NewtekOne, Inc. NEWT

Company Overview

NewtekOne, Inc. (NASDAQ: NEWT) is a financial holding company that provides business and financial solutions primarily to independent business owners and small- to medium-sized enterprises (SMEs) in the United States. The company operates across commercial lending, payments, technology, insurance, payroll, and banking services, positioning itself as an integrated provider of business solutions rather than a traditional monoline lender. NewtekOne historically built its business around U.S. Small Business Administration (SBA) lending and has been one of the more active non-bank SBA 7(a) lenders in the U.S. market. Its revenue drivers include interest income from lending operations, loan servicing and sale income, payment processing revenue, technology services, and fee-based business services.

The company evolved from a business development company (BDC) structure into a financial holding company following the acquisition of National Bank of New York City in 2023, which was subsequently renamed Newtek Bank, N.A. This transition materially expanded NewtekOne’s banking capabilities and funding structure. The company’s strategy centers on cross-selling financial and operational services to business clients through a unified platform, leveraging SBA expertise, technology-enabled distribution, and long-standing relationships with small business customers.