Survey: More Small Businesses Considering Online Lending
Jan 8, 2021 | Reprints | Print
With economic uncertainty as their top challenge, more than half of small businesses would consider taking an online loan if they need capital this year, according to a new survey from JPMorgan Chase.
But despite economic challenges created by the pandemic, most small and midsize businesses expressed optimism about their performance in the year ahead, according to the annual JPMorgan Chase Business Leaders Outlook released this week. The survey found that 77 percent of midsize businesses and 63 percent of small businesses remain optimistic about their own performance in 2021.
The survey included responses from 2,100 business leaders from various U.S. businesses. It was conducted online from Nov. 11 to Nov. 24 for small businesses with annual revenues between $100,000 and $20 million and from Nov. 13 to Dec. 1 for middle market companies with annual revenues between $20 million and $500 million.