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August 12, 2014
09:05 EDTCOF, NEWTNewtek Business subsidiary to increase revolving credit facility to $50M
Newtek Business Services (NEWT), The Small Business Authority, announced that its lending subsidiary, Newtek Small Business Finance, received approval and documentation from Capital One (COF) to increase its existing $27M revolving credit facility to $50M. The form of the amended documentation for the additional financing is subject to regulatory approval, and will bring the Company's total financing through Capital One to $70M on a company-wide basis. The $70M consists of a $10M term loan and up to $60M in revolving lines of credit.
News For NEWT;COF From The Last 14 Days
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August 27, 2015
16:58 EDTNEWTBarry Sloane reports 9.1% stake in Newtek Business Services
The acquisition of the shares was made with investment intent only and was not made with the intent of influencing or changing the control of the company or otherwise influencing or changing the company's business or corporate structure or any material provisions in its charter, bylaws or other organizational documents.
August 17, 2015
06:11 EDTCOFCapital One reports July net charge-offs 3.05% vs. 3.23% last month
Reports July 30+ day performing delinquency rate 2.97% vs. 2.84% last month.

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