Archives from month » November, 2011

Newtek Business Services, Inc. Completes All Requirements in Alabama Certified Capital Company Program

Wilshire Alabama Partners recently received a CAPCO program investment:

Newtek Business Services, Inc. (Nasdaq: NEWT), The Small Business Authority, announced that its Certified Capital Company (Capco) subsidiary operating in Alabama, Wilshire Alabama Partners, LLC, has received from the State of Alabama official confirmation that it has completed all investment and other requirements under the program and is no longer subject to supervision or regulation because the CAPCO invested 100% of its certified capital in qualified businesses operating in Alabama.  The Company will meet on going reporting requirements and plans to explore the steps for the liquidation and dissolution of the entity.  The Company has now fully satisfied its regulatory obligations in three of the eight jurisdictions in which it has participated.

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Momentum Telecom Adds ‘Momentum’ to Website Features, Secures CAPCO Funds

Momentum Telecom, based in Alabama, recently received an investment through the CAPCO Program:

For those of us who may have once asked the age-old question, “What’s in a name?” there’s one company in particular that would probably respond, “A whole lot.”

For Momentum Telecom, a leading provider of business solutions for cloud-based communications, the first word in its name, “momentum,” is what defines the company as a one-stop-shop for customers’ business communications needs.

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