Statistically speaking: 42% of business owners get less credit than needed

03/04/2014 12:00 AM

02/26/2014 11:27 PM

According to a February 2014 Independent Business Survey conducted by Advocates for Independent Business and the Institute for Local Self-Reliance, lack of access to credit is a major barrier to expansion, with 42 percent of owners failing to obtain a loan or receiving less than they needed. Here are other findings from the report:

7% average 2013 sales increase for businesses in areas with a “local first” initiative.

49% number of small businesses that said competition with large Internet companies was their top challenge.

36% small-business owners who said that eliminating public subsidies for big companies would most help their business.

Editor's Choice Videos

Join the Discussion

Charlotte Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service