05 17 2013

05 17 2013

Small Business Hiring Adds Slight Improvement to U.S. Economy

As small businesses in the United States begin to pick up the pace when it comes to hiring again, more of these companies may want to consider taking out a small business loan or merchant cash advance to ensure enough funds are available to pay workers in a timely manner.

Small business hiring increasing

According to a new report by the National Federation of Independent Business, hiring rose among small business owners in April, as smaller enterprises hired an estimated 0.14 new employees on average during the month.

Although this is slightly lower than March’s total and may seem insubstantial, it indicates progress after years of a stagnant job market mired in weak employment opportunities. In addition, this is the fifth month in a row that showed positive growth in employment.

About 13 percent of small business owners reported adding an average of 3.2 employees – an increase of 4 percent from the number of owners who said the same in March – to their workforce over the last few months, NFIB data indicates. Nearly half of small business owners either recruited or attempted to recruit new hires within the last three months.

According to the U.S. Department of Labor’s Bureau of Statistics, the unemployment rate dipped to 7.5 percent in April, and the country conjured up an additional 165,000 new jobs during the month.

More small business owners have a positive outlook of the economy and said they believe they will be able to employ new workers later this year. Six percent of small business owners polled said they intend to hire new workers over the next three months, a net increase of 6 percent after months of dour owner sentiment on hiring.

“April was another positive, albeit lackluster month for job creation,” said Bill Dunkelberg, NFIB chief economist. “But small business owners are expressing a bit more enthusiasm in hiring plans in the months to come.”

Small business owners still struggle to find talent

Yet it wasn’t all good news, as the survey showed small business owners had a hard time finding workers with the right skill set for the jobs they need done. More than 75 percent of entrepreneurs in the market for new workforce talent said they struggled to find strong candidates during their recruitment process.

Recruiting qualified workers and putting a strong team in place is important to business growth. Small business owners that feel they are ready to hire new employees to build their business, but are unsure of how they will cover all the costs, can contact National Funding to learn about how a small business loan or merchant cash advance may help supply the working capital they need to expand their workforce.

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Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.


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To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.


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The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.


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