Access to affordable capital Stay out of reach. More than half (53%) of small businesses cannot afford to obtain a loan given the current interest rates and 88% said they would help their business if interest rates fell.
35% have requested a new commercial loan or a credit line in the last year and 80% of them report that it was difficult to access affordable capital.
The owners of small businesses call the action: addressing inflation, cutting bureaucracy, expanding the benefits of workforce and increasing access to capital are the main priorities
More than half (57%) of small businesses said that their business is stopped by the regulatory bureaucracy and compliance.
95% of small businesses believe that the federal government should be doing more to adapt the programs and services that reflect the realities and needs of small businesses.
The 3 main priorities of small businesses for the new administration:
- Address inflation (54%)
- Expand the benefits of medical care, retirement and paid license (37%)
- Fiscal Reform Policy (34%).
89%of small -companies owners say it is important that Congress and the new SBA administrator modernize the SBA and think that the SBA should prioritize the following changes: increase access to affordable capital (50%), reduce regulatory load and reduce small businesses (47%), support more development of the workforce and training (34%), modernize communication and technology systems (34%) and increase small businesses), the objectives of small businesses), the objectives of work capacity and training capacity (34%), communication systems and communication technology (34%), and the increase in small businesses), and the increase in small businesses). (32%).