A recent survey finds that most small businesses are feeling optimistic about growth in 2024 and their ability to expand over the next 12 months.
The new report from OnDeck and Ocrolus combines small business survey results with cash flow data from companies to provide deeper insights into the overall health of small businesses.
The report is based on responses from nearly 500 small businesses with working capital loans and over 3 million small business applications for working capital financing during the past 18 months.
According to the survey, 92% of small businesses say they’re hopeful and expect moderate or significant growth in 2024.
Growth expectations are generally consistent across the country, with 25% of businesses expecting significant growth over the next 12 months as inflation cools. Read more.