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Access to Capital for Main Street is improving for its Members says NFIB

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August 5, 2013

NFIBGraph080513The latest NFIB quarterly survey reveals access to credit continues to improve for its members. Some numbers are approaching 2008 pre-recession survey results.

I love all these stats, so here goes;

2% say financing was their top business problem

5% report that all their credit needs were not met, that is back to 2008 numbers,

29% report all their credit needs are met

53% say no thanks, they aren’t borrowing

29% say they borrow on a regular basis

6% report loans are “harder to get” today

5.2% is the average interest rate paid for short-term loans.

39% bought or leased equipment in the last six months

14% bought or leased real estate in the last six months

Check out the complete NFIB Research Foundation July 2013 report here.

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