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-- since -- thanks so much.
Small business lending jumped 12% in made from a month earlier.
This was the largest increase in three years actually according to latest data from -- -- my next guest runs a payroll processing company.
And has his finger on the pulse of small businesses -- what does he think.
Has -- -- for small businesses improved.
Joining me now is rob base so advantage -- -- services owner and author V every day entrepreneur -- so let's -- senator.
How how is the small businessman or woman feeling right now any better.
Well I think compared to last year were only modestly better and I think the passing of the Affordable Care Act that it's a certainty is going to be happening in 2014.
Gives small business owners a little solace I think there's -- a lot of people are still quite well at all depends who gets elected we're not sure Obama's gonna be back in office and I just that's not certain well it's certainly enough that it's going to be law if it continues -- Romney doesn't -- become president the reality is.
-- least it's some positive.
That this does issue where an individual can make a positive decision within the business previously they had no idea even when 2014 comes around.
I think there's going to be a challenge because it is such a vast -- such a vast -- affects every piece of our economy I think it's still challenging.
We were talking up that small business lending number but that's still doesn't seem like a big number two -- also look at the thirty billion dollars for the government -- and made available through his small business lending fund.
Almost none of that went out the -- I think it was just 13%.
Why -- businesses not borrowing while.
It's simply for lack of demand.
If you have a product or service for sale.
The only reason you're gonna need capital is because you need you have yet to produce more product or service to more customers the reality is they're not out there right now.
I service over two and a half thousand small and medium size businesses and I speak to them are frequent basis.
They're telling me that there's not enough demand for their product and if there's not enough demand and we shifted to a savings economy Scott -- just this survey and they said that.
50% of Americans are saving more.
That's before 2009 and if if people are gonna get -- spend is going to be a problem for small business.
Saving more -- they learned their lesson about being overextended and what that means when things turn bad.
But you're saying -- small businesses so they need demand they don't have demand so they're not borrowing are also not hiring I would imagine.
Now they're not hiring and if you look at my client base year over year last year -- this year.
It's only one employee on average higher than it was the previous year which is not a really dramatic change my average customer has about sixteen and seventeen employees.
This SBA says that small businesses are under 500 employees the reality is most Americans that run small businesses are under fifty employees.
Down so what what turns the whole thing around -- -- -- said more demand but that's so sort of well that's it is digging its and is -- incredibly nebulous and I personally don't think that the federal government.
Has much say order matter what policies.
Aren't sitting here looking at the oil prices overseas are not looking at some of these bigger factors that we talked about and they're -- trying to keep their doors open.
Yeah all right -- -- we'll check your book thanks so much.
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