• Skip to primary navigation
  • Skip to main content
  • Skip to footer
(216) 592-2332
  • Facebook
  • LinkedIn
  • Twitter
Small business loan resources in ohio

Growth Capital

Our dream is to approve yours.

  • COVID-19 Resources
  • About Us
  • Programs
    • Ohio Regional 166
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us

NFIB: Small business optimism hits 11-year high

One new report said that small business optimism has reached a high.

You are here: Home / Banking News / NFIB: Small business optimism hits 11-year high

February 24, 2017 by boardmember1 Leave a Comment

While some may be wary about the business policies of a new presidential administration, recent data showed high hopes dominated the past few months.

The National Federation of Independent Business revealed promising growth statistics as part of its January 2017 Small Business Economic Trends report. This included reports of the latest changes to the Small Business Optimism Index. While this measurement only grew by .1 points, it put the overall ranking at 105.9, continuing an unbroken trend of recent growth and reaching a level of optimism not seen since Dec. 2004.

To calculate this index, the NFIB factors ten different components into the equation, based on business responses. In this latest report, half of these saw increases, including “plans to increase employment,” “current job openings” and “earnings trends.

The index component with the highest change from last month belonged to “expected credit conditions.” The report also predicted that this year will see better economic growth than last year, in a near-parallel of a rush seen in 1983.

“The SBA 504 loan program can apply to several different purposes.”

Juanita Duggan, the president and CEO of the NFIB, put the new figures in perspective in an accompanying press statement.

“The stunning climb in optimism after the election was significantly improved in December and confirmed in January,” Duggan said. “Small business owners like what they see so far from Washington.”

With this potential growth on the horizon, it may be time for business owners to start researching good capital finance options for them. The SBA 504 loan program can apply to several different purposes, including refinancing loans for better financial management.

Growth Capital works to support local Ohio small businesses as they develop. You can read more about the 504 refinance option here, or sign up for our mailing list here.

Banking News national federation of independent business,  nfib,  small business growth,  small business optimism

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Let’s work together

Get in touch with us and send some basic info about your project.

Contact Us Today!

Footer

Social

Follow along on social media.

  • Facebook
  • LinkedIn
  • Twitter

Contact

IMG Center
1360 East Ninth Street, Suite 950
Cleveland, Ohio 44114
Get directions
(216) 592-2332
Contact

Navigation

  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual Reports
  • Blog
  • Our History
  • Events
  • Contact Us

Newsletter

Stay up to date by subscribing to our newsletter.

© Copyright Growth Capital Corp · All Rights Reserved · Website designed by Jennasis & Associates