Company Information

Get to know newtek business services corp. (nasdaq: newt)

Formerly known as Newtek Business Services Corp., the company transitioned from a Business Development Company (BDC) to a financial holding company in January 2023, rebranding as NewtekOne, Inc. Its mission is to be a one-stop-shop for independent business owners, offering a wide array of services through its various subsidiaries. These services include business lending (SBA and conventional loans), electronic payment processing, payroll and benefits solutions, insurance services, and managed technology solutions, all delivered through its "Newtek Advantage" platform. The company operates a nationally chartered bank, Newtek Bank, National Association, to support its lending and financial operations.

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newtek business services corp. (nasdaq: newt)

United States

Founded in

1998 (28 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.