Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) welcomes NewtekOne as a new member, adding a financial services provider for small and mid-sized businesses to CMTA’s growing network of companies supporting California manufacturers.
NewtekOne is a technology-enabled financial holding company that provides a broad range of business and financial services to companies across the U.S. Founded in 1998, the company offers banking, lending, payment processing, payroll, insurance, technology, and other business solutions designed to help businesses grow, manage costs, and reduce risk.
Access to financial services and operational support, such as those provided by NewtekOne, is critical for manufacturers in California’s challenging business environment.
“CMTA is excited to welcome NewtekOne as a new member,” said Lance Hastings, President & CEO of CMTA. “Their membership strengthens our network and creates opportunities for our small and medium-sized manufacturers across California to receive the financial and operational resources needed to grow.”
“NewtekOne is proud to join CMTA and support California’s manufacturing community,” said Barry Sloane, Chairman, CEO, and President of NewtekOne. “Small and medium-sized manufacturers make up nearly 90% of the state’s manufacturing industry. We look forward to helping these businesses access the financial tools and services they need to succeed.”
CMTA will work with NewtekOne to support manufacturers across California and expand access to the resources businesses need to grow and thrive.
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About CMTA
The California Manufacturers & Technology Association (CMTA) has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $382 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.2 million Californians paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit CMTA’s website.
About NewtekOne
NewtekOne, Inc. is a technology-enabled financial holding company that provides a wide range of business and financial solutions to independent business owners across the United States. Founded in 1998, the company offers banking, lending, payment processing, payroll, insurance, technology, and other business services designed to help businesses grow revenue, control expenses, and reduce risk. NewtekOne is publicly traded on the NASDAQ under the ticker symbol NEWT.