MINNEAPOLIS--(BUSINESS WIRE)--During the second quarter of 2015, small businesses ($100K-<$10MM) and middle market companies ($10MM-<$500MM) grew increasingly optimistic about the future. Furthermore, there was increased demand for additional credit among the small business market. Barlow Research’s second quarter 2015 Economic Pulse Survey explores business confidence, credit appetite and five-year expectations.
“Increased demand for additional credit and optimistic future outlooks suggests that many small businesses may be expecting growth,” said Ray Johns, Managing Partner, Barlow Research.
Appetite for additional credit has increased in the small business market, and more specifically, the micro business segment ($100K-<$500K). Conversely, appetite for additional credit has decreased in the middle market to the lowest level since 2010. Much of the decrease in middle market credit appetite can be explained by the increased percentage of middle market companies that do not borrow/have no need for additional credit.
Below are some important results from the second quarter 2015 Economic Pulse report:
- Expectations regarding profits and full-time employment increased among small businesses and middle market companies.
- Ten percent of small businesses that applies for additional credit were denied.
- The percentage of small businesses that expect modest growth in the next five years has increased 12% since 2012.
About Barlow Research Associates, Inc.:
Barlow Research Associates, Inc., founded in 1980, provides research and consulting services to the banking industry in the U.S. and overseas with specialties in custom research, strategic consulting and syndicated research programs for small business, middle market and digital banking.
For more information on the study, contact Bernie Kuechler, Director of Data Analytics at email@example.com or 763-253-1830.