Modest Growth Trend Continues In Small Business Economy - KiiiTV.com South Texas, Corpus Christi, Coastal Bend

Modest Growth Trend Continues In Small Business Economy

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Newtek Business Services, Inc.

Newtek, The Small Business Authority®, Releases June 2014 SB Authority Index

NEW YORK, July 31, 2014 /PRNewswire/ -- Newtek Business Services, Inc. NASDAQ: NEWT, The Small Business Authority®, announced today the release of the SB Authority Index of small business indicators for June 2014 which reached 127.83 points.  The Russell Microcap Index, approved SBA lending volumes and new business formations led the increase. The SB Authority Index is up 0.32% from May 2014.  On a year-over-year comparison, the SB Authority Index is up 7.07%.

Newtek Logo

Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, "The small business economy continues to mirror the overall trends seen in the U.S. economy. We are still experiencing a jobless recovery where most growth is driven by higher stock prices and an increased need for banks to lend money. We finally are seeing a small lift in new business formations. If and when hiring activity starts to increase, we would foresee a more robust small business economy, which would be great for all of our independent business owners and operators."

About Newtek Business Services, Inc.

Newtek Business Services, Inc., The Small Business Authority®, is the Authority for the small-and medium-sized business (SMB) market providing a wide range of business services and financial products under the Newtek® brand. Since 1999, Newtek 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: The Newtek Advantage, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), eCommerce, Business Lending, Insurance Services, Web Services, Data Backup, Storage and Retrieval, Accounts Receivable Financing, Payroll.

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 Business Administration.

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 through http://www.sec.gov.

Contact: Simrita Singh
Telephone: (212) 356-9566 / ssingh@thesba.com 
Investor Relations
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 / jcavuoto@thesba.com 
Contact: Brett Maas
Telephone: (646) 536-7331 / brett@haydenir.com

Logo - http://photos.prnewswire.com/prnh/20140205/NY59564LOGO

©2012 PR Newswire. All Rights Reserved.

  • Padre Island National Seashore, South Beach Temporarily Closed to Vehicle Traffic

    Padre Island National Seashore, South Beach Temporarily Closed to Vehicle Traffic

    The Padre Island National Seashore will be closing off the area known as South Beach to vehicle traffic beginning at 6:00 PM Tuesday.Early Tuesday the National Weather Service issued a Coastal Flood Advisory for Nueces and Kleberg counties from 10:00 PM Tuesday until Wednesday at 12 Noon. Representatives with the Padre Island National Seashore say they are closing off South Beach to traffic during the advisory.Park officials say vehicles will be allowed back on the beach as soon as conditions...More >>
    The Padre Island National Seashore will be closing off the area known as South Beach to vehicle traffic beginning at 6:00 PM Tuesday.Early Tuesday the National Weather Service issued a Coastal Flood Advisory for Nueces and Kleberg counties from 10:00 PM Tuesday until Wednesday at 12 Noon. Representatives with the Padre Island National Seashore say they are closing off South Beach to traffic during the advisory.Park officials say vehicles will be allowed back on the beach as soon as conditions...More >>
  • Hours After Arrest Warrant Is Issued, Suspect is Caught

    Hours After Arrest Warrant Is Issued, Suspect is Caught

    Daniel Martinez, 32, has been arrested on Theft and Burglary charges on Tuesday. It was back on August 21 when Corpus Christi police raided a home along the 1700 block of Nile Dr.Early Tuesday morning, police got arrest warrants for Martinez stemming from a raid of a home along the 1700 block of Nile. Hours later, Martinez was pulled over along the 6400 block of Vincent Drive. Police officers recognized Martinez as a wanted person and arrested him. The truck he was driving was taken to the Co...More >>
    Daniel Martinez, 32, has been arrested on Theft and Burglary charges on Tuesday. It was back on August 21 when Corpus Christi police raided a home along the 1700 block of Nile Dr.Early Tuesday morning, police got arrest warrants for Martinez stemming from a raid of a home along the 1700 block of Nile. Hours later, Martinez was pulled over along the 6400 block of Vincent Drive. Police officers recognized Martinez as a wanted person and arrested him. The truck he was driving was taken to the Co...More >>
  • Terror Group Posts "A Second Message to America"

    Terror Group Posts "A Second Message to America"

    (CNN) -- The ISIS terror group has published a video titled "A second message to America," showing the beheading of American journalist Steven Sotloff.The video also threatens the life of British captive, David Haines.Sotloff speaks to the camera before he is killed, saying he is "paying the price" for U.S. intervention.The masked ISIS figure in the video speaks to U.S. President Barack Obama, telling him, "Just as your missiles continue to strike our people, our knife will continue to strike...More >>
    (CNN) -- The ISIS terror group has published a video titled "A second message to America," showing the beheading of American journalist Steven Sotloff.The video also threatens the life of British captive, David Haines.Sotloff speaks to the camera before he is killed, saying he is "paying the price" for U.S. intervention.The masked ISIS figure in the video speaks to U.S. President Barack Obama, telling him, "Just as your missiles continue to strike our people, our knife will continue to strike...More >>