Small Business Finance News

Multiple Polls Show Improvement In Small Business Sector

Written by Jenna Weiner
Published: 5/5/2011

Recent reports indicate that economic uncertainty continues to haunt the small business community.

Uncertainty about the economy remains the most pressing concern for small business owners, according to a recent Capital One Bank survey. 

Small Business Sector Improvement

The survey, conducted in March by Princeton-based Braun Research on behalf of Capital One, interviewed a random sample of 1,903 businesses that generate less than $10 million annually in revenue.

The poll found that 85 percent of owners said they were able to get the financing they need to keep their businesses afloat, a 15 percent year-over-year increase. Plus, only 14 percent of respondents reported having cash-flow issues, and 43 percent believe that their firms are in a better financial position today than they were one year ago.

Optimism in the small business sector may be a precursor to new hires. A recent Citibank survey found that the number of businesses that planned to hire new workers grew to 19 percent in April, up 5 percent from the beginning of 2011.

In addition, a Challenger, Gray and Christmas poll conducted in March notes that small business employers planned to cut 5 percent fewer jobs than they did one year ago.  

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