Nearly 77% of small business owners surveyed say they've never applied for a business or personal loan. Most say they don't want the debt burden.
While 67% of respondents predicted a 2014 increase in business lending, nearly half said credit availability is unchanged.
Rate at less than 1% so far this year after two years of 7% growth, analytics firm says.
The Raleigh, N.C.-based firm said as of April, its database included more than one million aggregated private company financial statements.
A survey of 300 accountants who work with businesses found it less likely that businesses will add new employees over the next year.
Analysis firm says data show that many private companies may be well positioned to borrow.
With the economy recovering, credit unions may notice an uptick in inquiries from members wanting to start or grow businesses in certain areas.
If research firm Sageworks’ new monthly report is an indication, private and small businesses are heading into sequester cuts with strong financials.
Energy resouces, industrial machinery manufacturing top the list from Sageworks' analysis of private firms' financial statements.
The commercial lending landscape was predicted to be next the real estate bubble to burst this year. That forecast certainly came to fruition as financial institutions continue to grapple with losses with just two months left in 2010.