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The Small Business Credit Conundrum

ROI NFIB The Voice of Small Business. NFIB.com/creditfacts The Small Business Credit Conundrum Following the financial crisis of 2008, and the start-stop recovery that has unfolded since, the credit and financial market for small business owners is still topsy-turvy. We asked owners a variety of questions about accessing credit in the latest NFIB Research Foundation study. Uncertainty Reigns Small business owners say they face financing problems on several fronts. Here are their biggest obstacles. Access Denied? 金 金 金 2 % 金 金 金 33% Unpredictable business conditions Past due receivables 1% Unsure 4% 600,000 Other small businesses were shut out of desired credit in 2011* 5% 金 金 金 12 % 金 金 金 金 5% Cost and terms of credit Real estate values 23% No finance problems Slow or poor sales 15% 800,000 Inability to obtain credit obtained credit, but only some of their desired amount *Though the study's sample size was only 850, this refiocts the projected percentäge of small employers nationwide who didh't recelve desired credit. It's Getting Personal The percentage of small business owners using a personal (vs. business) credit card for business expenses is growing. Credit, Please In 2011, small business owners wanted credit for three major purposes: 63% Cash flow 42% - 2009 45% -2 - 2010 49% - 2011 46% Reserve/cushion Big-Bank Boom 48% The primary financial institution for almost half of small business owners 38% Inventory is now one of the largest 18 banks in the country. Source: NFIB's "Small Business, Credit Access and a Lingering Recession" http://www.nfib.com/research-foundation/surveys/credit-study-2012 ROI NFIB The Voice of Small Business. NFIB.com/creditfacts The Small Business Credit Conundrum Following the financial crisis of 2008, and the start-stop recovery that has unfolded since, the credit and financial market for small business owners is still topsy-turvy. We asked owners a variety of questions about accessing credit in the latest NFIB Research Foundation study. Uncertainty Reigns Small business owners say they face financing problems on several fronts. Here are their biggest obstacles. Access Denied? 金 金 金 2 % 金 金 金 33% Unpredictable business conditions Past due receivables 1% Unsure 4% 600,000 Other small businesses were shut out of desired credit in 2011* 5% 金 金 金 12 % 金 金 金 金 5% Cost and terms of credit Real estate values 23% No finance problems Slow or poor sales 15% 800,000 Inability to obtain credit obtained credit, but only some of their desired amount *Though the study's sample size was only 850, this refiocts the projected percentäge of small employers nationwide who didh't recelve desired credit. It's Getting Personal The percentage of small business owners using a personal (vs. business) credit card for business expenses is growing. Credit, Please In 2011, small business owners wanted credit for three major purposes: 63% Cash flow 42% - 2009 45% -2 - 2010 49% - 2011 46% Reserve/cushion Big-Bank Boom 48% The primary financial institution for almost half of small business owners 38% Inventory is now one of the largest 18 banks in the country. Source: NFIB's "Small Business, Credit Access and a Lingering Recession" http://www.nfib.com/research-foundation/surveys/credit-study-2012

The Small Business Credit Conundrum

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Following the financial crisis of 2008 and the start-stop recovery that has unfolded since, the credit and financial market for small business owners is still topsy-turvy. Here's what 850 small busine...

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nfib

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Business
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