Barry Sloane, CEO of Newtek Business Services Inc., bought 4,000 shares of Newtek Business Services Inc. (Stock Symbol: Enter NEWT) at $2.66 per share for a total amount of $10.6 thousand on May 15th, 2014.
Newtek Business Services Inc. is located in New York, NY.
On 04/30/2014, Newtek Business Services, Inc. NASDAQ: NEWT, The Small Business Authority®, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,500 respondents, the key finding from the April survey is that 65% of business owners feel their website is complete. Only 35% of those polled said their website is not complete, with 46% unsure about what they would change. Of the remaining, 27% would change the appearance of their website, 23% would change the content of their website, and 4% would change their domain name.
On 05/07/2014, Newtek Business Services, Inc. announced its latest quarterly results. Newtek Business Services, Inc. (NEWT) (www.thesba.com) The Small Business Authority®, a provider of business services and financial products to the small- and medium-sized business market, announced today its financial results for the three months ended March 31, 2014.
According to Capital IQ, Newtek Business Services, Inc. has a market cap of $95.01 million, an enterprise value of $183.61 million, and trailing 12 month revenues of $13.40 million.
Newtek Business Services, Inc. provides financial and business services to the small-and medium-sized business market in the United States and internationally. The company operates in six segments: Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, Corporate, and Capcos. It offers electronic payment processing services, such as credit and debit card processing, check approval, and ancillary processing equipment and software to merchants. The company also provides Website, dedicated server, and cloud hosting services; Web design and development, Internet marketing, data storage and backup, and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design, Web hosting, and Web related services. In addition, it originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers accounts receivable financing and other lending products. Further, the company offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions; and sells personal, commercial, and health/benefits lines of insurance products. Additionally, it provides Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. The company also offers payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The company was founded in 1998 and is headquartered in New York, New York.
Barry Sloane’s most recent annual compensation from Newtek Business Services, Inc. is a salary of $650,000, $138,750 in other compensation, and a total compensation of $788,750. Mr. Sloane is 53 years old.
According to his biography, Mr. Barry Sloane is Chairman of the Board, Chief Executive Officer, Secretary of Newtek Business Services Inc. He has been an executive officer of each of the Company-sponsored certified capital companies for more than five years. From September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc. While there, he directed the Commercial and Residential Real Estate Securitization Unit, and he was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, Mr. Sloane was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of “Aegis Consumer Funding.” From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgage-backed securities. From August 1982 to September 1988 Mr. Sloane was a senior mortgage security salesman and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber.
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