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Newtek Small Business Finance Retains Position as Largest

Newtek Small Business Finance Retains Position as Largest

BOCA RATON, Fla., April 12, 2022 (World NEWSWIRE) — Newtek Company Solutions Corp., (NASDAQ: NEWT), an internally managed business enterprise progress firm (“BDC”), today declared that Newtek Modest Small business Finance (“NSBF”) retained its placement as the major non-financial institution lender (with PLP position) certified by the SBA under the federal Section 7(a) mortgage method, based on loan acceptance dollar volume as of March 31, 2022. In addition, NSBF was ranked as the 2nd largest SBA 7(a) financial institution, together with financial institutions, by loan acceptance dollar volume as of March 31, 2022.

Barry Sloane, President, Chairman and CEO Newtek commented, “We are thrilled to have retained our place as the best rated non-bank SBA 7(a) financial institution between banking companies, and next most significant SBA 7(a) loan company including banking companies. Remaining a major SBA 7(a) loan provider is testament to our continued concentration and inherent efficiencies in our SBA 7(a) financial loan software. We strategy on continuing to improve this platform and are psyched about what the long term retains for our lending application and Firm as a entire. We seem forward to reporting our first quarter 2022 economic final results for the duration of the initial week in May well.”

Newtek Organization Expert services Corp., Your Business Alternatives Corporation®, is an internally managed BDC, which along with its controlled portfolio providers, provides a large selection of business enterprise and economic answers less than the Newtek® brand name to the little- and medium-sized business enterprise (“SMB”) current market. Since 1999, Newtek has supplied point out-of-the-art, expense-successful goods and solutions and economical enterprise procedures to SMB relationships across all 50 states to enable them mature their revenue, handle their charges, and lessen their chance.

Newtek’s and its portfolio companies’ products and solutions and providers include things like: Enterprise Lending, SBA Lending Remedies, Electronic Payment Processing, Technological innovation Alternatives (Cloud Computing, Facts Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Funding, Coverage Methods, Website Expert services, and Payroll and Positive aspects Alternatives.

Newtek® and Your Business enterprise Methods Firm® are registered emblems of Newtek Small business Products and services Corp.

Be aware Concerning Ahead Looking Statements

This press launch incorporates particular ahead-hunting statements. Phrases this kind of as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or comparable expressions are intended to determine forward-wanting statements. All forward-looking statements entail a selection of risks and uncertainties that could trigger genuine outcomes to differ materially from the ideas, intentions and anticipations mirrored in or advised by the ahead-seeking statements. These types of threats and uncertainties involve, among others, intensified levels of competition, functioning challenges and their effects on revenues and revenue margins, expected future small business techniques and monetary overall performance, expected foreseeable future range of buyers, business potential customers, legislative developments and related issues. Threat aspects, cautionary statements and other problems, which could cause Newtek’s precise benefits to vary from management’s present-day anticipations, are contained in Newtek’s filings with the Securities and Exchange Commission and readily available through   Newtek cautions you that ahead-seeking statements are not guarantees of potential general performance and that true success or developments may differ materially from these projected or implied in these statements.

Source: Newtek Business enterprise Companies Corp.

Investor Relations & General public Relations
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 / [email protected]