The Small Business Authority® Releases The May 2013 SB Authority Index
The SB Authority Index Shows Slight Growth Within The Small Business Economy
NEW YORK, July 10, 2013
NEW YORK, July 10, 2013 /PRNewswire/ --Newtek Business Services, Inc.,
NASDAQ: NEWT, The Small Business Authority^®, announced the release of the SB
Authority Index of small business indicators for May 2013 reaching 118.75
points. Newtek merchant processing volume, approved SBA gross lending volume
and the Russell Microcap Index led the increase. The SB Authority index is up
.57% from April 2013.
President and CEO, Barry Sloane said, "We continue to see our economy driven
by the tremendous excess liquidity being created by the Federal Reserve's QE3
bond buying program. The excess liquidity is flowing into investments like the
stock market, retail sales, and other consumer purchases. Most of the demand
being created in the economy is flowing into these sectors. This is clearly
affecting the small business economy, albeit at a slow gradual pace."
About Newtek Business Services, Inc.
Newtek Business Services, The Small Business Authority, provides the following
products and services:
oNewtek Advantage™: Mobile real-time operating platform for business
intelligence.The Newtek Advantage™ puts all critical business
transactions in real-time. Accessdata on your smartphone, tablet, laptop
or PC as it relates toeCommerce for credit/ debit transactions, website
statistics, payroll, insurance and business loans.
oElectronic Payment Processing: eCommerce, electronic solutions to accept
non-cash payments, including credit and debit cards, check conversion,
remote deposit capture, ACH processing, and electronic gift and loyalty
oManaged Technology Solutions (Cloud Computing): Full-service web host,
which offers eCommerce solutions, shared and dedicated web hosting and
related services including domain registration and online shopping cart
oeCommerce: A suite of services that enable small businesses to get up and
running on-line quickly and cost effectively, with integrated web design,
payment processing and shopping cart services.
oBusiness Lending: Broad array of lending products including SBA 7(a) and
SBA 504 loans.
oInsurance Services: Commercial and personal lines of insurance, including
health and employee benefits in all 50 states, working with over 40
oWeb Services: Customized web design and development services.
oData Backup, Storage and Retrieval: Fast, secure, off-site data backup,
storage and retrieval designed to meet the specific regulatory and
compliance needs of any business.
oAccounts Receivable Financing: Receivable purchasing and financing
oPayroll: Complete payroll management and processing services.
The Small Business Authority^® is a registered trade mark of Newtek Business
Services, Inc., and neither are a part of or endorsed by the U.S. Small
Newtek Business Services, Inc., The Small Business Authority, is a direct
distributor of a wide range of business services and financial products to the
small- and medium-sized business market under the Newtek^® brand. Since 1999,
Newtek has helped small- and medium-sized business owners realize their
potential by providing them with the essential tools needed to manage and grow
their businesses and to compete effectively in today's marketplace. Newtek
provides its services to over 100,000 business accounts and has positioned the
Newtek^® brand as a one-stop-shop provider of such business services.
According to the U.S. Small Business Administration, there are over 27.5
million small businesses in the United States, which in total represent 99.7%
of all employer firms.
Note Regarding Forward Looking Statements
Statements in this press release including statements regarding Newtek's
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 and available
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 / firstname.lastname@example.org
Contact: Brett Maas
Telephone: (646) 536-7331 / email@example.com
Rubenstein Public Relations
Contact: Jonathan Goldberg
Telephone: (212) 843-9335 / firstname.lastname@example.org
SOURCE Newtek Business Services, Inc.
Press spacebar to pause and continue. Press esc to stop.