Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Newtek Business Services is top non-bank SBA lender
NEW YORK (11/9/11)--The U.S. Small Business Administration (SBA) has announced that Newtek Business Services, Inc., The Small Business Authority, has been named as the top non-bank SBA 7(a) program lender for the fiscal year ended Sept. 30, 2011.

Newtek in a release said it has been authorized to fund $130 million in SBA guaranteed small business loans for 2011. This is a dramatic increase from the $75 million in gross loan approvals made in 2010.

Newtek CEO Barry Sloane said his firm provides receivable finance lines of credit to many independent business owners across the United States that are looking to grow their business, and added that Newtek would continue to work with independent business owners and finance their businesses in 2012.

Newtek is a CUNA Strategic Services Provider.
Other Resources

RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
11 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
11 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
14 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
14 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
16 hours ago