Newtek Names Harold Gartner as President and COO

Newtek Business Services, Inc. welcomes Harold Gartner as the new President and Chief Operating Officer of Newtek Business Credit. Mr. Gartner brings with him nearly 30 years of experience in receivable finance, asset-based lending, factoring, warehouse lending, asset-backed securitization, principal finance, whole loan acquisitions, and corporate M&A.

Prior to joining Newtek, Mr. Gartner held the position of President and Gartner,Harold-Newtek-Business-CeditCEO of US Healthcare Financial Group, LLC. He also held several executive management positions at Morgan Stanley, Chase Manhattan Corporation (now JP Morgan Chase Bank), Promontory Financial Group, Nomura Securities International, Daiwa Securities America, and ING Capital Markets.

Barry Sloane, Chairman, President and CEO of The Small Business Authority® said, “Harold Gartner will be working very closely with Peter Downs, our President of Newtek Small Business Finance, Inc., to grow our accounts receivable based factoring business, as well as other credit based products as we attempt to transition into a Business Development Company, for which we are awaiting regulatory clearance from the Securities and Exchange Commission.” He added that Mr. Gartner will be based in the Company’s West Hempstead, New York location.

Mr. Gartner obtained his Bachelor of Arts degree in Economics from Stony Brook University.

About Newtek Business Services, Inc.
Newtek Business Services, Inc., The Small Business Authority®, is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek brand. It operates in six segments: Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, Corporate Activities and Capcos. To know more about the company, visit its website at www.thesba.com.

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