Water Cooler Talk

Bank Survey: Small-business owners optimistic about their future

The survey by TD Bank shows that 90% of small-business owners are optimistic about the next 12 months. However, concerns about inflation and increasing costs are prevalent. Additionally, 64% expect to need additional credit or financing, with various intentions for its use.

Jenn Day
May 16, 2024

Read the ABA Banking Journal survey here.

Here is a brief summary:

  • 90% of small-business owners are optimistic about their business prospects
  • 64% expect an increase in revenue and sales
  • 59% plan to expand their products and services
  • 94% have no plans to sell or close their businesses in the near future
  • Concerns about inflation and increasing costs persist
  • 64% anticipate needing additional credit or financing
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