NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029
NEWTG
NASDAQ Global Market25.58
USD
-0.16
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NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029
NEWTG
(NASDAQ Global Market)
Recent
price
25.58
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- NewtekOne, Inc. operates as a financial holding company providing a comprehensive suite of business and financial solutions to small- and medium-sized businesses across all 50 U.S. states. The company offers banking services through its subsidiary Newtek Bank, N.A.; business lending including SBA 7(a) loans, SBA 504 loans, alternative loan program loans, commercial real estate conforming loans, and commercial and industrial conforming loans; electronic payment processing services comprising credit and debit card processing, check approval services, processing equipment, software, and cloud-based point-of-sale systems for restaurants, retail, assisted living, taxi cabs, parks, and golf courses; accounts receivable financing and inventory financing; payroll and benefits processing solutions; wholesale brokerage insurance agency services covering health, commercial, and personal insurance; and technology solutions including cloud computing, data backup, storage and retrieval, IT consulting, web design, and full e-commerce business solutions, all accessible via the Newtek Advantage cloud-based operating platform. Founded in 1998 and headquartered in Boca Raton, Florida, with additional offices in New York, Arizona, and other U.S. locations, NewtekOne, formerly known as Newtek Business Services Corp., changed its name in January 2023. Recent developments include reaffirming a $1.4 billion business loan origination forecast for 2024 with projected growth to $1.9 billion in 2025, primarily from alternative loans, SBA 504, and conforming loans; securing $95 million in financing from Goldman Sachs Alternatives in September 2025 for its subsidiary Newtek Merchant Solutions to refinance debt and support growth; completing a $30 million offering of 8.375% notes due 2030 in March 2025; and launching real-time, all-in-one business banking and merchant solutions with Newtek Bank.