Newtek Business Services Corp.

Newtek Business Services Corp.

Newtek Business Services Corp.

Overview
Date Founded

2013

Headquarters

1981 Marcus Avenue,Suite 130,Lake Success, NY 11042

Type of Company

Public

Employees (Worldwide)

110

Industries

Other Business & Consulting Services
Accounting & Financial Services

Company Description

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. It offers loans, payments, payroll and benefits, web solutions, insurance, and technology solutions. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

Contact Data
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Executives & Employees

President, Chairman & Chief Executive Officer

Chief Legal Officer, Chief Compliance Officer & Secretary

Chief Risk Officer

Director & Chief Lending Officer

Chief Accounting Officer & Principal Financial Officer

Chief Credit Officer & Chief Risk Officer for Newtek Merchant Solutions

Head-Investor & Public Relations

Director of Marketing

Director, Credit Operations-Newtek Small Business Lending

Executive Vice President, Strategic Alliances

Board of Directors

President, Chairman & Chief Executive Officer at Newtek Business Services Corp.

Chief Financial Officer at PAXmed, Inc.

Professional at RTM Financial Services, Inc.

Director & Chief Lending Officer at Newtek Business Services Corp.

Director-Asia Pacific Sales at Exigo Corporate Finance Ltd.

Director at Newtek Business Services Corp.

Former Co-Chair, Cancer Center at Miami Children’s Health Foundation

Chief Legal Officer, Chief Compliance Officer & Secretary at Newtek Business Services Corp.

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Newtek Business Services Corp.
Owners & Shareholders
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BAI invests client’s money in stocks, bonds, and other types of investments, using a long-term, buy-and-hold strategy. The firm primarily uses the stocks of smaller companies, because they believe that over longer periods of time smaller-company stocks provide higher returns than large-company stocks.

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Bidwell is a large-cap GARP investor. They focus on quantitative behavorial investment techniques. The firm maintains a high turnover rate.

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All Season Financial Advisors utilizes an active trading approach to generate returns using their own proprietary trading system. All strategies use specialty mutual funds, ETFs, individual stocks, limited partnerships, bonds, or a combination of all, to generate returns.

Recent Transactions
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Newtek Business Services Corp. purchases National Bank of New York City

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Newtek Business Services Corp. purchases POS on Cloud LLC

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Newtek Business Services Corp. purchases International Professional Marketing, Inc.

Transaction Advisors
Auditor

Advised onNewtek Business Services Corp. issued USD Common Stock

Underwriter

Advised onNewtek Business Services Corp. issued USD Common Stock

Auditor

Advised onNewtek Business Services Corp. issued USD Common Stock

Legal Advisor

Advised onNewtek Business Services Corp. purchases National Bank of New York City

Legal Advisor

Advised onNewtek Business Services Corp. purchases National Bank of New York City

Key Stats and Financials As of 2020
Market Capitalization
$637M
Total Enterprise Value
$825M
Earnings Per Share
$1.59
Revenue
$104M
Enterprise Value / Sales
7.97x
TEVNet Income
24.55x
Debt TEV
0.56x
Net Profit
$33.6M
Total Equity
$339M
Total Debt
$460M
Three Year Compounded Annual Growth Rate Of Revenue
9.76%
EBITDAMargin
50.16%
Enterprise Value EBITDAOperating
15.72x
EBITDA
$52M
Investments
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PowerAdz.com offers consumers access to an unparalleled marketplace of local and national classified ads and unique, relevant content. Affiliates using the PowerAdz.com infrastructure find their sites engage viewers longer, and provide extended exposure for participating advertisers. All PowerAdz products are designed to enhance a consumer's online experience by providing the type of information, related content and state-of-the-art features they're looking for without the need to search the entire Internet. And, because the data is aggregated and accessible across the entire PowerAdz.com network, consumers can find what they need locally, wherever they happen to be.

Suppliers
Morgan Stanley Private Equity & Venture Capital | New York, NY

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan in 1924 and is headquartered in New York, NY.

New York Community Bancorp, Inc. Other Insurance Services | Westbury, New York

New York Community Bancorp, Inc. is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.

ENT Credit Union Accounting & Financial Services | Colorado Springs, Colorado

ENT Credit Union provides financial and investment services. It provides financial services to its members through service centers, online & telephone banking, call center and mortgage loan center. The company was founded in 1957 and is headquartered in Colorado Springs, CO.

Competitors
JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Apollo Global Management, Inc. Private Equity & Venture Capital - New York, New York

Since its founding in 1990, Apollo has grown to become one of the world's largest alternative investment managers. As of June 30, 2012, we had total assets under management of $105 billion, with a team of 616 employees located in ten offices around the world. We attribute our success to our key competitive strengths: our investment process and approach to investing, which incorporates our flexibility to invest throughout market cycles and across the capital structure, our deep industry expertise and focus on complex transactions, our investment edge which creates proprietary investment opportunities, and our collaboration with portfolio company management teams; our integrated business model which combines the strength of our private equity, credit-oriented capital markets, and real estate platforms, and also includes a dedicated Natural Resources Fund; our long-standing investor relationships which include many of the world’s most prominent pension and endowment funds, financial institutions and individuals; our long-term capital base; our strong management team and reputation; and our alignment of interests with investors in our funds and shareholders. We operate our businesses in an integrated manner, which we believe distinguishes us from other alternative investment managers. Our investment professionals frequently collaborate and share information across disciplines including market insight, management, banking and consultant contacts as well as potential investment opportunities, which contributes to our library of industry knowledge and enables us to invest successfully across a company’s capital structure. The integrated Apollo platform and the experience of our investment team have enabled us to deliver strong long-term investment performance in our funds throughout a range of economic cycles. Our investment approach is value-oriented, focusing on industries in which we have considerable knowledge, and emphasizing downside protection and the preservation of capital. We are frequently contrarian in our investment approach, which is reflected in a number of ways, including: our willingness to invest in industries that our competitors typically avoid; the often complex structures we employ in some of our investments, including our willingness to pursue difficult corporate carve-out transactions; our experience investing during periods of uncertainty or distress in the economy or financial markets; our orientation towards sole-sponsored transactions; and our willingness to undertake transactions that have substantial business, regulatory or legal complexity. We have successfully applied this investment philosophy since Apollo's founding, allowing us to identify what we believe to be attractive investment opportunities, deploy capital across the balance sheet of industry leading businesses, and create value for our investors throughout economic cycles.

GoDaddy, Inc. IT Consulting & Services - Tempe, AZ

GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.

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