Small Business Owners Not Ready to Stick Out Necks reports Dock Ladders Depot
Gun-shy business owners waiting to see impact of federal budget before borrowing
A study on small business lending was recently released by Thomson Reuters and PayNet, and showed owners took out fewer loans and leases during the January year. An index that was based upon the study fell to 113 from 115 within December, and has remained virtually unchanged since one year ago.
The study noted that owners are still rather cautious about some of their various political uncertainty within the last few months has been rectified through various channels. There are now many owners who are worried over the general impact of their individual earnings and the health care law that will take effect within the next year.
Many are still waiting out the federal budget numbers that are set to make cuts. Economists have now forecast that hundreds of thousands of jobs, including those within the small business sector, could be hit with losses due to budget cuts.
Many owners are now focusing on how to bring down payments to their companies' debt without losing footing in the repayment process.
Thomas Reuters/Paynet has compiled the data on commercial loans and leases in the PayNet database.
Reports regarding hiring that are due out within the next week will give another view of the overall small business landscape, and will shed light on whether those within the sector are willing to take any chances. The report included information based off of the payroll company ADP and the Labor Department.
About Dock Ladders Depot:
Dock Ladders Depot (http://www.dockladdersdepot.com/) provides individuals and businesses with the very best in ladders, whether for home or industry use. Browse the many variations on stepping ladders and find the safest and most reliable products on the market today.
Dock Ladders Depot
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.