Balboa Capital Survey Shows Small Business Owners Have Increased Confidence And Higher Revenues In 2013
Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, today announced the results of a comprehensive online survey of small businesses and equipment vendors nationwide. Among the key findings: American small business owners and equipment dealers are feeling more optimistic about the nation's economy, and many of them are seeing increased revenues in 2013.
"We conducted a survey to help identify some of the key issues that small businesses and equipment vendors are facing today," said Jake Dacillo, Marketing Director at Balboa Capital. "Based on the feedback we received, many business owners are still dealing with the effects of the economic downturn, but there does appear to be a light at the end of the tunnel. As outlined in our small business infographic, there is a growing level of optimism among business owners and equipment dealers we surveyed. They anticipate stability with the economy and plan to invest in their businesses during the final months of the year."
Poll results of Balboa Capital's small business survey include:
- 72% of small business owners feel the US economy is improving; 43% are extremely confident about the economy
- 39% of small business owners are seeing increased revenues this year
- 58% of equipment vendors are seeing increased revenues this year
- 88% of equipment vendors are confident about the future of their businesses
- The most common investment goals among small business owners include business expansion (34%), marketing (21%), increasing staff (20%) and purchasing equipment (13%)
- 31% of small businesses financed capital equipment this year
This optimism came as no surprise to Balboa Capital. "We interact with small businesses and equipment vendors on a daily basis, and many of them indicate that things are starting to turn around," said Mr. Dacillo, adding, "As their trusted financing resource, we will continue to provide them with the solutions they need to grow their businesses."
In 2013, Balboa Capital has experienced substantial growth in the numerous business industries it serves. The company is now a Preferred Lender for Papa John's Franchisees, a Qualified Vendor for Choice Hotels Franchisees, an Endorsed Financing Resource for International Business Products, Incorporated, and a Financing Partner of the Electric & Gas Industries Association. Balboa Capital added over 70 new employees this year and will continue hiring financing professionals for each of its sales divisions to accommodate its growth.
About Balboa Capital
Balboa Capital is one of the largest privately-held independent finance companies in the United States delivering access to capital, speed of processing, dependable funding, state-of-the-art technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success. Celebrating 25 years in business in 2013, Balboa Capital markets its products through their small ticket, middle market and vendor sales channels. The company's assortment of financing products includes equipment leasing, commercial financing, small business loans, equipment vendor financing and franchise financing. For more information, and to hear Balboa Capital reviews from actual customers, visit http://www.balboacapital.com.