Newtek Business Services (NASDAQ: NEWT) is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The company also seeks to invest in early stage businesses and makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of one to 25 years; second lien loans, which have terms of five to 25 years; and unsecured loans, which are provided to meet short-term funding needs and are repaid within six to 12 months. It operates through electronic payment processing, managed technology solutions, small business finance, and Capcos segments. For more information, visit the company’s website at www.newtekone.com.
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