According to most recent National Federation of Independent Business Small-Business Optimism Index, small business owners are not worried about their ability to obtain business loans.
Only 3 percent of owners cited the cost and availability of credit as their No. 1 business problem, far from the record 37 percent reached in 1982.Thirty-six percent reported all their credit needs met compared to 4 percent who reported problems obtaining desired financing, typical of readings for the past few years.
"There is no real evidence that credit standards are being tightened, and credit remains as available as it has been for years. It's just more expensive," said the NFIB economist.
Available, just more expensive.
Don't lose my phone number...just in case conditions in the credit markets change and availability becomes an issue as well.
Need help finding the right lender or telling your story the right way? Read "Matchmaking for Business Loans" and give me a call!
Related Tags: small business, business loans, NFIB, working capital
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