Small businesses across the United States are feeling uncertain about the economic future as attention heightens for the upcoming 2024 Presidential Election.
MIAMI, May 21, 2024 /PRNewswire/ — FundKite, a prominent fintech funding platform that has reviewed over 200,000 small business applications nationwide, has published the FundKite 2024 SMB Election Year Sentiment Report.
The report offers valuable insights into the sentiments of small business owners nationwide, examining their perspectives on the economy, the primary challenges affecting their businesses leading up to the 2024 US Election, and how the election’s outcome could influence their future growth strategies.
Key discoveries from the survey of numerous small business owners include:
– A majority (77%) of small business owners express doubts that inflation pressures will ease by the conclusion of 2024.
– More than half (68%) of small business owners feel the current administration is not adequately supporting their business requirements.
– 65% of small business owners believe that the Trump Administration would be most advantageous for their businesses.
– 43% of small business owners are uncertain whether the US will face a recession by the end of 2024.
– Small business owners emphasize that the next administration should concentrate on lowering interest rates (61%), enhancing access to funding for small business owners (58%), and implementing tax reforms (58%).
Alex Shvarts, CEO of FundKite, stated, “Small businesses are vital to our nation, and they require assistance to continue prospering. It is apparent that entrepreneurs throughout America remain apprehensive about inflation and the future. Small business owners are closely monitoring the 2024 Presidential Election, seeking clarity and stability before making significant investments. Regardless of the election’s outcome, it is evident that small business owners necessitate support from Washington.”
To access The FundKite 2024 SMB Election Year Sentiment Report, kindly visit here.
About FundKite:
FundKite is an emerging fintech company that is revolutionizing the financing industry with a distinctive approach. By offering tailored financial solutions for businesses of all sizes, from local establishments to global corporations, FundKite aims to meet their specific financial needs. Positioned as one of the fastest-growing entities in the small business funding sector, FundKite provides up to $2,000,000 in working capital to eligible businesses.
For more information, visit www.fundkite.com.
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SOURCE FundKite
