Less Than 20% Of Business Owners Have Negative Outlook For Remainder Of 2013
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SOURCE Newtek Business Services, Inc.
Small Business Authority's Market Sentiment Survey Results
NEW YORK, Feb. 28, 2013 /PRNewswire/ -- Newtek Business Services, NASDAQ: NEWT, The Small Business Authority®, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,300 respondents, one of the key findings from the February survey is 45% of business owners feel neutral about the business future over the next 12 months. Of the remaining, 36% are optimistic, with only 19% feeling pessimistic.
The full February 2013 results showed the following:
As the U.S. Economy stumbled in Q4 2012 with GDP down 0.1%, how do you feel about the business future in the next 12 months?
Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, "After recording a negative flash GDP number for the fourth quarter and on the cusp of Sequestration, it is somewhat surprising, but yet defining, that business owners are more optimistic than pessimistic about the business environment going forward. With about half of our 1344 polled recipients neutral on the economy, the remaining participants were optimistic about the economy by slightly less than a 2:1 margin. This optimism must be a product of an improving stock market and a better lending environment. The payroll tax hike has made consumers less apt to spend but it has not affected the slightly optimistic thought process of independent business owners according to our poll."
Newtek Advantage™: Mobile real-time operating platform for business intelligence. The Newtek Advantage™ puts all critical business transactions in real-time. Access data on your smartphone, tablet, laptop or PC as it relates to eCommerce for credit/ debit transactions, website statistics, payroll, insurance and business loans.
Electronic Payment Processing: eCommerce, electronic solutions to accept non-cash payments, including credit and debit cards, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs.
Payroll: Complete payroll management and processing services.
Newtek Business Services, Inc.,The Small Business Authority®, is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek™ brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses and to compete effectively in today's marketplace. Newtek provides its services to over 100,000 business accounts and has positioned the Newtek™ brand as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 27.5 million small businesses in the United States, which in total represent 99.7% of all employer firms.
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.
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