LAKE SUCCESS, N.Y., June 13, 2017 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. ("Newtek" or the "Company"), (Nasdaq:NEWT), an internally managed business development company ("BDC"), today announced that on June 9, 2017, S&P Global Ratings ("S&P") issued a press release announcing that S&P raised its rating on the Class A Notes from Newtek Small Business Loan Trust 2014-1 securitization from A to A+.  According to S&P, the rating action reflects the improved credit support for the Notes due to the transaction's turbo principal payment structure and the portfolio's stable performance.

Barry Sloane, Chairman, President and Chief Executive Officer said, "We continue to appreciate the market's recognition of the performance of our collateral and, as a result, the rating upgrade.  We aim to continue to grow our loan portfolio adhering to our stringent underwriting guidelines and originating high quality loans."  

About Newtek Business Services Corp. Newtek Business Services Corp., Your Business Solutions Company ® , is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek ® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk.

Newtek's and its portfolio companies' products and services include: Business Lending, SBA Lending Solutions,  Electronic Payment Processing,  Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval), eCommerce, Accounts Receivable Financing & Inventory Financing, The Secure Gateway, The Newtek Advantage , Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

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