Business Confidence Holds Steady as Borrowing Costs Rise

By Don McClain | Founder & Principal, Medro Advisors

NFIB’s November 10 report shows October small-business optimism nearly unchanged at 97.8. A net 13% of surveyed owners reported paying a higher interest rate on their most recent loan, up five percentage points from September. Respondents were drawn from NFIB’s membership.

For owners considering expansion, an acquisition or refinancing, confidence should be backed by a current cash-flow forecast. Reconcile existing debt, document the use of funds and test whether repayment remains manageable if costs rise or revenue arrives late.

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