Small business owners are showing the strength of their resolve by remaining optimistic about the economic future and business conditions.
San Francisco, CA (PRWEB) May 23, 2013
Sunovis Financial assists small business owners on a daily basis with access to capital and keeps an eye on small business issues. Small business owners are expected to remain optimistic despite the austerity measures being put in place by the U.S. government according to the recent Small Business Optimism Index released recently by the National Federation of Independent Business. April marked the highest level for the optimism index in more than six months, indicating that small businesses across America are remaining extremely resilient in these tough economic times.
In a report issued by the NFIB, the index reading was said to have risen to 92.1 for April, the highest level since October 2012.
“While the government cuts back on spending and imposes austerity measures on the public and private sector, small business owners are showing the strength of their resolve by remaining optimistic about the economic future and business conditions. It just goes to show that the American economy can function very well despite difficulties placed on them from government programs,” said Terry Robinson, president of Sunovis Financial.
Much of the gains were the result of increased expectations about the business conditions in the U.S. over the coming six months. The index also showed that small businesses are becoming more optimistic about sales and hiring in the coming year.
U.S. economic growth has been hampered by increased taxes and federal budget cuts that began in March. The moves were agreed to by Congress and the President in an effort to decrease the U.S. budget deficit.
Access to capital through programs like the Sunovis Micro Loans take away some of the negative effects of increased taxes as have lowered gasoline prices and increasing housing prices. Early in the month, the NFIB also reported increased hiring by small businesses, further emphasizing the resurgence of the small business in the U.S. economy.