Majority Of Business Owners Have No Plan To Change Headcount


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Majority Of Business Owners Have No Plan To Change Headcount

Feb 3, 2015

NEW YORK, Feb. 3, 2015 /PRNewswire/ -- Newtek Business Services Corp., (NASDAQ: NEWT) (www.thesba.com) 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 1,400 respondents, the key finding from the January survey is 75% of business owners plan to keep their number of employees the same.

The full January 2015 results showed the following:

Poll Question

Poll Answer

Percentage

Will your company:

 

Hire more staff

23%

Reduce headcount

2%

Keep it the same

75%

 

Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, "Spurts of economic strength such as the recent GDP number and the U.S. dollar strength as compared to other currencies are countered by the recent weak corporate earnings as well as the recent decline in durable goods orders. Small businesses in general continue to be apprehensive regarding growth and new hires. Despite an illusionary falling unemployment number, the total number of employed Americans continues to be a lackluster economic statistic with no trend reversal in sight."

Newtek Logo.

About Newtek Business Services Corp.

Newtek Business Services Corp., 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, Electronic Payment Processing, The Secure Gateway, Managed Technology Solutions (Cloud Computing), eCommerce, Business Lending, Insurance Services, Web Services, Data Backup, Storage and Retrieval, Accounts Receivable Financing and Payroll.

The Small Business Authority® is a registered trade mark of Newtek Business Services Corp., and neither are a part of or endorsed by the U.S. Small Business Administration.

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.". 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.

FROM:
Newtek Business Services Corp.
http://www.thesba.com 
Contact: Simrita Singh
Telephone: (212) 356-9566 / ssingh@thesba.com  
Investor Relations
Contact: Jayne Cavuoto 
Telephone: (212) 273-8179 / jcavuoto@thesba.com

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SOURCE Newtek Business Services Corp.

News Provided by Acquire Media






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