I’m sure this is not news to all of us Main Streeters out there. The stories I’ve been hearing from small business owners are just incredible. People with impeccable credit histories having credit lines slashed to almost nothing, companies offering payment plans never before considered only to find the customers still unable to meet the soft terms and enough accounting tricks to try and deal with the facts on the ground to make your head spin. Nope, the recovery still hasn’t made it to Main Street.
From the link:
The economy may be showing halting signs of recovery, but the turnaround hasn’t reached Main Street yet: A pair of recent small business surveys found that most owners are skeptical or downright gloomy about their business prospects this year.
“Something isn’t sitting well with small business owners,” Bill Dunkelberg, chief economist of the National Federation of Independent Business, said in a written statement accompanying the latest edition of his organization’s monthly “Small Business Optimism” report. “Poor sales and uncertainty continue to overwhelm any other good news about the economy.”
Capital expenditures remain near record lows, sales are still weak, and credit lines are hard to find, according to the around 950 business owners NFIB surveyed in March. While job cuts have slowed, few businesses say they plan to hire new workers within the next three months.