You're watching...
FBN’s Rich Edson on the factors, such as a lack of consumer spending and rising inflation, weighing on small businesses.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
One fundamental challenge remains small businesses top drag on profits.
Consumers are just not spending.
But a recent survey says the National Federation of Independent Business says optimism among its members -- drop for three straight months.
The group says its numbers show an economy heading toward another recession.
On top of weak sales the group says small business owners primary concerns are inflation taxes and bureaucratic red tape.
Federation's top economist says small businesses are stuck in a difficult -- You're not gonna borrow money to -- -- new employees who can't earn their own keep -- not gonna buy new equipment.
When you can't sell the output you're not gonna buy -- new truck when you have the ability to deliver to.
Though there may be signs of improvement since the height of the recession small businesses have had a tough time finding -- Now -- survey by pain -- says small business borrowing increased at a record pace in May.
The report also says small business loan defaults are at their lowest level in five years' time record set in 2006.
Back in Washington the Federal Reserve board has voted to cut the rate banks charge stores when a customer uses a debit card.
The Fed first proposed -- twelve cent cap purse white.
Car companies complain so the board nearly doubled it to 21 cents a transaction.
Averages now more than forty cents retailers say it's still too much car companies say the fees it can charge -- too low.
As they continue to fight over the few cents in this rule and add up to billions of dollars each year.
That's it for this edition of the small business report rich Edson Fox Business Network.
