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Hey welcome back -- -- a minute he had this is business our foxnews.com live give us a follow on Twitter at.
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We are joined right now -- Kate Rogers give a Twitter handle.
Yes we have one for the small business days -- -- small -- CIC.
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OK so we're talking today about a new report that you looked at from the National Federation of Independent Businesses that shows that the housing market.
This awful housing market although we are seeing signs of getting better -- is really an overhang for small businesses out there.
Yes it's definitely hindering their ability to secure a -- to access capital had a network explain that currently sell it and a Chinese.
Study it's called small business credit access and lingering recession trailer I says -- all these small business is about 92% of them own some kind of property -- real -- whether it's their own house.
Or actual business getting.
And that they used to be able to put up their house or that real estate for collateral in their primary these loans but now because of the housing crisis they really got hit hard.
And I'm William Dennis who is an NFIB senior research fellow he basically said.
That this housing prices just wreaked Havoc on their bottom line so they're not able to access capital anymore okay.
We got that and we know it's fat cats is getting better.
While they're saying aside from his access -- capital issue huge political and economic uncertainty a higher.
Major issues for not only the lending institutions but also these small businesses so if they are ready to borrow which.
About 57% of them did apply for loans this year and they want to expand that I have a -- -- -- -- -- -- sort of an investment -- -- -- And lending actually stayed flat meaning that none of them got loans so -- 57% applied for loan and that's up almost 10% from 2010.
But lending stayed flat so none of them not -- -- -- -- and -- -- banks say about -- -- banks interestingly enough they think that the lending environment stayed the -- they don't feel -- they've tightened restrictions at all and small business owners in this survey said that they -- of course it's getting tighter and when I able to access the capital that we want.
Another interesting thing is that.
Of applications for actual lines of credit tripled in the past year there.
And they they went -- I think about 13 this that he found and they.
There's so they're looking at -- these different kind of investments in their -- -- there they're going for these lines of credit meaning that they're going to.
Median vastly smaller projects with their business -- smaller expansions but they're not going for a full out Levy.
You know new new store openings in the -- as -- in the past do you think we're seeing some of the small businesses want to reach out and expand.
Some out of -- 'cause there is that while there is no certainty out there right now before the election nation get an end yeah -- that's another thing man -- Dennison.
-- he was saying that affiliate -- leading announced the election at this point nothing gonna get them share.
You wanna be real media that is how some of them feel but nobody is really feeling secure now and just leading up to -- action.
Things aren't really looking any better for themselves so they're not -- yeah.
Well -- isn't really means.
In any little gains little -- ads not -- Frustrated small businesses are the backbone data directly US economy -- handing you this access to capital and they're just not go and it but the main reason they need access to capital is so that they can create.
Yes so we need them -- him sending an email exactly we need real seats make it come back and hopefully -- get the economy back on track but yeah.
And spending when you think about the recession overall this is the only recession in modern history that has not been accompanied by -- resurgence in the job market and we're trying to fix and one of the ways to fix the job market -- the housing market they are -- tied together they are each new home creates about three jobs and you're not gonna.
Can't buy a home with you don't have a job exactly another interest in and we seem small businesses coming out -- -- just it's hard to wrap your head and so many small business is.
Eight to the construction industry is made up of small businesses tons and tons of small businesses actually.
-- jobs not only.
Because of the economy that because housing is really not make me come back that.
They hope -- is -- I think there's not 800000.
Can smoke small business construction firms and about.
-- 100000 of them were lost just in the past year because the -- huge number especially for small business so.
Some 6000 mark yes Obama administration or -- in office management.
I think we're gonna find well time but I don't small business center on foxbusiness.com.
Okay check it out it's up.