The most substantial decrease in small business future expectations
was regarding the expected overall financial condition.
Forty-one percent of small businesses and 27% of middle market
companies do not intend to retire.
Having a knowledgeable staff and convenient locations were the two
most important branch attributes among small businesses.
After a promising first half of 2014, the small business market
($100K-<$10MM) retreated on many economic metrics in the third quarter.
Conversely, the middle market ($10MM-<$500MM) remained confident. Barlow
Research’s third quarter 2014 Economic Pulse Survey explored business
confidence, credit appetite, retirement and the importance/performance
of various branch attributes.
Small businesses’ future expectations for the U.S. economy, their
company’s overall financial condition, industry’s overall financial
condition, sales and profits all saw decreases in the third quarter but
remained positive. However, small businesses and middle market companies
did indicate a need to increase the hiring of full-time employees.
“External factors such as the Fed Policy on interest rates, geopolitical
tension and sales demand will continue to weigh on the confidence of
small business and middle market companies,” says Ray Johns, Managing
Partner, Barlow Research.
Applications for additional credit decreased marginally in both small
business and middle market. Once again, the percentage of small
businesses that have no current need for additional credit or do not
borrow increased, suggesting that the market is weak due to a lack of
demand rather than diminishing supply.
Other important results from the third quarter 2014 Economic Pulse
About Barlow Research Associates, Inc.:
Barlow Research Associates, Inc., founded in 1980, provides research and
consulting services to the banking industry in the U.S. and overseas
with specialties in custom research, strategic consulting and syndicated
research programs for small business, middle market and digital banking.
For more information on the study, contact Bernie Kuechler, Director of
Data Analytics at email@example.com
Barlow Research Associates, Inc.
Bernie Kuechler, 763-253-1830
of Data Analytics
Source: Barlow Research Associates, Inc.