UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 SCHEDULE 13G/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 2)*

                        NEWTEK BUSINESS SERVICESS, CORP.
                      ------------------------------------
                                (Name of Issuer)

                         COMMON STOCK, $0.02 PAR VALUE
                      ------------------------------------
                         (Title of Class of Securities)

                                   652526203
                              --------------------
                                 (CUSIP Number)

                               December 31, 2015
         -------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                                PAGE 1 OF 4 PAGES




--------------------------------------------------------------------------------
 1     NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Jeffrey G. Rubin
--------------------------------------------------------------------------------
 2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [_]
                                                                         (b) [X]
 -------------------------------------------------------------------------------
 3     SEC USE ONLY


--------------------------------------------------------------------------------
 4     CITIZENSHIP OR PLACE OF ORGANIZATION

       United States
--------------------------------------------------------------------------------
                     5      SOLE VOTING POWER

                            1,033,454 shares*
      NUMBER OF      -----------------------------------------------------------
        SHARES       6      SHARED VOTING POWER
     BENEFICIALLY
       OWNED BY             32,910 shares*
         EACH        -----------------------------------------------------------
      REPORTING      7      SOLE DISPOSITIVE POWER
       PERSON
         WITH               1,033,454 shares*
                     ----------------------------------------------------
                     8      SHARED DISPOSITIVE POWER

                            32,910 shares*
--------------------------------------------------------------------------------
 9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       1,066,364 shares*
       *Not to be construed as an admission of beneficial ownership
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

       N/A
--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

       7.4%
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       IN
--------------------------------------------------------------------------------

                                PAGE 2 OF 4 PAGES



              Item 1(a) Name of Issuer:
                        Newtek Business Services, Corp.

              Item 1(b) Address of Issuer's Principal Executive Offices:
                        212 West 35th Street, 2nd Floor
                        New York, NY 10001

              Item 2(a) Name of Person Filing:
                        Jeffrey  G. Rubin

              Item 2(b) Address of the Principal Office or, if none, Residence:
                        40 Cutter mill Road, Suite 302
                        Great Neck, NY 11021

              Item 2(c) Citizenship:
                        United States

              Item 2(d) Title of Class of Securities:
                        Common Stock, $0.02 par value

              Item 2(e) CUSIP Number:
                        652526203

              Item 3    N/A

              Item 4    Ownership:
                        (a) Amount Beneficially Owned:

                              1,066,364 shares of common stock, par value $0.02,
                              with 1,033,454 shares held by Jeffrey G. Rubin
                              personally, 32,452 shares held by the J. Rubin
                              Family Foundation, of which Jeffrey G. Rubin is a
                              trustee, and for which Jeffrey G. Rubin disclaims
                              beneficial ownership, 220 shares held in a Uniform
                              Gifts to Minors Act (UGMA) account for the benefit
                              of Jordana Rubin, for which Jeffrey G. Rubin
                              disclaims beneficial ownership, 68 shares held in
                              a UGMA account for the benefit of Amanda Rubin,
                              for which Jeffrey G. Rubin disclaims beneficial
                              ownership, and 170 shares held in a trust for the
                              benefit of the Jeffrey G. Rubin's sister, for
                              which Jeffrey G. Rubin serves as the trustee, and
                              for which Jeffrey G. Rubin disclaims beneficial
                              ownership.

                        (b)  Percent of Class:                             7.4%

                        (c)  Number of shares as to which such person has:

                                (i)  sole power to vote or direct the vote:
                                                                1,033,454 shares

                                (ii)  shared power to vote or direct the vote:
                                                                   32,910 shares

                                (iii)  sole power to dispose or to direct the
                                       disposition of:
                                                                1,033,454 shares

                                (iv)  shared power to dispose or to direct the
                                      disposition of:
                                                                   32,910 shares

                                PAGE 3 OF 4 PAGES




              Item 5    Ownership of Five Percent or Less of a Class: If this
                        statement is being filed to report the fact that as of
                        the date hereof the reporting person has ceased to be
                        the beneficial owner of more than five percent of the
                        class of securities, check the following [ ].

              Item 6    Ownership of More than Five Percent on Behalf of
                        Another Person:

                        Not applicable.

              Item 7    Identification and Classification of the Subsidiary
                        Which Acquired the Security Being Reported on By the
                        Parent Holding Company:

                        Not applicable.

              Item 8    Identification and Classification of Members of the
                        Group:

                        Not applicable.

              Item 9    Notice of Dissolution of a Group:

                        Not applicable.

              Item 10   Certification:

                        By signing below I certify that, to the best of my
                        knowledge and belief, the securities referred to above
                        were acquired and are held in the ordinary course of
                        business and were not acquired and are not held for the
                        purpose of or with the effect of changing or influencing
                        the control of the issuer of such securities and were
                        were not acquired in connection with or as a participant
                        in any transaction having such purpose or effect.

                                    SIGNATURE

              After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

                                Dated: February 11, 2016

                                By:   /S/ JEFFREY G. RUBIN
                                -------------------------------------
                                Name:  Jeffrey G. Rubin


                                PAGE 4 OF 4 PAGES