Independent Business Faces Inflation and Recession Pressures
The NFIB year end survey shows 1970's cost pressures hit independent firms hard. Inflation, higher taxes, and tighter credit squeeze profits, while most independents hold payrolls steady despite a 60 percent job share in private employment.
MENTIONED IN THIS ARTICLE
National Federation of Independent Business
Washington
Cincinnati
NFIB
Wisconsin
Federation
Ohio
Midwest
West
Small Business Funding Faces Shortfall and High Rates
The article notes high demand with many loan denials as banks favor larger customers or charged high rates. SBA exhausted its lending capacity by November, prompting calls for more bank cooperation and possible new direct loans if Congress funds. A tax reform bill seeks simplification for small firms.
MENTIONED IN THIS ARTICLE
New Jersey
Nebraska
California
Illinois
Small Business Administration
President's Council of Economic Advisers
SBA
Congress
Alan Bible
Nevada
Quentin Burdick
North Dakota
Senate
Small Business Committee
Federation
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