Small Businesses Have Less Debt
Good news comes from a recent Gallup poll that reports small businesses now have less debt.
The Gallup poll took information from 600 small businesses. According to the survey one-third of the small businesses that borrowed money in the past three years now have less debt. Also, the optimism of the small businesses surveyed is higher than it has been in four years.
Unfortunately the debt problem is not completely resolved. Almost half of small businesses reported that it is hard to pay down their debt and one-third said they consider their debt a burden.
Debt is a serious issue for many small businesses. Fortunately recent data shows that many small businesses report having less debt than they have in years. Don’t miss valuable information on BIZ TV’s programs about how to keep your business out of debt!