Newtek announced today the release of the SB Authority Index of small business indicators for December 2013 reaching 124.46 points. The Russell Microcap Index, Newtek Merchant Processing, and approved SBA lending volumes led the increase. The SB Authority Index is up 0.80% from November 2013. On a year-over-year comparison, the SB Authority Index is up 7.35%.
Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, “With the overall stock market up 30% in 2013, it is hard to imagine the small business economy not performing better considering the current low interest-rate environment. Our index is telling us there is more capital available for small business, business owners feel wealthier, and the consumer continues to spend albeit modestly.”