Credit issues put damper on profits at SBA specialist Newtek

T1Covered by 1 source · first reported by American Banker (headlines) at 29 Oct, 22:32 UTC

The nation's number-one Small Business Administration lender by number of loans doubled its loan-loss provision in the third quarter, and problem loans spiked. CEO Barry Sloane tabbed inflation and high interest rates as culprits.

fintech

Sources

• T1Credit issues put damper on profits at SBA specialist NewtekAmerican Banker (headlines)29 Oct, 22:32