Newtek Business Services NPS & Customer Reviews | Comparably
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Newtek Business Services
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About Newtek Business Services' Brand

Newtek provides state-of-the-art, cost-efficient products and services and efficient business strategies to SMB accounts across all 50 states. Among its major competitors, Newtek Business Services is ranked in 1st place for NPS while AmTrust Financial is 2nd, and Travelers is 3rd.Their current market cap is $478.76M

Brand at a Glance

53%
Customer Loyalty
3/5
Product Quality
2.9/5
Pricing
2.5/5
Customer Service

Newtek Business Services Ranking

Newtek Business Services NPS

Newtek Business Services's Net Promoter Score (NPS) is a 14 with 57% Promoters, 0% Passives, and 43% Detractors. Net Promoter Score tracks whether Newtek Business Services's customers would recommend using the product based on a scale of -100 to 100.

Newtek Business Services Overall NPS

14
NPS
57%Promoters
0%Passives
43%Detractors
Newtek Business Services Overall NPS

Newtek Business Services NPS Trend

-100
-50
0
50
100
Nov 2021
-100
Nov 2021-100
Mar 2022
0
Mar 20220
May 2022
33
May 202233
Oct 2022
0
Oct 20220
Jan 2023
-20
Jan 2023-20
Feb 2023
0
Feb 20230
Mar 2023
15
Mar 202315

How Other Brands Compare

Newtek Business Services is ranked first for NPS among its competitors. Travelers and Assurant come in second and third, with FedNat coming in at #4. Among those competitors, it is the third most valued company behind Travelers.

Newtek Business Services' Logo
Newtek Business Services
Travelers' Logo
Travelers
Assurant's Logo
Assurant
FedNat's Logo
FedNat
Global Ranking#-#381#-#-
NPS14-8-39-
Social Sentiment Calculated by analyzing social media and other online mentions-NeutralNeutral-
Valuation Updated every 24 hours for public companies$478.76M$37.99B$8.51B$80.41M

What is NPS

Net Promoter Score (NPS) is a management tool that can be used to gauge the satisfaction of a firm's customer relationships. NPS has been widely adopted as a key metric often linked to the revenue potential of a company’s product or service. The metric is based on customer responses to the question: "On a scale of 0 to 10, how likely are you to recommend the product to a friend?"

Those who respond with a score of 9 to 10 are known as Promoters, and are widely associated with behaviors that create value, including actively encouraging others to use the product or service. Those who respond with a score of 7 or 8 are categorized as Passives, and they are believed to be less likely to exhibit the value-creation traits of Promoters having a largely neutral effect on other consumers. Detractors are those who fall in the score range of 0 to 6 and represent dissatisfied customers of the product sometimes actively recommending against using the product.

Newtek Business Services NPS vs. Competitors

Compared to its competitors, Newtek Business Services's NPS is rated right above AmTrust Financial.

Newtek Business Services Customer Reviews

What can this brand most improve?
Stand behind the information given. Newtek was fine when there were no issues or any unusual circumstances around us using them as a credit card transaction company, however once faced with a challenging circumstance Newtek has done whatever possible to help themselves instead the customer.

Newtek Business Services Customer Loyalty

53%

Customer Loyalty is a strong indicator of whether or not a customer will choose a brand repeatedly over a competitor that offers similar products/services.

53% of Newtek Business Services users/customers answered "Yes" when asked: "Would you consider yourself a loyal user/customer?"

Sign Up to see the full customer demographics data and the people that answered "Yes" when asked "Would you consider yourself a loyal user/customer?"

53
53%
47
47%
Newtek Business Services Customer Loyalty

Newtek Business Services Customer Loyalty vs. Competitors

Compared to its competitors, Newtek Business Services's Customer Loyalty score is rated right below Assurant.

COMPANYCustomer Loyalty Score
AmTrust Financial80%
Travelers80%
Assurant67%
Newtek Business Services53%

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Newtek Business Services Product Quality

3/5

Newtek Business Services has an overall Product Quality score of 3 out of 5 stars rated by its users and customers.

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Newtek Business Services Product Information

Newtek Business Services’s product quality score is a 3 out of 5 as rated by its users and customers.

Website
https://www.newtekone.com
Company Size
201-500 Employees

Industry

Business Services

Newtek Business Services Product Quality vs. Competitors

Compared to its competitors, Newtek Business Services's Product Quality score is rated right above Travelers, and is preceded by AmTrust Financial.

COMPANYProduct Quality Score
AmTrust Financial3.4/5
Newtek Business Services3/5
Travelers2.7/5
Assurant1.9/5

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Newtek Business Services Pricing

Newtek Business Services ROI & Value For Money

2.9/5

Newtek Business Services has a value for money and ROI score of 2.9 out of 5 stars rated by its users and customers.

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Newtek Business Services Pricing vs. Competitors

Compared to its competitors, Newtek Business Services's ROI score is rated right above Travelers, and is preceded by AmTrust Financial.

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Newtek Business Services Customer Satisfaction (CSAT)

Newtek Business Services Customer Satisfaction (CSAT) Score

50 / 100

Newtek Business Services has an overall Customer Satisfaction score of 50 rated by its users and customers.

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Very Satisfied50%
Satisfied0%
Neither Satisfied nor Dissatisfied0%
Dissatisfied0%
Very Dissatisfied50%
Very Satisfied
50%
Satisfied
0%
Neither Satisfied nor Dissatisfied
0%
Dissatisfied
0%
Very Dissatisfied
50%

What is Customer Satisfaction (CSAT) Score

Customer Satisfaction Score (also known as CSAT), is a metric used to quantify how satisfied customers are with a company or brand’s products and services. The Customer Satisfaction Score is based on customers response to the question: “How would you rate your overall satisfaction with the service you received?” The score is calculated using the formula: (The total number answer of “Very Satisfied” and “Satisfied”) ÷ (The total response) x100, and it is generally displayed in percentages. Some of the main benefits of the CSAT for businesses are tracking retention, identifying happy customers and growing relationships, and gaining repeat business to build a sustainable brand.

Newtek Business Services Customer Satisfaction vs. Competitors

Compared to its competitors, Newtek Business Services's Customer Satisfaction score is rated right above Travelers, and is preceded by AmTrust Financial.

COMPANYCustomer Satisfaction (CSAT) Score
AmTrust Financial62%
Newtek Business Services50%
Travelers44%
Assurant25%

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Newtek Business Services Customer Service

2.5/5

Newtek Business Services has an overall Customer Service score of 2.5 out of 5 stars rated by its users and customers.

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About Newtek Business Services's Customer Service

Address

1981 Marcus Avenue, Suite 130, New York City, NY 11042


Website

https://www.newtekone.com


Phone Number

(855)763-9835

Newtek Business Services Customer Service vs. Competitors

Compared to its competitors, Newtek Business Services's Customer Service score is rated right above Assurant, and is preceded by Travelers.

COMPANYCustomer Service Score
AmTrust Financial3.5/5
Travelers2.7/5
Newtek Business Services2.5/5
Assurant1.8/5

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Newtek Business Services as an Employer

4.6/5

Newtek Business Services has a 4.6/5 stars for its overall company culture rated by their employees

  Newtek Business Services CEO
top
20%
CEO of Newtek Business Services

In the Top 20% of Similar Sized Companies on Comparably.

Consumer vs. Employees

Newtek Business Services scored a 14 for Net Promoter Score and a 49 for Employee Net Promoter Score. NPS gauges how likely a customer of Newtek Business Services would recommend the brand to a friend. ENPS measures how likely Newtek Business Services employees would recommend working at Newtek Business Services to a friend.

Net Promoter Score

14
NPS Score
57%Promoters
0%Passive
43%Detractors

Employee Net Promoter Score

49
eNPS Score
66%Promoters
17%Passive
17%Detractors

Global Ranking Snapshot

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