Small business owners are still skittish about hiring new employees even as some indicated they have access to the credit and financing needed to keep their firms running.
A recent survey of 1,915 for-profit small businesses by Capital One Small Business Banking revealed that 62% do not have plans to hire new talent over the next six months, while 70% said they are able to access the credit or financing they need. More than half, or 60%, planned to maintain their current level of spending on business development and investments. The survey was conducted in the first quarter of this year.
"While financial conditions are not back to where they were pre-recession, our survey results show that there is some positive momentum and reveal that small business owners across the nation believe things are beginning to turn around," said Robert Kottler, executive vice president of small business banking at Capital One.
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