News from the Wire

SB Authority Index shows continued SMB economic growth in September

Thursday, October 23, 2014 — 12:36:16 (EDT)

New York, Oct. 23, 2014 -- Newtek Business Services, Inc. NASDAQ: NEWT, The Small Business Authority(®), announced today the release of the SB Authority Index of small business indicators for September 2014 which reached 129.17 points. The Russell Microcap Index, new entity formation and retail sales led the increase. The SB Authority Index is up 0.28% from August 2014. On a year-over-year comparison, the SB Authority Index is up 5.88%.

Barry Sloane, Chairman, President and CEO of The Small Business Authority(®) commented, "Another tepid increase for the small business economy in the September Index as we are experiencing a roller coaster ride in the coastal markets. The Russell Micro-Cap Index and interest rates are experiencing extreme volatility, coupled with worldwide events such as ISIS and Ebola threatening the small business economy. These events tend to lead to the type of uncertainty that slows the small business economy and creates hesitancy amongst independent business owners."

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((TM)), 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.

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Source: Company press release.