Webster Provides $50MM Newtek Business Services Financing

Newtek Business Services announced that Premier Payments and Newtek Merchant Solutions closed $50 million in financing arranged by Webster Bank.

Newtek Signs LOI for New $75MM SBA Facility with Capital One

Newtek Business Services signed a letter of intent for a proposed $75 million senior secured revolving credit facility through Capital One.

Goldman Sachs Upsizes Newtek Term Loan by $12MM

Goldman Sachs increased its commitments under a term loan facility for portfolio companies of Newtek Business Services by $12 million for a total of $50 million.

Newtek Hires Taylor as President/COO

Newtek Business Services hired Gary T. Taylor as president and COO of Newtek Business Credit, a wholly owned portfolio company.

Capital One Increases Newtek Financing to $50 Million

Newtek Business Services announced its lending subsidiary, Newtek Small Business Finance, received approval/documentation from Capital One to increase its existing revolver to $50 million.

Capital One Enters Into $20MM Credit Agreement

Newtek Business Services announced that it has entered into a $20 million credit agreement with Capital One, which consists of a $10 million term loan and a $10 million revolving credit facility.

Goldman Sachs to Provide Newtek $75MM Revolver

Newtek Business Services announced that its subsidiary SBA-licensed 7(a) non-bank lender, Newtek Small Business Finance, entered into a letter of commitment for a new revolving financing facility with Goldman Sachs.

SB Index Shows Small Business Economy Improvement

Newtek Business Services, The Small Business Authority®, announced the release of the SB Authority Index of small business indicators for August reaching 121.17 points. Year-over-year, the SB Authority Index is up.

Keltic Names New Sales VP, Mid-Atlantic Regional Manager

Keltic Financial Services announced the appointment of William J.R. Bahls to its sales team as vice president and mid-Atlantic regional manager. Previously, he has worked for Summit Financial and Presidential Financial.