Small business owners expect better credit availability
U.S. small business owners reported that they expect to be able to better access credit over the next year, according to a Wells Fargo/Gallup Small Business Index poll conducted in April.
A quarter of small business owners reported that credit will be easy to get over the next 12 months, whereas 32 percent reported that it will be difficult. This represents a net difference of -7 percentage points, the smallest gap in three years. Gaps of -11 and -21 percentage points were reported in January 2012 and November 2011, respectively. In April 2009, a gap of -6 percentage points was reported.
Nearly three-quarters (73 percent) of small business owners reported that they are extremely, very or somewhat confident that they could get credit if they need it.
To read the full report, click here.