2011 Small Business Economic Outlook Survey Results

The PNC Economic Outlook Survey was conducted between July 29 and August 25, 2010 by telephone within the U.S. among 1200 business owners or senior executives of small and medium-sized businesses with annual revenues of $100,000 to $250 million.

Some of the results were printed in Nov/Dec 10 edition of The Secured Lender magazine. The A/R funding specialists at PRN Funding, LLC wanted to share some of the survey’s interesting findings:

  • 75% of small business owners foresee greater access to financing in 2011, though they do not anticipate applying for it.
  • 42% expect their sales to increase in 2011
  • 31% expect profits to rise in 2011
  • One-third of small business owners say weak sales/demand for service is the most important challenge facing their company today. Followed by a general concern for “changes in government policy that affect my business.”

Check out page 15 of The Secured Lender to read the rest of the survey’s results.