Newtek Small Business Finance, LLC Increases Capital One Revolving Credit Facility to $150.0 Million

Newtek Business Services Corp. (“Newtek” or the “Company”), (Nasdaq: NEWT), an internally managed business development company ("BDC"), today announced that Newtek Small Business Finance, LLC (“NSBF”), the Company’s nationally licensed SBA lender subsidiary, increased its existing revolving credit facility through Capital One, National Association (“Capital One”)  by $50.0 million to $150.0 million. Barry Sloane, Chairman, President and Chief Executive Officer said, “As our loan referral volume and loan fundings continue to grow, we made the decision to increase the capacity of our revolving credit facility with Capital One.  In addition, we believe the addition of our joint venture non-conforming loan program.