Below are the latest news stories about Newtek Business Services Corp that investors may wish to consider to help them evaluate NEWT as an investment opportunity.
BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business Finance, LLC (“NSBF”), the Company’s nationally licensed lender under the U.S. Small Business Administration (“SBA”) Section 7(a) Program, has been granted early access to the Paycheck Protection Program (“PPP”) loan portal beginning today. Beginning at 9:00 am ET this morning, the SBA re-opened the PPP loan portal to PPP-eligible lenders with $1.0 billion or less in assets, including community banks and credit unions, for first- and second-draw PPP loan applications. The PPP loan portal will fully open on Tuesday, January 19, 2021 to all other participating PPP lenders to submit first- ... Yahoo | January 15, 2021 |
BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced the pricing of its public offering of $100 million in aggregate principal amount of 5.50% Notes Due 2026 (the “Notes”). The Notes will mature on February 1, 2026 and may be redeemed in whole or in part at any time or from time to time at Newtek’s option on or after February 1, 2022, upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price equal to the following amounts, plus accrued and unpaid interest to, but excluding, the redemption date: (1) 100% of the principal amount of the Notes to be redeemed plus (2) the sum of the prese... Yahoo | January 15, 2021 |
BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT), an internally managed business development company (“BDC”), provides Newtek CEO’s, Barry Sloane, comments on the Company’s pricing of its $100 million public offering of 5.50% Notes due 2026 (the “Notes”). Newtek expects to list the Notes on the Nasdaq Global Market under the trading symbol “NEWTZ.”Barry Sloane, President, Chairman and CEO, of Newtek commented, “We are pleased to announce the pricing of our $100 million bond transaction at 5.50%, which, for us, is record in size for a publicly traded baby bond issuance as well as a record-low coupon. This issuance was rated BBB+ by Egan Jones, and garnered strong institutional demand. We anticipate using the net proceeds from the sale of ... Yahoo | January 15, 2021 |
BOCA RATON, Fla., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business Finance, LLC (“NSBF”), the Company’s nationally licensed lender under the U.S. Small Business Administration (“SBA”) Section 7(a) Program, is fully prepared to participate in the $284 billion Paycheck Payment Program (“PPP”) “second draw”, beginning January 11, 2021, which was authorized by Congress as part of the Consolidated Appropriations Act, 2021. This legislation was signed into law on December 27, 2020 and is set to expire on March 31, 2021. NSBF funded $1.19 billion PPP loans for the twelve months ended December 31, 2020, as part of the “first draw” of the PPP. “First-draw” lo... Yahoo | January 11, 2021 |
Newtek CEO, Barry Sloane, to Host Webinar to Introduce and Demonstrate the Broad Functionality of Newtek Payment SystemsBOCA RATON, Fla., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it has launched its website for Newtek Payment Systems (“NPS”) at https://www.newtekpaymentsystems.com/. NPS is Newtek’s portfolio company, which offers a cloud-based point-of-sale (“POS”) solution. In the third quarter of 2019, Newtek acquired a 51% interest in POS on Cloud d/b/a NPS which owns a cloud-based POS system for a variety of small- and medium-sized businesses, providing not only payments and purchase technology solutions, but also inventory, customer management, reporting, instan... Yahoo | December 15, 2020 |
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