In an e-mail sent out over the weekend, Denny Dennis of the NFIB Research Foundation announced a new survey that should shed important light on the state of credit for American small businesses.
The National Small Business Poll is currently in the field with a new survey, titled "Small Business Credit in a Deep Recession," that addresses issues of met and unmet credit demand, credit cutbacks, discouraged borrowers, creditworthiness of potential borrowers, and real estate as a drag on borrowing capacity. It further investigates use and availability of loans, lines, and credit cards, with a brief look at trade credit.
Initial results should be available in January.
In the meantime, they have offered their latest 411 Small Business Facts TOP 9 Questions for October & November 2009 from previous polls:
1. BUSINESS PROFITS - How many owners (in total) will draw a salary, dividends or profits from the business within the year? (Vol. 7, Iss. 7, Q#9.)
2. TECHNOLOGY - Is the single most important new or significantly improved technology employed within a small business most likely to be a process, a piece of equipment, or a piece of software? (Vol. 5, Iss. 5, Q#1b.)
3. ESTATE AND GIFT TAX - How many small employers carry extra life insurance for the sole purpose of paying any potential estate and gift tax on their businesses? (Vol. 2, Iss. 7, Q#6).
4. THE BUDGET - How often do small employers with a written budget typically review the budget and compare projections to what is actually happening? (Vol. 7, Iss. 4, Q#12.)
5. NON-OWNER MANAGERS - How much younger are non-owners managers of employing small businesses than owner-managers, or are they younger? (Vol. 8, Iss. 8, Q#10.)
6. JOB REFERENCES - How likely are small employers to ask for and check out the job references of people they plan to hire? (Vol. 7, Iss., 8, Q#17.)
7. LOCAL GOVERNMENT - Do local governments go out of their way to create a favorable business climate for local business, including those that are just starting? (Vol. 6, Iss. 2, Q#1E.)
8. RETIREMENT - How old do small employers intend to be when they fully retire, or do they think they will ever fully retire? (Vol. 5, Iss. 3, Q#4.)
9. LIABILITY INSURANCE - What proportion of small employers carry product or professional liability insurance, including negligence and errors and omissions? (Vol. 2, Iss. 7, Q#3B.)
The National Small Business Poll is currently in the field with a new survey, titled "Small Business Credit in a Deep Recession," that addresses issues of met and unmet credit demand, credit cutbacks, discouraged borrowers, creditworthiness of potential borrowers, and real estate as a drag on borrowing capacity. It further investigates use and availability of loans, lines, and credit cards, with a brief look at trade credit.
Initial results should be available in January.
In the meantime, they have offered their latest 411 Small Business Facts TOP 9 Questions for October & November 2009 from previous polls:
1. BUSINESS PROFITS - How many owners (in total) will draw a salary, dividends or profits from the business within the year? (Vol. 7, Iss. 7, Q#9.)
2. TECHNOLOGY - Is the single most important new or significantly improved technology employed within a small business most likely to be a process, a piece of equipment, or a piece of software? (Vol. 5, Iss. 5, Q#1b.)
3. ESTATE AND GIFT TAX - How many small employers carry extra life insurance for the sole purpose of paying any potential estate and gift tax on their businesses? (Vol. 2, Iss. 7, Q#6).
4. THE BUDGET - How often do small employers with a written budget typically review the budget and compare projections to what is actually happening? (Vol. 7, Iss. 4, Q#12.)
5. NON-OWNER MANAGERS - How much younger are non-owners managers of employing small businesses than owner-managers, or are they younger? (Vol. 8, Iss. 8, Q#10.)
6. JOB REFERENCES - How likely are small employers to ask for and check out the job references of people they plan to hire? (Vol. 7, Iss., 8, Q#17.)
7. LOCAL GOVERNMENT - Do local governments go out of their way to create a favorable business climate for local business, including those that are just starting? (Vol. 6, Iss. 2, Q#1E.)
8. RETIREMENT - How old do small employers intend to be when they fully retire, or do they think they will ever fully retire? (Vol. 5, Iss. 3, Q#4.)
9. LIABILITY INSURANCE - What proportion of small employers carry product or professional liability insurance, including negligence and errors and omissions? (Vol. 2, Iss. 7, Q#3B.)
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