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We Love Small Business Stats

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May 31, 2013

BofAReportBy Bob Coleman
Editor, Coleman Report

Courtesy of Bank of America’s just released Small Biz Spring 2013 report.

Small business owners:

Have enough access to capital – 67%

Who will apply for a loan in 2013 – 19%

How small business owners would use funding from loans:

Invest in new equipment – 43%

Marketing – 40%

Expansion – 34%

Create a new product line – 29%

Hire more employees – 26%

Offer employee benefits – 22%

Invest in employee training – 20%

Purchase real estate – 2%

Factors affecting small business’ success over the next 12 months:

Economic recovery – 76%

Consumer confidence – 75%

Taxes – 67%

Strength of US dollar – 59%

Commodities prices – 59%

Effectiveness of government leaders – 58%

Health care costs – 56%

Access to capital – 52%

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