Newtek Business Services Subsidiary Receives $10 Million Line of Credit

Newtek Business Services, Inc. is a direct distributor to the small to medium-sized business market under the Newtek(tm) brand. According to the SBA, there are over 25.8 million small businesses in the United States, which in total represent 99.7% of all employer firms, generate 60 - 80% of all new jobs annually and create more than 50% of non-farm private GDP.

Since 1999, Newtek has helped these business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses. Newtek focuses on providing its 80,000 customers with access to financial, management and technological resources that enable them to better grow and compete in today’s marketplace.

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