Barry Sloane

Identity & role

Barry Sloane — Chairman, President, and CEO of NewtekOne, Inc. (formerly Newtek Business Services Corp.) (investor-relations capture) and of its lending arm Newtek Small Business Finance, which American Banker reported as topping the SBA lender list .

Career arc

Sloane is "a founder" of Newtek, which was "founded in 1998 to provide debt and equity financing to SMBs" and grew into a business-services platform combining SBA lending, payments, payroll and insurance for small businesses (Form 10-K for 2014). Before Newtek he was a Managing Director of Smith Barney (2015 proxy statement). On January 6, 2023, Newtek completed its acquisition of National Bank of New York City and became a financial holding company; it renamed itself NewtekOne a week later (Q4 2022 earnings release).

Pandemic relief role

Newtek Small Business Finance ran PPP through its existing SBA 7(a) operation. Per SBA's PPP loan-level data, NSBF was the lender of record on 26,174 PPP loans worth about $1.89 billion, earning an estimated $87.8 million in SBA processing fees.

Newtek's 2022 earnings release reported its 2021 PPP fee income as non-recurring.

Legal status

We found no PPP-fraud finding or enforcement action against Newtek or Sloane in the public record.

Where they are now (2025–2026)

Chairman, President, and CEO of NewtekOne, Inc.

Sources held in this archive

Original source documents and archived captures

Thomas Capasse — Ready Capital chief, the other big publicly traded nonbank PPP originator.
Harvest Small Business Finance — fellow nonbank SBA lender in the program cohort.

Sources

SBA PPP loan-level data, NSBF as lender of record — 26,174 loans / ~$1.89B / ~$87.8M estimated fees; small-loan concentration from the same file.
NewtekOne 10-K PPP disclosures (NSBF funded ~10,570 loans / $1.19B through Dec. 31, 2020; balance by end of July 2021; temporary shift away from 7(a)): Newtek Business Services Corp. Form 10-K for 2020, filed March 29, 2021: https://www.sec.gov/Archives/edgar/data/1587987/000158798721000047/.
NewtekOne 2022 earnings release (Exhibit 99.1, Feb. 27, 2023) — $50.0M PPP fee income FY2021 "not recurring"; PPP interest income $37.7M/$50.0M/$0 across 2020–2022; bank conversion and tax/accounting change: NewtekOne Reports Fourth Quarter and Full Year 2022 Results (original: sec.gov · stored capture)
NewtekOne investor relations — Barry Sloane, Chairman/President/CEO; board page: NewtekOne, Inc. Board of Directors (original: newtekone.com · stored capture) and NewtekOne, Inc. Investor Relations (original: newtekone.com)
American Banker, "Newtek tops SBA lender list": American Banker, "Newtek tops SBA lender list" (original: americanbanker.com · stored capture)
Newtek Small Business Finance PPP portal-access press (Jan 15, 2021): Newtek Small Business Finance PPP press 2021 (original: globenewswire.com · stored capture)