Newtek Business Services, Inc., The Small Business Authority, announced today the release of the SB Authority Index of small business indicators for April 2014 reaching 126.91 points.  The Russell Microcap Index, approved SBA lending volumes and new business formation led the increase. The SB Authority Index is up 0.46% from March 2014.  On a year-over-year comparison, the SB Authority Index is up 7.48%.

Barry Sloane, Chairman, President and CEO of The Small Business Authority commented, "We have continued to observe weak economic numbers across the small business economy.  The recently released U.S. GDP showing a 1% decline in the first fiscal quarter is consistent with the negative sentiment that we see among business owners.  The Federal Reserve's "zero rate interest policy" is inflating certain indicators like the Russell Microcap Index and bank lending growth, however, these economic indicators, without real innovation and confidence in the economy, will not provide ongoing stimulus. We believe the Federal Reserve will continue its easy monetary policy and hope things become more positive for small business owners and the economy at large."