Newtek Small Business Finance Funds First Group of Paycheck Protection Program (PPP) Loans For Its Clients
Newtek Business Services Corp. (NEWT)
Last newtek business services corp. earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
BOCA RATON, Fla., April 10, 2020 (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 currently funding its first group of Paycheck Protection Program (“PPP”) loans for its clients. The Company’s sole focus is to provide funds to small- and medium-sized businesses in all 50 states to help them sustain their employees and operations during this period of quarantine. The Company will release further funding data in the future. The Company is pleased to be working with its partners Stifel Financial Corp. and UBS Bank USA, as well as other existing partners who are providing NSBF with additional financing to originate PPP loans. Newtek also recognizes and appreciates the critical role the SBA plays in maintaining and strengthenin
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- 12/1/25 - Form 424B3
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