Small Business Economy Continues to Grow Modestly
Press release from the issuing company
Monday, January 5th, 2015
Newtek Business Services Corp., The Small Business Authority, announced today the release of the SB Authority Index of small business indicators for November 2014 which reached 129.50 points. Approved SBA lending volumes, the Russell Microcap Index and retail sales led the increase. The SB Authority Index is up 0.09% from October 2014. On a year-over-year comparison, the SB Authority Index is up 4.88%.
Barry Sloane, Chairman, President and CEO of The Small Business Authority commented, "A robust stock market, lower levels of interest rates and a more fertile lending environment lead the overall index to grow modestly. We wish all our small independent business owners a happy holiday season, happy, healthy New Year, and a better, more robust business environment in 2015."