Small Business Owners Don't Feel Government Support
By Mike Sachoff - Sat, 11/20/2010 - 7:07am.
Small business owners want to get their voice heard
The majority (82%) of small business owners feel that their interests are typically overlooked by the government, according to a new survey by Regus.
More than half (56%) in the U.S. believe banks should be forced to lend more to entrepreneurial ventures and small businesses. Seventy-five percent of U.S. entrepreneurs also stated that government venture capital funds should be available to support entrepreneurs and their business initiatives, indicating that maintaining cash flow continues to be of concern for businesses.
Further, 72 percent of respondents globally and 43 percent in the U.S. declared that legal penalties should be introduced for late payment of invoices.
"In spite of its massive importance to national economy, the small business segment continues to struggle to get its voice heard. In the aftermath of the global downturn, this key sector of the economy has had difficulties securing capital and maintaining cash flow,” said Sande Golgart, regional vice president for Regus.
"Although less extensively than in other geographies studied, in the U.S. small and medium enterprises are eager for government intervention to make credit more accessible. Recent reports confirm that 59 percent of small businesses in the U.S. find credit unavailable, with half having actually been declined. It is easy to conclude that lack of access to credit is at least one reason entrepreneurs in the U.S. are struggling behind many of their peers globally."
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