Small-business owners are still cautious, surveys find
May 14, 2014, 12:08 am TWN
NEW YORK--U.S. small-business owners are keeping a cautious approach to running their companies even as they grow more optimistic.
Two surveys released Tuesday, one by Wells Fargo & Co. and the other by Bank of America Corp., found many owners still have conservative hiring plans and little appetite for loans.
Stronger revenue and cash flow are behind the increasing optimism. In the Bank of America spring survey, 68 percent of owners said they expect revenue to increase in the next 12 months. They feel confident about their local economies but have their eye on national and international issues that could affect their businesses.