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.
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.
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 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.