Balboa Capital released the results of its Q4/17 survey that was conducted to gauge business owner optimism. The survey results reveal that business owners are confident that the economy and their companies will perform well during the final months of the year. Seventy-seven percent of SBOs expect the nation’s economy to experience growth in Q4/17, a 17 point increase from Q4/16. The survey was sent to a sample of small business owners in a variety of industries nationwide in October 2017.
Key Findings of Balboa Capital’s Q4/17 Small Business Owner Survey:
“As the year comes to a close, the positive economic sentiment expressed by business owners is influencing their investment decisions,” said Carla Freberg, vendor services manager at Balboa Capital. “Close to half of the small business owners we surveyed are planning to increase their spending in the fourth quarter. This is consistent with what our company is seeing, as many business owners are actively seeking growth capital for things like equipment, technology, and vehicles.”
Freberg also stated that business owners are preparing for the cutoff date of the Section 179 tax deduction by securing funding to lease all types of business equipment that are eligible for this incentive.
“Business owners have until December 31, 2017 to take advantage of Section 179, and our ability to provide them with fast, dependable funding will help them meet this deadline,” she said.
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