- Newtek Business Services ( NASDAQ: NEWT ) announced that Newtek Small Business Finance has funded a record amount of SBA loans for the three and six months ended June 30, 2022.
- For the three months ended June 30, 2022, NSBF funded a record $200.6M in SBA loans, which represents a 112.7% increase over $94.3M SBA loan fundings for the three months ended June 30, 2021.
- For the six months ended June 30, 2022, NSBF funded a record $363.9M in SBA loans, which represents an 83.2% increase over $198.6M SBA loan fundings for the six months ended June 30, 2021.
- Company reaffirmed its forecasts for net investment income (loss) in a range ($0.01) per share to $0.00 per share and adjusted net investment income in a range of $1.40 per share to $1.50 per share.
For further details see:
Newtek Business Services reports record Q2 loan fundings