06 24 2013

06 24 2013

Survey: Small Business in a Holding Pattern

While the economy continues to stabilize and small business owners are increasingly optimistic about their entrepreneurial prospects, a recent study suggests owners are playing safe now more than ever.

Fewer identify themselves as risky

According to The Hartford 2013 Small Business Pulse report, 80 percent of small business owners who took part in the survey view themselves as conservative in regards to risk-taking. During a fall 2012 poll that number stood at 73 percent, while in the spring it was 49 percent.

Overall, just 2 percent of small business owners classified themselves as risk tolerant, down from 17 percent who said the same last year.

Despite the general cooling of risk-taking ambition in the small business world, most respondents felt successful in their endeavors (73 percent). When asked to compare the recovery of their local economy to the national market, 44 percent were more optimistic about the former, compared to 23 percent who viewed the latter through a rosier perspective.

Risks still present

Most small business owners have expressed optimism, yet many pointed to the persistent presence of a number of risks as cause for concern. They might need a small business cash advance to tackle this issue. Fifty-two percent cited sluggish economic growth, 44 identified health care costs and 40 percent said taxes. Forty-nine percent said federal spending cutbacks had an impact on their business, 76 percent said it was a negative effect.

“As a major risk, slow economic growth and health care costs continually affect how we operate as a business and plan long-term growth,” said Dominic Liuzzi, owner of Liuzzi Gourmet Food Market in North Haven, Conn. “Like many other small business owners, I have been taking a wait-and-see approach this year, rather than making quick decisions about expanding distribution, hiring, or purchasing new equipment. This gives us the time to get a better read on economic conditions, and evaluate what is working well with my business and determine how we better differentiate ourselves from the big stock stores.”

Owners were also less bullish on hiring: 47 percent said they cannot afford to expand payroll. Perhaps a factor behind this was the 39 percent who reported their business was not growing.

Regardless if owners have a risky or conservative mindset, many entrepreneurs need help securing financing. In this case, small business owners can turn to National Funding for a small business loan that will help them cover cash flow and other expenses.

Find Out How Much Funding You Qualify For

Fields marked with an * are required
By clicking this button I agree to all terms and conditions.

Terms & Conditions

General Acceptance

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.


US Patriot Act:

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.


For Loan/Merchant Services:

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.


For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) 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 (8) this request is for business and not for consumer purposes.


Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.