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NEWT| Name | Value |
|---|---|
| Revenues | 46.2M |
| Cost of Revenue | 17.0M |
| Gross Profit | 29.2M |
| Operating Expense | -33.2M |
| Operating I/L | 13.0M |
| Other Income/Expense | -22.9M |
| Interest Income | 26.7M |
| Pretax | 13.0M |
| Income Tax Expense | 3.0M |
| Net Income/Loss | 10.0M |
Newtek Business Services Corp. is a business development company that provides financial and business services to small and medium-sized businesses in the United States. The company offers debt and equity investments, including first and second lien loans, unsecured loans, and small business administration loans. Its services include electronic payment processing, managed technology solutions, small business finance, and insurance products. Newtek also provides website hosting, design and development, internet marketing, data storage, ecommerce services, and a mobile operating platform. The company generates revenue through interest income from loans, fees from payment processing, and insurance product sales.
