Small Business Spending on Track for Highest Level in 4 Years

US economy better positioned to handle pain. (The Advisor, 3/21/12)

According to a report released last month by TD Economics, an affiliate of TD Bank, the economy is back on track.  The economic outlook seems to be optimistic, but wait…haven’t we been here before? Last year also began with the same positive outlook, but the second half of the year knocked that growth off course. Will the rising fuel and energy costs jeopardize growth in 2012?

Surge in local business loans shows confidence. (Springfield News-Sun, 3/18/12)

According to the latest Small Business Administration figures, small business does not seem to be concerned.  After declines in loans and loan amounts in the four years up to 2009, the number of government supported commercial loans rose last year – for the third year in a row since 2009. “Business owners have either waited as long as they can wait, or they have a slightly better outlook long term for what the economy is going to do,” according to Mark Keating, the loan program manager for one of the SBA’s regional Development Centers in Florida.

“Business owners have either waited as long as they can wait, or they have a slightly better outlook long term for what the economy is going to do.” Mark Keating/SBA

28% of the country’s small businesses plan to increase capital spending in the next 12 months, the highest level in four years. (Wells Fargo/Gallup Poll, February, 2012)

Businesses want access to cash flow as the economy improves. Business Capital  will provide access to capital.  We have restructured over $1 Billion in debt in the last 10 years and our Chief Credit Officer has underwritten or funded approximately .5 Billion in venture debt. Business Capital’s team of experts has over 50 years of combined experience in every industry and deal type.  We will structure a turnaround, if necessary, and secure the best possible financing at the best possible price that is customized to your business.

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