Newtek Business Services, Inc.
The Small Business Authority, powered by Newtek Business Services, Inc., provide member business services through a referral program: business lending, health and benefit insurance, merchant processing, payroll services, data storage, and website design, development and hosting.
Who is The Small Business Authority?
Newtek Business Services, Inc. displays its presence in the small to medium-sized business space through The Small Business Authority and its website, thesba.com. The Small Business Authority is a portal for small-business owners who desire market data, intelligence, direction, advice, and the highest quality of services at affordable pricing.
- Credit unions receive a one-time referral fee or an ongoing revenue share, depending on the specific service
- Credit unions can begin offering business services to their members quickly, with no up-front investment in additional staff or infrastructure
- The Small Business Authority provides marketing and training support for each credit union
- An online referral system—NewTracker™—allows credit union staff to enter and track the status of member referrals online, 24/7
- Each credit union chooses which services they want to offer to members—from one service to the entire suite
Business Lending: The Small Business Authority provides SBA-guaranteed small business loans, accounts receivable financing and commercial real estate financing. Funds can be used for a wide range of business needs
Health and Benefit Insurance: By working through Newtek Insurance Agency, credit union small business members now have access to health and benefit insurance. Licensed in all 50 states, Newtek Insurance Agency works with more than 40 highly rated carriers to provide the best and most cost-effective
health and benefits products.
Merchant Processing: In addition to credit and debit card processing, The Small Business Authority's services include: electronic check services, ACH, gift and loyalty cards, eCommerce, Advantage club, and new NewtPay Mobile (Turns a smartphone into a credit card terminal. Includes a free card swipe reader to make processing payments simple).
Payroll Services: The Small Business Authority offers payroll services that are safe, sophisticated, and completely online. All transactions use 128-bit SSL encryption, which ensures data transmissions are secure. The hosting data center is SAS 70 Type II certified, meeting the strictest privacy and security standards, including Sarbanes-Oxley and HIPAA. Automatic backups, redundancy, and disaster recovery ensure the integrity and availability of all data. These payroll services are perfect for small businesses, whether they employ one or 250 employees.
Data Storage: The Small Business Authority provides fast, secure, off-site data backup, storage and retrieval systems designed to meet specific regulatory and compliance needs.
Website Design, Development & Hosting: The Small Business Authority is in the unique position to offer small and medium-sized businesses a comprehensive and effective web presence. From one-on-one brainstorming sessions with a design specialist, to custom implementation and development, to personal account management throughout the life of an account, The Small Business Authority has the tools and resources to meet a business's needs.
For more information or to get started, please contact your Association Representative at 800-932-0661, or e-mail CUSolutions@pcua.org.
- Business Development / Sales
VP, Business Development
800-932-0661 x 5330
Sr. Account Executive