We Love Small Business Stats
May 31, 2013
By 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%