New Data Suggests Entrepreneurs Rallying

Date: July 15, 2014

Related Content: Analysis Economy National

Variety Of Factors Suggest That Small Business May Be Finally Recovering From Recession

A number of new economic indicators suggest that
the economic playing field for small businesses has improved significantly in
the last year, providing entrepreneurs a break from the long post-recession
doldrums. According to FRANdata, a consulting and research agency for
franchisers, the number of franchise locations launched by new franchisees is
expected to increase from 4,700 last year to 5,700 this year. In addition, ADP
jobs data shows that small businesses accounted for 27% of job gains in 2013,
up from 26% in 2012 and 24% in 2011. Finally, the approval rate of small business
loans by major banks rose to a post-recession high of 20% last month, according
to Biz2Credit. In addition, about 4% of loan approvals are for new businesses,
up from 1% in 2009.

Additional Reading:

USA Today reports on the data. The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys. View the NFIB Small Business Jobs Report.

Related Content: Analysis | Economy | National

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