NewtekOne

What NewtekOne does

NewtekOne, Inc. (NASDAQ: NEWT) is a financial holding company headquartered in Boca Raton, Florida, founded in 1998 as Newtek Business Services Corp. and transformed into its current form in January 2023 following the acquisition of National Bank of New York City (renamed Newtek Bank, N.A.). Through its bank subsidiary and non-bank affiliates, the company delivers seven integrated business solutions to small and medium-sized businesses across all 50 states: lending (term loans from $5,000 to $15 million and lines of credit), banking (zero-fee business deposit accounts), payments (processing over $6 billion annually), payroll, insurance, technology (via IPM partnership), and accounting (via 1-800Accountant partnership). The company serves 2.2 million+ businesses, holds $2.9 billion in total assets with deposits exceeding $2 billion, and originates SBA 7(a) loans and alternative loan program (ALP) loans with a track record of only six defaults across approximately $850 million in ALP originations since 2019.

The company's technology infrastructure centers on the Newtek Advantage unified dashboard and the patented NewTracker referral processing system that powers alliance partnerships with banks and credit unions. Distribution operates through multiple channels: direct lending via online prequalification, the Payroc strategic alliance embedding NewtekOne solutions into a platform serving 190,000+ merchants, the Figure Technology marketplace partnership, and a financial institution referral program. Recent innovations include AI-powered loan origination, the Newtek Seven Day Business Loan product, FedNow and RTP instant payments integration, and automated insurance quote generation within the loan origination workflow. Revenue derives from net interest income on loans, transaction fees from payment processing, recurring payroll and subscription fees, insurance commissions, and securitization gains, with 2025 annual revenue reported at approximately $383 million.

Capital structure includes multiple senior notes offerings (8.50% and 8.625% notes due 2029, $30M notes due 2030), $48.4 million in 8.500% preferred stock depositary shares, and a $295 million ALP asset-backed securitization in January 2026 that was approximately ten times oversubscribed. NewtekOne has completed 17 rated securitizations to date, with credit ratings upgraded to A- by Egan-Jones following the financial holding company transition. Leadership includes CEO Barry Sloane (founder, ~1.18M shares), CFO Frank DeMaria, and a board expanded to eight members in January 2026 with the appointment of Thomas Cestare of Patriot Financial Partners.

Name

NewtekOne

Legal name

NEWTEKONE, INC.

Website

https://www.newtekone.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

NewtekOne (NASDAQ: NEWT) is a financial holding company delivering integrated banking, lending, payments, payroll, insurance, technology, and accounting solutions to over 2.2 million small and medium-sized businesses across all 50 U.S. states.

Ownership category

akta.pro rank

Product category

Small Business Financial Services

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163), Short-Term Business Credit Institutions (6153), Finance Services (6199)

akta.pro primary industry

Employer-Sponsored / Payroll-Linked Personal Loans (Unsecured Installment) (FSAKAAAM)

akta.pro secondary industry

Premium/Affluent Neobanks (FSABAFAE)

Keywords

• Small business lending
• Payment processing services
• Commercial banking services
• Payroll processing solutions
• Business insurance services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Banking and Lending: Interest income from commercial and industrial loans originated through Newtek Bank, N.A. including term loans from $5K to $15M and lines of credit secured by receivables or inventory. SBA 7(a) loan sales and ALP loan securitizations generate fee income.
2. Payment Processing: Transaction fees from payment processing services across retail, restaurant, ecommerce, and mobile payment channels. The company processes over $6 billion annually in card transactions.
3. Gateway and POS Services: Gateway transaction fees and POS system licensing for Newtek Gateway vTerminal and Newtek Payment Systems platforms with recurring billing capabilities.
4. Payroll Processing: Recurring payroll processing fees with tax filing, direct deposit, and HR services bundled into cloud-based payroll management solutions.
5. Insurance Products: Commissions from insurance products including commercial insurance, personal insurance, group health, life insurance, and employee benefits offered through Newtek Insurance Agency.
6. Technology Services: Managed IT, cloud, security, and compliance services through partnership with IPM including cloud desktops, servers, ecommerce hosting, and website security.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

NewtekOne is a financial holding company that delivers seven integrated business and financial solutions to small and medium-sized businesses through bank and non-bank subsidiaries: business lending (term loans $5K-$15M and lines of credit), FDIC-insured banking and deposits (Newtek Bank, N.A.), payment processing and POS systems, payroll and HR services, insurance (commercial, personal, life, group health), managed IT and cloud technology services, and accounting services. The suite is unified through the Newtek Advantage cloud platform and the patented NewTracker referral system.

Product overview

NewtekOne is a financial holding company providing a comprehensive suite of business and financial solutions through its bank (Newtek Bank, N.A.) and non-bank subsidiaries. The product portfolio spans seven core service lines: Newtek Lending (term loans from $5K-$15M and lines of credit), Newtek Payments/POS (payment processing, POS terminals, Newtek Gateway), Newtek Payroll (cloud-based payroll, time/labor management, HR services), Newtek Insurance (commercial, personal, life, group health, employee benefits), Newtek Technology (IT infrastructure, cloud desktops, security/compliance via IPM partnership), Newtek Accounting (via 1-800Accountant partnership), and Newtek Advantage (cloud-based operating platform/dashboard). The ecosystem is unified through the patented NewTracker referral processing system and Newtek Gateway API for developers. Recent innovations include AI-enhanced loan origination, FedNow/RTP instant payments, and automated insurance integration into the lending workflow.

Differentiator

Problem solved

Functional benefit

Brands

• Newtek Advantage: A cloud-based operating platform providing integrated access to NewtekOne's seven core business solutions including banking, lending, payroll, payments, insurance, technology, and accounting services through a single online dashboard.
• Newtek Zero-Fee Business Banking
• Newtek Seven Day Business Loan
• NewTracker
• Newtek Real-Time Payment Solutions
• Newtek Gateway

Products and services

• Newtek Lending — Term Loans Business term loans from $5,000 to $15 million with 10–25 year amortization, no standard covenants, and no balloon payments. Loans are issued by Newtek Bank, N.A., Member FDIC, for refinancing, working capital, real estate, and equipment purchases by SMBs across all 50 states.
• Newtek Lending — Lines of Credit Revolving lines of credit secured by accounts receivable (up to $5 million at 85% advance rate) or inventory (up to 50% advance rate), providing short-term cash flow financing with competitive interest rates and less rigorous underwriting than conventional financing for SMBs.
• Newtek POS Point-of-sale systems and terminals including EMV-ready card readers, Clover POS terminals, and the Newtek Payment Systems platform. Designed for retail, restaurant, grocery, bar, and assisted living industries with inventory management, custom reporting, and employee management features.
• Newtek Gateway Secure payment gateway with RESTful and SOAP API, virtual terminal for key input or touchscreen processing, fraud prevention modules, recurring billing, customizable receipts, and PCI/PADSS certification. Supports Visa, Mastercard, American Express, and Discover with a developer sandbox and code samples available at help.newtekgateway.com.
• Newtek Payments — Payment Processing Payment processing services for retail, restaurant, mobile, and ecommerce environments, including security and PCI compliance tools, reporting and accounting integration, and integrations with Grubhub, Seamless, DoorDash, and Uber Eats delivery platforms. Processes over $6 billion in card transactions annually.
• Newtek Payroll Cloud-based payroll processing with tax filing, direct deposit, pay cards, employee self-service, time and labor management, HR services, and workers compensation support, priced competitively versus ADP and Paychex, with all liability taken for payroll tax accuracy.
• Newtek Technology Technology solutions including IT services, infrastructure and managed cloud, security and compliance, IT consulting, disaster recovery, software services, hosting, and website security, delivered in partnership with Intelligent Protection Management Corp. (IPM).
• Newtek Insurance Insurance services including commercial insurance, personal insurance, life insurance, group health, employee benefits, and lender-placed insurance, working with over 50 providers offering business, health, auto, home, and liability coverage through Newtek Insurance Agency, LLC.
• Newtek Accounting Accounting services offered through partnership with 1-800Accountant, including business formation, small business taxes, bookkeeping, tax advisory, audit defense, quarterly estimated taxes, income taxes, and EIN filing. Packages range from Startup ($0 + state fees) to Enterprise ($399/month).
• Newtek Advantage Platform Cloud-based online business portal integrating real-time banking, payroll, payments, and business analytics with bundled offerings including instant credit lines, merchant accounts, and bank accounts through a single dashboard.
• Newtek Bank — Zero-Fee Business Banking FDIC-insured zero-fee business banking through Newtek Bank, N.A. offering high-yield savings accounts and instant payment capability via FedNow Service and The Clearing House RTP network, integrated with the Newtek Advantage portal. Deposits grew from $140 million to over $2 billion in three years across 37,000+ accounts.
• Newtek Seven Day Business Loan AI-powered business loan product that funds within seven days of application, supporting the company's record loan origination volume.
• Newtek Financial Institutions Programs Suite of programs for banks and credit unions including Business Lender Program (outsourced SBA back-office), Business Solutions Program (merchant processing, payroll, insurance referrals), Branch Cash Advance (EMV terminals), and Lender-Placed Insurance, delivered through the patented NewTracker™ referral processing system.
• NewTaxiPass Payment solution for taxi and cab drivers enabling credit card payments with faster transaction time and flat-fee pricing; used by over 1,000 cab drivers at Newark Liberty International Airport.

Quantifiable outcome

• 40% increase in loan originations to record 961 units in Q1 2026
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• PayroccoreChannel Partner/ Reseller/ Distributor · 1 June 2026Strategic alliance embedding NewtekOne banking, lending, and insurance solutions into Payroc's platform serving 190,000+ merchants across North America. The partnership enables merchants to access loans ($5K-$15M with 10-25 year amortization), depository solutions, payroll, and insurance products. Payroc processes over $125 billion in annual volume.
• Figure Technology SolutionsminorStrategic or Co-development Partner · 1 February 2026Partnership to deliver small business lending products through Figure's Democratized Prime platform and OPEN blockchain-native equity marketplace, expanding NewtekOne's digital lending distribution.
• United Healthcare, Aetna, Humana, BlueCross BlueShieldminorChannel Partner/ Reseller/ DistributorInsurance carrier partners for group health insurance offerings, providing access to major healthcare providers for employee benefits solutions.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Live Oak Bancshares: Live Oak Bancshares is a publicly traded bank holding company focused on SBA lending and small business banking, directly comparable to NewtekOne's SBA origination and Newtek Bank, N.A. operations. Both serve U.S. SMBs through a tech-enabled, branch-light model and securitize SBA-related assets.
• Coastal Financial Holdings: Coastal Financial is a community bank holding company that has built an SBA lending franchise alongside consumer/business banking. Comparable to NewtekOne's combination of SBA lending expertise and FDIC-insured deposit taking for SMB customers.
• Funding Circle Holdings: Funding Circle is a publicly traded online SMB lender operating in the U.S. and U.K., with a direct small business term loan product. Comparable to NewtekOne's direct digital lending model (term loans $5K–$15M) targeting SMBs through an online prequalification flow.
• OnDeck (Enova International): Enova operates OnDeck, an online small business lending platform that originates working capital loans to SMBs. Comparable to NewtekOne's C&I lending and ALP loan programs targeting small businesses with rapid online origination.

Emerging players

• Bluevine Capital: Bluevine is a digital SMB banking platform offering business checking, lines of credit, and term loans. Comparable to NewtekOne's integrated SMB banking-plus-lending approach and Zero-Fee Business Banking offering through Newtek Bank.
• Mercury Financial: Mercury is a digital banking platform focused on SMB and startup banking with integrated financial tools. Comparable to NewtekOne's SMB-focused digital banking portal (Newtek Advantage) and deposit products via Newtek Bank.
• Brex: Brex is a financial platform combining corporate cards, banking, and expense management for SMBs and startups. Comparable to NewtekOne's bundling of lending, payments, and banking services under a single integrated platform for business customers.

Broad incumbents

• Capital One Financial: Capital One is a major U.S. bank with a substantial small business banking franchise including credit cards, lending, and treasury management. Comparable as a broader incumbent competing for the same SMB banking and lending customers that NewtekOne serves.
• JPMorgan Chase (Small Business): JPMorgan Chase operates one of the largest U.S. small business banking franchises with SBA lending, credit cards, payments, and merchant services. Comparable as a broad incumbent with overlapping SMB banking, lending, and payment processing capabilities.
• Block (Square): Block operates Square, a leading SMB payment processing and banking platform, plus Cash App and lending products. Comparable to NewtekOne's payment processing business (Newtek Payments, $6B+ annual volume) and integrated SMB services offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Newtek_One
• Facebookfacebook.com/newtekone
• LinkedInlinkedin.com/company/newtekone

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries10 records

Funding overview

Funding rounds7 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NewtekOne