- CEO
- Barry Sloane
- Full Time Employees
- 591
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4800 T-Rex Avenue Boca Raton MD United States of America 33431-4479
- IPO Date
- Jan 25, 2021
- Business
- NewtekOne, Inc., formerly Newtek Business Services Corp., operates as a financial holding company and bank holding company for Newtek Bank, National Association, providing a comprehensive suite of business and financial solutions to small- and medium-sized businesses (SMBs) across all 50 U.S. states. The company offers lending solutions including SBA 7(a) loans, SBA 504 loans, alternative loans, business term loans, commercial real estate loans, and lines of credit secured by receivables, inventory, or healthcare receivables; electronic payment processing with omni-channel POS systems, mobile payments, and ecommerce solutions; payroll and HR services encompassing processing, labor management, time tracking, employee benefits, and group health; insurance products such as commercial, personal, and health coverage; technology solutions including cloud-based IT infrastructure, managed services, Office 365, email hosting, file sharing, bookkeeping software, and custom line-of-business applications; plus banking services through high-yield savings accounts and the Newtek Advantage cloud-based operating platform that integrates access to experts, digital tools, and core services. Founded in 1998 and headquartered in Boca Raton, Florida, NewtekOne maintains additional operations in locations including Lake Success, New York; Phoenix, Arizona; Orlando, Florida; New York City; and Indianapolis, Indiana. In recent developments, the company changed its name from Newtek Business Services Corp. to NewtekOne, Inc. in January 2023 following the acquisition of National Bank of New York City to form Newtek Bank; expanded its alternative loan program in 2025 with a $70 million increase to its Deutsche Bank revolving credit facility, raising it to $170 million and projecting originations over $400 million; completed a $184 million securitization of alternative loans in April 2025; entered a September 2025 securities exchange agreement with Patriot Financial Partners, converting preferred stock and cash into common stock to bolster capital by approximately $30 million in common equity tier one; and forecasts originating around $1.9 billion in total business loans in 2025, including growth in SBA lending volume.