Business development company providing financial and business services to small and medium-sized businesses.
Newtek Business Services Corp. stands out as a versatile business development company dedicated to supporting small and medium-sized enterprises (SMEs) across the United States. Founded in 1998 and headquartered in Boca Raton, Florida, with multiple offices nationwide, Newtek offers a comprehensive suite of financial and business services. The company's operations are structured across several segments including Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos, enabling it to cater to diverse needs within the SME market.
Newtek Business Services Corp. distinguishes itself through its proactive approach to business financing. It provides a range of financial products including debt and equity investments, focusing on first and second lien loans with flexible terms tailored to meet the unique requirements of small businesses. The company also offers Small Business Administration (SBA) loans for various purposes such as real estate acquisition, equipment financing, and working capital, demonstrating its commitment to facilitating growth and expansion opportunities for its clients.
Moreover, Newtek's service portfolio extends beyond traditional lending to encompass electronic payment processing, managed technology solutions, web hosting and design, ecommerce services, and insurance products. Its innovative Newtek Advantage platform further enhances client accessibility to real-time business data and operational tools via mobile and digital platforms. Through strategic alliances with prominent institutions and its broad geographical presence, Newtek Business Services Corp. continues to play a pivotal role in empowering SMEs with the resources and expertise needed to thrive in a competitive market landscape.