01 23 2014

01 23 2014

Small Businesses Show Relative Optimism

Small business optimism as measured by the National Federation of Independent Business (NFIB) Index went up slightly in December to 93.9 points, although it is still not near the prerecession average of around 100 points.

According to the survey, manufacturing, construction and professional services are all showing improvement. Additionally, 8 percent of respondents predicted higher sales in 2014, which is an increase of 5 points since November. This reading is the highest it has been since early 2012.

More than half (64 percent) of small business owners reported capital spending, which is the highest level since 2005, and in increase of 9 percent month over month.

“The surge in spending, especially on equipment and fixtures and furniture, is certainly welcome and is hopefully not just an end-of-year event for tax or other purposes. This level of spending is more typical of a growing economy,” the NFIB wrote in its report.

Additionally, business owners added more staff members in December than was predicted. Companies grew by an average of 0.24 workers, the highest reading since February 2006.

The growth in spending and hiring might be due to the fact that 10 percent of those surveyed believe now is a good time to expand their business.

According to a new survey by the New York Federal Exchange, Americans predict low and stable levels of inflation for the foreseeable future. This might also be spurring small business growth.

“Consumer expectations for overall inflation and home prices remained stable in recent months,” the New York Fed said in a statement. “Median earnings and household income growth expectations have remained steady and perceptions of credit access have improved slightly.”

Those who want to take advantage of the low interest rates and stable economy might consider a business cash advance or equipment financing from National Funding. The application is easy to fill out, and you can get your money in 24 hours.


  • 3 Reasons Why A Small Business Loan Is Good For Your Business

    There's one fact of business that no small business owner can deny: Money is essential to stay operational. For business leaders who may be short on funds or in need of money to help invest in future growth for their company, a small business loan can provide the cash needed to get ahead. Many business… […]

  • Working capital loans for small businesses

    Working Capital Loans for Small Businesses

    National Funding knows that small businesses are the fabric of America. That’s why we’ve made your business, our business by providing thousands of working capital loans to small and midsize companies in every state in the country. Every business owner knows that working capital is the lifeblood of a business. It’s money for inventory, bill… […]

  • Tax changes business owners should know

    6 Tax Code Changes Small Business Owners Should Know

    Though everyone knows when tax season is, it always seems to catch many people off-guard. Like it or not, though, when tax time comes, it's crucial that all small business owners gather their documents and start filing right away. The fact that tax laws change every year is almost as predictable as tax season itself.… […]

  • How to get email newsletter subscribers

    3 Simple Tips To Convert Visitors Into Email Newsletter Subscribers

    An email newsletter is a great way to stay in touch with your customers and let them know when certain promotions will be held. However, you can't get the word out about your amazing products if no one subscribes to your newsletter. Luckily, there are many methods to bring in more subscribers. Here are a few… […]