Small business surveys have shown some improvement on outlook and overall optimism among owners and managers over the last couple months, with results being generally mixed. But typically there hav
e been a number of small businesses that continue to reiterate their inability to access lines of credit and business loans necessary to run daily operations and even consider any growth plans. In fact, just last month a National Federation of Independent Business report indicated that plans for capital spending outlays fell and that 10 percent of those surveyed reported problems obtaining financing. However, one industry expert sees improvement on the horizon, especially for small business owners. During an interview with CNBC on Wednesday, General Electric CEO Jeffrey Immelt commented on the borrowing environment among small businesses. "Small business demand for commercial lending has grown dramatically. It was almost nonexistent in the first quarter. It's grown dramatically in the second quarter," said Immelt in the CNBC interview. During the business-talk segment Immelt also said he believed innovation and competitiveness are keys to the future of the United States.
e been a number of small businesses that continue to reiterate their inability to access lines of credit and business loans necessary to run daily operations and even consider any growth plans. In fact, just last month a National Federation of Independent Business report indicated that plans for capital spending outlays fell and that 10 percent of those surveyed reported problems obtaining financing. However, one industry expert sees improvement on the horizon, especially for small business owners. During an interview with CNBC on Wednesday, General Electric CEO Jeffrey Immelt commented on the borrowing environment among small businesses. "Small business demand for commercial lending has grown dramatically. It was almost nonexistent in the first quarter. It's grown dramatically in the second quarter," said Immelt in the CNBC interview. During the business-talk segment Immelt also said he believed innovation and competitiveness are keys to the future of the United States.For further details visit at : capitalsolutionsbancorp.com/news/small-business-loan-demand-shows-dramatic-growth-20090522
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