PORTSMOUTH, N.H. (June 27, 2013) - — More than 50% of small businesses say that business is better than it was a year ago, according to a survey by Direct Capital, a leading national provider of working capital loans, equipment leasing and franchise financing.
Direct Capital surveyed thousands of small businesses across the United States, asking them whether business had improved in 2013 over the previous year. The survey found that 53% of small businesses reported a better year, with 21% reporting the same and just 26% having a worse year than 2012.
The strong showing continues a run of recent good news for small businesses, which includes five months of steady increase in lending demand profiled in Direct Capital’s Monthly Small Business Lending Index.
“We have seen strong lending demand this year and now and more than half of the business owners we polled are saying things have improved this year. Those continue to be good signs for the small business economy,” said Stephen Lankler, Senior Vice President at Direct Capital. “That said, the recovery has been described by many as slow and I think the survey backs those findings. You still have one out of four business owners saying 2013 has been worse than the previous year.”
To view an infographic explaining these results, visit this link.
About Direct Capital
Established in 1993, Direct Capital (www.directcapital.com) is a financial technology company that delivers financial solutions for small & medium sized businesses, franchisors, and equipment and technology sellers. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com/.