Polling over 400 small business owners across the United States, a recent survey conducted by CAN Capital reveals that most respondents are optimistic about their businesses' future. According to the findings, 79% of those surveyed expressed at least some confidence in their business's prospects, with 54% feeling very confident.
The survey also indicates that 74% of these businesses are currently either fully or partially operational. Among those partially open, 68% anticipate being fully operational within two months. Notably, 37% of respondents reported not having laid off any employees during the crisis, and 36% plan to rehire all employees who were let go.
Despite this optimism, there is concern about access to working capital post-crisis. The data shows that 81% of small business owners believe obtaining capital will become more challenging. Nevertheless, a significant majority—82%—intend to invest in their businesses within nine months, with 44% planning immediate investments.
"The overwhelmingly positive sentiment displayed by these business owners was a bit surprising but extremely encouraging," stated Russell Walraven, Vice President of Marketing at CAN Capital. "The confidence in the future of their business shows just how resilient and dedicated these business owners are to weathering this unprecedented storm."
CAN Capital has been a leader in alternative small business finance since its founding in 1998. The company has facilitated access to over $7.5 billion through more than 200,000 transactions across various locations and industries. Utilizing technology-driven financial services and proprietary risk models, CAN Capital aims to provide entrepreneurs with quick and efficient access to capital.
For further information or inquiries, Russell Walraven can be contacted at rwalraven@cancapital.com or via phone at 678-986-6748.