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.