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Merchant Loan and Small Business Optimism in the US

The National Federation of Independent Business’ (NFIB) Index of Small Business Optimism in the US reached 104.8 in April 2018. This was a rise from 104.7 in March 2018. However, the index was below what the market had expected – 105.2. Let’s look at the small business optimism in the US and some survey results.

Small Businesses in the US: Need a Merchant Loan?

Small businesses in the US have been the most optimistic for over 3 decades. This was clearly expressed in a recent National Federation of Independent Business survey.

Companies consider finding skilled labor as the number 1 issue, with 34{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} of the participants in the mentioned survey noting job openings they couldn’t fill, led by the construction and manufacturing industries.

The index of small business optimism is pushed to a five-month low of 104.7, as the National Federation of Independent Business reports. Small business funding is among the most important issues concerning merchants.

With all this in mind, merchants should turn only to a reputable business financing provider so to get access to the necessary working capital without challenges. With a respectable alternative online lender, you can receive business funding such as a merchant loan with the best terms and at the most affordable rates.

What Do Numbers Show?

Based on a survey conducted by Wells Fargo and Gallup in early April of 2018, the situation is the following:

  • A quarterly small business sentiment index was 106, down from 107 in the 1st The survey was based on data provided by 603 owners.
  • 43{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} of the owners were likely to hire in the next 12 months.
  • Almost 2/3 of the participants thought qualified staffers would represent a challenge to their businesses.
  • 39{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} didn’t know how the new tax law would mean for their companies. 27{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} didn’t expect it to beneficial.
  • 62{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} of the owners surveyed were likely to purchase equipment in the upcoming 12 months.

It’s interesting to note that the NFIB Business Optimism Index in the US averaged 98.08 Index Points from 1975 until 2018. It reached an all-time high of 107.70 Index Points in July 1983. The record low of 80.10 was registered in April 1980.

Author Bio: As an account executive, Michael Hollis has funded millions by using alternative funding solutions such as a merchant loan. His experience and extensive knowledge of the industry has become a true asset for First American Merchant. 

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