Newtek Small Business Finance Helps Businesses Retain 20,000 Employees Through Paycheck Protection Program (PPP) Loans
Newtek Business Services Corp. (NEWT)
Last newtek business services corp. earnings: 11/6 04:05 pm
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Source: GlobeNewswire
BOCA RATON, Fla., April 13, 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 estimating that for the week ending April 17, 2020, NSBF will fund between $200 to $250 million of PPP loans. NSBF further estimates that these PPP loan fundings will enable its customers to continue to fund the payroll of approximately 20,000 employees. As of April 13, 2020, NSBF has approved a total of $552 million of PPP loans that are awaiting an SBA E-Tran number. Stifel Financial Corp. and UBS, as well as other existing partners of Newtek, are providing NSBF with referrals and additional financing to originate PPP loans. Barry Sloane, Chairman, President and Chief Executive Officer said, “The continuing operations of small businesses
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NEWT
Earnings
- 10/29/25 - Beat
NEWT
Sec Filings
- 12/1/25 - Form 8-K
- 12/1/25 - Form 8-K
- 12/1/25 - Form 424B3
- NEWT's page on the SEC website