Newtek Business Services, Inc., announced the release of the SB Authority Index of small business indicators for March 2013 reaching 117.31 points.  Approved SBA gross lending volume and the Russell Microcap Index led the increase.  The SB Authority index is up .20% from February 2013. 

President and CEO, Barry Sloane said, "Despite an improved lending environment and recent highs in the equity market, the small business economy continues to limp along without much growth or momentum. We still see a lack of business confidence, particularly in the areas of weaker retail sales and anemic to negative small business formations. Entrepreneurial spirit and business confidence is lacking in the small business economy to make any major difference and contribution to the overall economy."