NewtekOne, Inc. is a financial holding company subject to regulation by the Federal Reserve and the Federal Reserve Bank of Atlanta, providing business and financial solutions to independent business owners under the Newtek® and NewtekOne® brands. The company operates as a technology-enabled platform delivering lending, payments, payroll, insurance, and banking services without traditional bank branches or brokers. Its core strategy centers on acquiring clients through alliance relationships and its patented NewTracker® prospect management technology, which processes referrals and supports end-to-end transaction transparency for partners.

NewtekOne generates revenue primarily through interest income from loan portfolios, gains on sales of guaranteed portions of SBA 7(a) loans in the secondary market, and fee-based income from its financial and business solutions. Key revenue drivers include SBA 7(a) lending via Newtek Bank, alternative lending through Newtek ALP Holdings, merchant processing via Newtek Merchant Solutions and Mobil Money, payroll and benefits services through PMTWorks Payroll, LLC, insurance brokerage via Newtek Insurance Agency, and technology-enabled services such as the Newtek Advantage® platform. The company serves independent business owners across the United States, leveraging digital channels and alliance networks to deliver solutions efficiently and at scale.

The company operates through the following segments:

• Newtek Banking: This segment encompasses Newtek Bank and its subsidiary SBL, which provide depository services, SBA 7(a) and 504 lending, commercial and industrial loans, CRE lending, and third-party loan servicing and origination. Newtek Bank offers business checking, high-yield savings, and retail CD products, and integrates its services through the Newtek Advantage® portal to deepen client relationships. The bank originated $767.8 million of SBA 7(a) loans in 2025 and $943.0 million in 2024, maintaining a diversified portfolio across 50 states and 82 industries as of December 31, 2025.

• Newtek Lending: This segment includes Newtek ALP Holdings, which originates alternative lending program (ALP) loans for independent business owners who may not qualify for SBA 7(a) financing due to eligibility, size, or maturity constraints. ALP loans are typically 10-25 year amortizing C&I loans with no balloon payments, funded through capital contributions and warehouse lines of credit, and have been sold individually or securitized via joint ventures such as Newtek Conventional Lending, LLC and Newtek-TSO II Conventional Credit Partners, LP. The segment also supports SBA 504 lending originated by Newtek ALP Holdings for major fixed asset financing.

• Newtek Payments: This segment comprises Newtek Merchant Solutions, LLC (NMS), its subsidiary Mobil Money, LLC, and POS on Cloud, LLC (d/b/a Newtek Payment Systems), which deliver credit and debit card processing, check approval, ACH services, and point-of-sale solutions. In 2025, NMS processed $5.2 billion in merchant transaction sales volume, leveraging direct and indirect sales channels, alliance partners, and proprietary technology to serve merchants in taxi cabs, restaurants, retail, assisted living, parks, and golf course industries.

• Newtek Payroll and Benefits Solutions: This segment is operated by PMTWorks Payroll, LLC (d/b/a Newtek Payroll and Benefits Solutions), which provides industry-standard payroll management, tax reporting, and payment services to independent business owners. The service enables clients to process payroll directly from the Newtek Advantage® business portal and supports deposit generation for Newtek Bank by offering sticky, business-related accounts.

• Newtek Insurance: This segment is managed by Newtek Insurance Agency, LLC (NIA), a licensed retail and wholesale brokerage in all 50 states, specializing in commercial and health/benefits lines insurance as well as personal lines for independent business owners. NIA uses automated data transfer from loan applications to issue key man life insurance without medical exams and is expanding automation for property and casualty insurance on lending opportunities.

NewtekOne holds a competitive position in the financial services industry as a technology-driven provider of integrated solutions for the underserved small business market, differentiated by its patented NewTracker® referral system and the Newtek Advantage® platform, which offers real-time analytics, transactional capabilities, and expert access via its portal. The company competes with traditional banks, non-bank lenders, and fintech providers in lending; Fiserv, Global Payments, and Worldpay in payments; and various payroll and insurance providers, but believes its alliance-based model, 24/7/365 on-camera client service, and cross-selling ecosystem create sustainable advantages. Its experience as a top SBA 7(a) lender—ranked third in the U. S. by dollar volume of approvals as of February 2026—further strengthens its market standing.

The company serves independent business owners (SMBs) across the United States, targeting privately held enterprises in diverse industries including retail, healthcare, professional services, manufacturing, and hospitality. Its client base is sourced through hundreds of alliance partners such as commercial and community banks, credit unions, trade associations, accounting firms, law firms, and small business aggregators, which refer clients via Referral Promotion or BizExec Agreements. NewtekOne maintains a database of prospects and engages them regularly through email, video, webinars, and outbound calling to nurture relationships and drive conversion.