, (GLOBE NEWSWIRE) -- , (NASDAQ:NEWT), , announced today the release of the SB Authority Index of small business indicators for which reached 131.05 points. Approved SBA lending volumes, new entity formation and the Russell Microcap Index led the increase. The SB Authority Index is up 0.14% from . On a year-over-year comparison, the SB Authority Index is up 1.20%.

, Chairman, President and CEO of commented, 'As we are experiencing stock market turbulence and the beginning of an interest rate cycle change, our measure of the strength of the small business economy continues to sputter. Our had businesses entering the year with optimism, but our SB Authority Index is showing a flat trend and not depicting that optimism.'

About

, , is an internally managed business development company, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the brand to the small- and medium-sized business (SMB) market. Since 1999, has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 business accounts across all 50 States to help them grow their sales, control their expenses and reduce their risk.

Newtek's products and services include: Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), eCommerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage, Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll.

is a registered trade mark of , and neither are a part of or endorsed by the .

Note Regarding Forward Looking Statements

Statements in this press release including statements regarding beliefs, expectations, intentions or strategies for the future, may be 'forward-looking statements.' 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 and available throughhttp://www.sec.gov. 


FROM:

http://www.thesba.com

Contact: Simrita Singh

Telephone: (212) 356-9566 / ssingh@thesba.com

Investor Relations

Contact: 

Telephone: (212) 273-8179 / jcavuoto@thesba.com

Source:

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Newtek Business Services Inc. issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 17:26:01 UTC

Original Document: http://investor.newtekbusinessservices.com/releasedetail.cfm?ReleaseID=950580