| [January 17, 2019] |
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2019 Small Business Outlook Survey Shows High Optimism
A survey by QuickBridge, a privately-held, leading financial services
firm offering
small business loans to businesses nationwide, states 83 percent of
business owners expect their business sales to increase over the next
year. The Q4 survey data assessed small business owners' expectations
for business growth and the U.S. economy in 2019.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190117005015/en/
Highlights from the survey include:
-
Optimism is high: 83 percent of respondents are confident in an
increase in sales, with 15 percent predicting they'll remain flat, and
2 percent down.
-
New tax laws received mixed reviews: 49 percent of respondents expect
no impact, with 35 percent predicting their tax burden will be
reduced, and 16 percent expect their taxes to increase.
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Challenges remain: 33 percent of respondents believe that securing
capital will be their biggest challenge, with growth, increasing
profits, and hiring employees averaging 20 percent each.
-
Praise for online lenders: 54 percent of respondents think online
lenders make it fairly easy to secure funding when compared to
traditional lenders, with 22 percent stating very easy, and24 percent
difficult.
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Expansion cited as main reason for seeking financing: 28 percent of
respondents plan to use funding for expansion, with equipment
acquisition and consolidating/paying off bills each coming in at
approximately 21 percent.
In response to the small business optimism indicated in the survey,
QuickBridge is providing business owners with a free resource for 2019
strategic planning. The "5 Essential Tips for Small Businesses Heading
into a New Year" white paper offers advice on how small business owners
can use end-of-year planning to anticipate future challenges and
opportunities.
"We're pleased to see small business owners optimistic about the future.
We surpassed our 2018 growth projections and hope for repeated success
in 2019," said QuickBridge President, Ben Gold. "We are very supportive
of our client's expansion efforts and encourage business owners to
download our white paper for ways to strategically plan and prepare for
the new year."
Download the complimentary New Year Business Tips white paper at: https://quickbridge.com/blog/5-essential-small-business-new-year-tips/.
About QuickBridge
Founded in 2011, Quick Bridge Funding LLC
(stylized as QuickBridge) is a privately-held financial services firm
headquartered in Irvine, California with a satellite office in New York
City. QuickBridge provides short-term working
capital loans to small to mid-sized businesses nationwide. Since its
founding, QuickBridge has provided more than $600 million in working
capital to more than 10,000 businesses. QuickBridge ranked two
consecutive years on the Inc.500 list and is a previous Business
Intelligence Group and Equipment Leasing and Finance Association (ELFA)
award winner. Visit quickbridge.com.
Products offered by Quick Bridge Funding, LLC and affiliates are
business loans only. The products are provided by third parties and
subject to lender approval. Loans to customers in California are made or
arranged pursuant to a California Finance Lenders Law License. License
number: 603 J292.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190117005015/en/
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