire - Thu Jan 14, 8:25AM CST
Newtek Business Services Corp. ("Newtek" or the "Company" (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that the BDC and one of its wholly owned portfolio companies funded approximately $245 million of SBA 7(a) and 504 loans in 2015, representing an approximate 21% increase over all SBA loan fundings in 2014. In the fourth quarter of 2015, one of the Company's wholly owned portfolio companies began funding SBA 504 loans. Both SBA 7(a) and 504 loan programs are administered by the Small Business Administration. In 2016, the Company projects funding approximately $320 million in SBA 7(a) and 504 loans, which would represent an approximate 31% increase over 2015.
NEWT: 13.30 (+0.25)
Newtek Reports an Approximate 41% Year-Over-Year Increase in SBA 7(a) Loan Fundings to $75.8 Million for the Second Quarter of 2016
GlobeNewswire - Mon Aug 01, 11:12AM CDT
Newtek Business Services Corp., (NASDAQ:NEWT), an internally managed business development company ("BDC"
, today announced that Newtek Small Business Finance, LLC, its lending subsidiary, funded $75.8 million of SBA 7(a) loans for the quarter ended June 30, 2016, a 40.6% increase over $53.9 million for the quarter ended June 30, 2015. For the six months ended June 30, 2016, SBA 7(a) loan fundings increased by 27.4% to $131.9 million, compared to $103.5 million for the same period one year ago. SBA 7(a) loan fundings were $25.9 million in July 2016, which represents the largest dollar volume of SBA 7(a) loans funded during the month of July in the Company's history. NEWT: 13.30 (+0.25)
5 Low PE Stocks with Great Growth Prospects
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 9:49AM CDT
We have picked five stocks that have a P/E ratio of less than 12, boast a favorable Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) and carry a Growth Style Score of "A" or "B"
KEP: 27.37 (+0.18), OME: 22.68 (+0.16), NEWT: 13.30 (+0.25), BGSF: 21.01 (-0.05), DF: 18.89 (+0.43)
D.A. Davidson & Co. Initiates Research Coverage on Newtek Business Services Corp.
GlobeNewswire - Thu Jun 16, 12:25PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that D.A. Davidson & Co. initiated research coverage on the Company. For more information on the initiation report, you may contact the D.A. Davidson analyst, Arren Cyganovich, CFA, at acyganovich@dadco.com. NEWT: 13.30 (+0.25)
Newtek Declares Second Quarter Dividend of $0.35 Per Share
GlobeNewswire - Thu Jun 09, 1:09PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that its board of directors declared a second quarter cash dividend of approximately $5.1 million, or $0.35 per share, payable on June 30, 2016 to shareholders of record as of June 20, 2016. In addition, the Company is reconfirming its full year 2016 dividend forecast of $22.0 million, or $1.52 per share. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. To Present at the LD Micro Invitational on June 8, 2016
GlobeNewswire - Thu Jun 02, 8:00AM CDT
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that Newtek's CEO and President, Barry Sloane, has been invited to present at the LD Micro Invitational at the Luxe Sunset Bel Air Hotel in Los Angeles, California on Wednesday, June 8, 2016 at 9:30 AM PDT (12:30 PM EDT), Track 2. Barry Sloane will be available for one-on-one meetings. To schedule a meeting, please contact your LD Micro representative, or Jayne Cavuoto, Director of Investor Relations for Newtek, at 212-273-8179 or jcavuoto@thesba.com. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces New Stock Repurchase Program
GlobeNewswire - Wed May 11, 1:26PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that its Board of Directors approved a new share repurchase program (the "Program" under which the Company may repurchase up to 150,000 shares (the "Shares" of the outstanding shares of Company common stock, par value $0.02 (the "Common Stock". The Shares represent approximately 1.0% of the Company's outstanding Common Stock as of March 31, 2016. The repurchases shall be effected through open market purchases, including block purchases, in such manner as will comply with the provisions of the Investment Company Act of 1940 and the Securities Exchange Act of 1934, as amended (the "1934 Act". Unless extended or terminated by its Board of Directors, the Company expects the termination date for this new repurchase program will be on November 11, 2016. The Company expects to finance the repurchases with available liquidity and the repurchased Shares will be designated as authorized but unissued Common Stock. In addition, the Company will continuously evaluate alternate and strategic uses of its capital depending on, among other things, the fair value of Newtek's Common Stock and the other available capital deployment opportunities. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces Full Exercise of Underwriters' Overallotment Option in its Public Offering of 7.00% Notes Due 2021
GlobeNewswire - Tue May 10, 1:53PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that the underwriters for the Company's public offering of $35,000,000 in aggregate principal amount of its 7.00% Notes due 2021 (the "Notes" have fully exercised their option to purchase an additional $5,250,000 in aggregate principal amount of the Notes, and closed the overallotment today. The offering of the initial amount of Notes closed on April 22, 2016 and, as previously reported, the size of the offering was increased from $25,000,000 in aggregate principal amount to $35,000,000 in aggregate principal amount (in each case, excluding any overallotment option) as a result of investor demand. The total proceeds received by the Company from the offering equals $38,841,250, which includes the full exercise of the overallotment option, less underwriters' discounts and commissions. The Notes trade on the Nasdaq Global Market under the trading symbol "NEWTL". NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Reports First Quarter 2016 Adjusted Net Investment Income of $0.34 Per Share
GlobeNewswire - Wed May 04, 3:05PM CDT
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", announced today its financial results for the three months ended March 31, 2016. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. to Report First Quarter 2016 Financial Results on Wednesday, May 4, 2016 After Market Close
GlobeNewswire - Mon Apr 25, 1:24PM CDT
Newtek Business Services Corp., (NASDAQ:NEWT), an internally managed business development company ("BDC"
, today announced that it will report its first quarter 2016 financial results on Wednesday, May 4, 2016 at 4:05 pm ET. A conference call to discuss these results will be hosted by Barry Sloane, Chairman, President and Chief Executive Officer, and Jennifer Eddelson, Executive Vice President and Chief Accounting Officer, the following morning, Thursday, May 5, 2016 at 8:30 am ET. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Opens New Office in Long Island, New York
GlobeNewswire - Mon Apr 18, 10:02AM CDT
Newtek Business Services Corp. ("Newtek"
(NASDAQ:NEWT), an internally managed business development company ("BDC", announced today that it opened and commenced operations from its new office located at 1981 Marcus Avenue in Lake Success, New York on April 11, 2016. The office is approximately 34,000 square feet and will house employees of Newtek and four of Newtek's portfolio companies. There are currently 114 employees in this location, with the capacity to accommodate a total of 214 employees. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces Upsizing and Pricing of Public Offering of 7.00% Notes Due 2021
GlobeNewswire - Fri Apr 15, 4:06PM CDT
Newtek Business Services Corp. (Nasdaq:NEWT) ("Newtek"
announced today the pricing of its previously announced public offering of its 7.00% notes due 2021 (the "Notes" and that it has increased the size of the offering from $25,000,000 in aggregate principal amount to $35,000,000 in aggregate principal amount (in each case, excluding any overallotment option). The Notes will mature on March 31, 2021, and may be redeemed in whole or in part at any time or from time to time at Newtek's option on or after April 22, 2017. The Notes will bear interest at a rate of 7.00% per year payable quarterly on March 31, June 30, September 30 and December 31 of each year, beginning June 30, 2016. Newtek has also granted the underwriters a 30-day option to purchase up to an additional $5,250,000 million in aggregate principal amount of the Notes to cover overallotments, if any. NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Announces Offering of Notes Due 2021
GlobeNewswire - Wed Apr 13, 9:26AM CDT
Newtek Business Services Corp. (NASDAQ:NEWT) ("Newtek"
announced today the commencement of a public offering of $25,000,000 in aggregate principal amount of its notes due 2021 (the "Notes". The Notes are expected to be listed on the Nasdaq Global Market and to trade thereon within 30 days of the original issue date. Newtek also expects to grant the underwriters in the offering a 30-day option to purchase up to an additional $3,750,000 in aggregate principal amount of Notes to cover overallotments, if any. NEWT: 13.30 (+0.25)
Newtek (NEWT) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Fri Mar 18, 9:13AM CDT
Newtek Business Services Corp. (NEWT) has been on the move lately as the stock has risen by 30% in the past four weeks, and it is currently trading well above its 20-Day SMA
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Reports Full Year 2015 Financial Results
GlobeNewswire - Mon Mar 07, 3:05PM CST
Newtek Business Services Corp. ("Newtek" or the "Company"
, (NASDAQ:NEWT), an internally managed business development company ("BDC", announced today its financial results for the year ended December 31, 2015. NEWT: 13.30 (+0.25)
Majority of Business Owners Have No Plan to Change Headcount
GlobeNewswire - Tue Feb 09, 8:00AM CST
Newtek Business Services Corp., (NASDAQ:NEWT) (www.thesba.com) The Small Business Authority, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 960 respondents, the key finding from the January survey is 73% of business owners plan to keep their number of employees the same.
NEWT: 13.30 (+0.25)
Newtek Business Services Corp. Reports 2015 Common Stock Dividend Tax Allocation
GlobeNewswire - Mon Feb 01, 10:28AM CST
Newtek Business Services Corp. ("Newtek" or the "Company"
(NASDAQ:NEWT), an internally managed business development company ("BDC", today announced the calculation of the dividend tax status for its dividends paid in 2015. The Company announced that 35.8% of the regular quarterly cash dividends paid in 2015 will be reported as qualified dividends with a preferential tax rate with the remaining 63.6% reported as ordinary dividends. The fourth quarter dividend of $0.40 per share that was paid on January 19, 2016 will be allocated to the 2016 tax year. In addition, as previously disclosed by the Company, 100% of the special dividend of $2.69 per share, which was paid on December 31, 2015, will be reported as a qualified dividend. NEWT: 13.30 (+0.25)
President of Newtek Technology Solutions, John Raven, Will Be the Keynote Speaker at the HMG Strategy, LLC 2016 Phoenix CIO Executive Leadership Summit
GlobeNewswire - Tue Jan 26, 12:35PM CST
Newtek Business Services Corp. ("Newtek" or the "Company"
(NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that John Raven, President and Chief Operating Officer of Newtek Technology Solutions, one of the Company's wholly owned portfolio companies, will be the keynote speaker at the HMG Strategy, LLC 2016 Phoenix CIO Executive Leadership Summit at the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch. Mr. Raven will address the attendees on Thursday, February 4, 2016 at 11:10 am MT. Mr. Raven will discuss invisible infrastructure and the enterprise trend of moving hardware, software, technology and labor into a cloud environment. HMG Strategy, LLC has an international network of over 110,000 global CIO and senior IT leaders who actively engage and share leadership strategies to help other CIOs be successful. NEWT: 13.30 (+0.25)
Minimal Growth in the Small Business Economy Continues
GlobeNewswire - Mon Jan 18, 8:46AM CST
Newtek Business Services Corp., (NASDAQ:NEWT), The Small Business Authority, announced today the release of the SB Authority Index of small business indicators for November 2015 which reached 131.05 points. Approved SBA lending volumes, new entity formation and the Russell Microcap Index led the increase. The SB Authority Index is up 0.14% from October 2015. On a year-over-year comparison, the SB Authority Index is up 1.20%.
NEWT: 13.30 (+0.25)
Newtek Reports an Approximate 21% Year-over-Year Increase in 2015 SBA Loan Fundings to $245 Million
GlobeNewswire - Thu Jan 14, 8:25AM CST
Newtek Business Services Corp. ("Newtek" or the "Company"
(NASDAQ:NEWT), an internally managed business development company ("BDC", today announced that the BDC and one of its wholly owned portfolio companies funded approximately $245 million of SBA 7(a) and 504 loans in 2015, representing an approximate 21% increase over all SBA loan fundings in 2014. In the fourth quarter of 2015, one of the Company's wholly owned portfolio companies began funding SBA 504 loans. Both SBA 7(a) and 504 loan programs are administered by the Small Business Administration. In 2016, the Company projects funding approximately $320 million in SBA 7(a) and 504 loans, which would represent an approximate 31% increase over 2015. NEWT: 13.30 (+0.25)
