Daily News: May 30, 2019

Former GE Exec DeSantis Joins Newtek as Director/Credit Operations


Newtek Small Business Lending, a subsidiary of Newtek Business Services, has hired James DeSantis as director of Credit Operations.

DeSantis comes to Newtek Small Business Lending with an extensive background in credit underwriting, portfolio management, and lending operations. He will report to Peter Downs, chief lending officer, and will be responsible for supervising all aspects of credit and credit underwriting across Newtek’s various lending programs.

Prior to joining Newtek, DeSantis was chief credit officer and vice president at The Credit Junction. Prior to The Credit Junction, he spent 14 years at GE Commercial Finance most recently as senior vice president, Portfolio and Underwriting Corporate Lending Group. Prior to GE, DeSantis held positions at Congress Financial Corporation, Bank of America Business Credit/Security Pacific and Citicorp. Industrial Credit.

“We are fortunate to be able to pick up someone with over 30 years of experience working for top lending organizations in the U.S. with a focus on middle-market and small- to medium-sized business credit. James DeSantis is now the third recent executive that comes to Newtek and its portfolio companies with a GE Commercial Finance pedigree and history,”
said Barry Sloane, CEO

Newtek Business Services is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek brand to the small- and medium-sized business market.