Feb 4, 2013

Newtek Business Services Expands

Newtek Business Services has announced that its subsidiary, Newtek Small Business Finance, Inc., has entered into a 5 year lease at their West Hempstead, NY facility for an additional 11,000 square feet — doubling its office capacity for small business lending. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek said, "Due to an expected increase in loan originations and servicing volume for our own account and third parties for years to come, we believe we need additional capacity at our West Hempstead location. We anticipate growing our small business lending operation in excess of 50% in loan volume in 2013 and also anticipate growing our loan servicing platform for our own account and other financial institutions as small business lenders. The company recently had its Standard and Poor's servicing designation maintained as a Select Servicer, which can be seen here. "We believe there is ample talent and experience in areas of loan origination, loan assembly, underwriting and loan closing in the greater New York/Long Island markets. We will be hiring talented professionals to join our organization in the near future and anticipate adding 30 jobs over the next two years. Qualified individuals can submit their resumes to NYrecruiting@newtekone.com."