UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

October 3031, 2014 (October 2931, 2014)

Date of Report (date of Earliest Event Reported)

NEWTEK BUSINESS SERVICES, INC.

(Exact Name of Company as Specified in its Charter)

NEW YORK

001-16123

11-3504638

(State or Other Jurisdiction of

Incorporation or Organization)

(Commission

File No.)

(I.R.S. Employer

Identification No.)

212 West 35th Street, ~~2nd~~Second ~~floor~~Floor, New York, NY 10001

(Address of principal executive offices and zip code)

(212) 356-9500

(Company’s telephone number, including area code)

(Former name or former address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Forward-Looking Statements

Statements in this Current Report on Form 8-K (including the exhibits), including statements regarding Newtek Business Services, Inc.’s (“Newtek” or the “Company”) beliefs, expectations, intentions or strategies for the future, may be “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions which could cause Newtek’s actual results to differ from management’s current expectations are contained in Newtek’s filings with the Securities and Exchange Commission. Newtek undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this filing.

~~ITEM~~Item 17.01 ~~Entry~~Regulation ~~Into~~FD ~~a Material Definitive Agreement~~Disclosure.

On October 2931, 2014, Newtek ~~Small~~ Business ~~Finance, Inc. (“NSBF”), a subsidiary of Newtek Business~~ Services, Inc. (the “Company”), ~~entered~~announced ~~into~~that a Third Amended and Restated Loan and Security Agreement (the “Agreement”) with Capital One, National Association (“Capital One”), pursuant to which Capital One increased the aggregate amount of the credit facility it has ~~extended~~reaffirmed toits ~~NSBF~~previously ~~from~~stated aadjusted ~~maximum~~full ~~aggregate~~year ~~amount~~2014 ofconsolidated ~~$27,000,000~~guidance. toIn ~~$50~~addition,~~000,000~~ (the ~~“Credit~~Company’s ~~Facility”).~~preliminary ~~The Credit~~unaudited ~~Facility~~financial ~~may~~results befor ~~used to fund both those portions of SBA 7(a) loans made by NSBF that are guaranteed by~~ the ~~SBA~~third ~~and~~quarter ~~those portions~~ of ~~SBA~~2014 ~~7(a)~~appear ~~loans made by NSBF that are not guaranteed by the SBA. NSBF plans~~ to ~~continue~~be toequal ~~draw~~or greater onthan ~~this~~its ~~Credit Facility~~financial toresults ~~continue~~for the ~~expansion~~second quarter of ~~its SBA loan originations~~2014.

The ~~Credit~~Company ~~Facility~~also ~~will~~announced ~~convert into a term loan~~ on ~~May~~October 1631, ~~2016, which~~2014 ~~term~~that ~~loan~~its ~~will~~lending subsidiary, ~~have~~Newtek aSmall ~~maturity~~Business ~~date~~Finance, ~~of May 16~~Inc., ~~2018~~funded $25.0 ~~The~~million ~~Agreement~~in ~~also~~SBA ~~specifies~~7(a) ~~certain~~loans ~~events~~during the month of ~~default,~~October ~~pursuant~~2014. toThis ~~which~~represents ~~Capital~~an ~~One~~increase ~~could~~of ~~require~~approximately ~~immediate~~47% ~~repayment~~over bythe ~~NSBF~~$16.9 million of ~~all~~SBA ~~outstanding~~7(a) ~~amounts~~loans ~~under~~funded ~~the~~in ~~Credit~~October ~~Facility~~2013.

In addition, the Company has guaranteed NSBF’s performance and repayment obligations under the Agreement, pursuant to an Amended and Restated Guaranty of Payment and Performance, dated as of June 16, 2011, as amended to date, including by a Guaranty and Security Agreement Letter Amendment dated as of July 16, 2013 and by a Guaranty and Security Agreement Letter Amendment dated as of October 29, 2014 (the “2014 Guaranty Amendment”).

The above description is a summary and is qualified in its entirety by the terms of the Agreement and the 2014 Guaranty Amendment, which are filed as Exhibits 10.1 and 10.2 respectively to this Current Report on Form 8-K and are incorporated by reference herein.

A press release announcing the Credit Facility is filed as Exhibit 99.1 to this Current Report on Form 8-K.

ITEM 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

ExhibitNumber		Description
10.1		Third Amended and Restated Loan and Security Agreement, dated as of October 29, 2014, by and between Newtek Small Business Finance, Inc. and Capital One, National Association.
10.2		Guaranty and Security Agreement Letter Amendment, dated as of October 29, 2014, by and between Capital One, National Association and Newtek Business Services, Inc.
99.1		Press Release, dated October 30, 2014 announcing the Credit Facility.

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EXHIBIT INDEX

ExhibitNumber		Description
10.1		Third Amended and Restated Loan and Security Agreement, dated as of October 29, 2014, by and between Newtek Small Business Finance, Inc. and Capital One, National Association.
10.2		Guaranty and Security Agreement Letter Amendment, dated as of October 29, 2014, by and between Capital One, National Association and Newtek Business Services, Inc.
99.1		Press Release, dated October 30, 2014 announcing the Credit Facility.

~~NEWTEK BUSINESS SERVICES, INC.~~

NEWTEK BUSINESS SERVICES, INC.

Date: October 30, 2014

/s/ Barry Sloane

Date: October 31, 2014

/s/ Barry Sloane

~~Barry Sloane~~

Barry Sloane

~~Chairman of the Board and Chief Executive Officer~~

Chairman of the Board and Chief Executive Officer

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