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Newtek Hires Two Senior Executives

Newtek_Web_Services_noNewtNewtek has attracted and retained the talents of two senior executives, Susan Streich and Harold Gartner.

Susan Streich will be joining Newtek Business Services, Inc. and Newtek Small Business Finance, Inc., our nationally licensed SBA 7(a) lender, as Chief Risk Officer and Chief Compliance Officer. Ms. Streich has over 30 years of experience as an executive-level finance professional with extensive experience initiating and leading national small business lending departments ensuring their compliance with federal and corporate requirements. Ms. Streich comes to Newtek from Booz Allen Hamilton where she served as a Senior Advisor, Project Lead and Subject Matter Expert for multiple government clients, including the U.S. Department of Treasury, Community Development Financial Institutions Fund and the State Small Business Credit Initiative Fund. Ms. Streich previously worked as a Director at Capital One Bank with an overall loan production exceeding $1.5 billion and as President of Transamerica Small Business Capital.

Harold Gartner joins Newtek as President and Chief Operating Officer of Newtek Business Credit. As a structured finance professional, Mr. Gartner brings nearly 30 years of experience in receivables finance, asset-based lending, factoring, warehouse lending, asset-backed securitization, principal finance, whole loan acquisitions, and corporate M&A. Mr. Gartner’s career includes executive management positions at Morgan Stanley, Chase Manhattan Corporation (now JP Morgan Chase Bank), Nomura Securities International, Daiwa Securities America, ING Capital Markets, and as a small business owner, retained consultant to major institutional clients in the U.S. Capital Markets and Receivables Servicing industries. Mr. Gartner will be based in the Company’s West Hempstead, New York location.

Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, “Susan Streich, with over 30 years of experience in the SBA 7(a) small business lending space, augments the depth of our management team as well as brings us significant experience in lending compliance, policy and procedures. Susan has a tremendous background managing and operating small business lending operations and has an extensive background in credit as well.  Susan will be based in Virginia, geographically giving us a good presence dealing with businesses and all government agencies.”

Mr. Sloane continued, “Harold Gartner will be working very closely with Peter Downs, our President of Newtek Small Business Finance, Inc., to grow our accounts receivable based factoring business, as well as other credit based products as we attempt to transition into a Business Development Company, for which we are awaiting regulatory clearance from the Securities and Exchange Commission. Mr. Gartner’s 25 plus years of experience in receivables financing and capital markets is most welcome to our West Hempstead, New York-based operation.”

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