Small business creditworthiness is steady.
CREDITWORTHINESS INDEX BY URBANICITY
Businesses in urban, suburban, and rural communities are, on average, all similarly creditworthy. However, these businesses vary in their success accessing external funding, as we’ll see later in the report.
Access to credit remains challenging.
Over the next year, 63 percent of businesses said they are looking for the same amount or more financing, while 37 percent said they would seek less financing or none at all.
Businesses within the food and beverage industry are most optimistic, with 86 percent predicting that their sales will rise. Businesses in the leisure and entertainment industry are most pessimistic, with nine percent of businesses expecting their sales to decline.
ATTITUDES TOWARD SALES BY URBANICITY
Also, businesses within urban environments are most bullish on their sales in the next 12 months, with 74 percent expecting sales to grow, versus 66 percent of businesses in rural areas and 62 percent of businesses in suburban communities.
Small business confidence is high.
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