Have you been feeling especially optimistic lately? Feeling some extra pep in your step? Does the future of your business look all sunshine and rainbows? Guess what—you’re not the only one!
In fact, according to the National Federation of Independent Businesses (NFIB), small business optimism nationwide has risen to the second highest level ever—that is, in the 45-year period since the index’s creation in 1973!
TLDR: Small business optimism is reaching record highs. Are you doing everything you can to capitalize on the good times?
The Small Business Optimism Index! It’s a census created by the NFIB to analyze the mindset of small business owners in the US through measuring their expectations for the future of their businesses, and their satisfaction with the small business economy.
In May, the index rose by 3 points up to 107.8—the highest recorded score in 30 years, and the second highest recorded score in history. But that’s not all…
Other measured aspects of small business optimism hit all-time record highs, including:
“Main Street optimism is on a stratospheric trajectory,” says Juanita Duggan, NFIB President and CEO, “thanks to recent tax cuts and regulatory changes. For years, owners have continuously signaled that when taxes and regulations ease, earnings and employee compensation increase.” (https://www.nfib.com/surveys/small-business-economic-trends/)
It’s true! The Business Optimism Index has been showing small business owner satisfaction and growth rising with unprecedented speed over the last 18 months… That’s just about the time Trump’s new Tax Cuts and Jobs Act came out, which placed heavy emphasis on deregulation and tax breaks for small business owners. This has given small business owners the breathing room they’ve needed in order to grow for some time now.
So now that we all agree that it’s a great time to be alive for small business owners, what are you gonna do about it? You could sit back and smile at how great everything is, or you can grab these good times by the horns and take advantage of it!
Interesting, right? But there’s more! National Business Capital and Services recently conducted its own survey and discovered more growth statistics that should grab the attention of small business owners.
Dubbed the Business Confidence Index, National’s survey polled six industries regarding their growth plans: construction, food and beverage, manufacturing, medical, professional services and retail. Across these industries, 86% of business owners expressed the desire to grow using a variety of tactics:
Turning some of these visions into realities requires a substantial investment upfront, which can affect cash flow and threaten stability. Business loans may provide the capital needed to pursue growth, while ensuring there’s still enough cash available to support core business processes.
What are some of the main ways business owners might use loan funds? According to National’s survey:
Now it’s your turn! See how you can improve your business and progress on the path toward your goals with the right funding option.
National Business Capital & Services’ phones are ringing off the hook from small business owners across the country looking to capitalize on the good times with their wide variety of small business loans, which gives them an even faster, easier way of getting the capital they need to grow, saves them money, and ensures the most cost-effective method of financing for virtually any business goal.
National is currently helping thousands of small business owners nationwide
And much, much more.
And what’s more, business owners are also benefiting from the ability to save on interest, as well as reduce their taxes and utility costs even further through their business improvement division, National Business Services!
Fill out National’s 1-page, 1-minute application to join in on the fun, and get the funding you need in as little as 24 hours to capitalize on this incredible time of small business growth! Or, give a Business Financing Advisor a call at (877) 482-3008 to get some expert advice on how you should be taking advantage of this amazing period for the small business economy!
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.