Access to Capital for Main Street is improving for its Members says NFIB
August 5, 2013
The 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.