According to the latest survey by UBS Group AG, a multinational investment bank and financial services company, the trade war with China won’t leave business’ growth unaffected. Are you searching for alternative small business loans? No worries. This article will tell you more about the issue and will help you get easily approved for alternative small business loans.
Alternative Small Business Loans to Overcome the Trade War
Business owners are now more cautious about the economy moving forward. On the other hand, they’re looking forward to seeing how the issue of the trade war will get resolved.
Since June 2019, the percent of businesses planning to hire more staff has dropped from 46% to 25%. Companies making plans concerning investments have dropped from 36% to 24%, as the September poll reveals.
Based on the most recent survey, 67% of UBS business owners think the trade is harming the U.S. and the global economy. According to 24% of the business owners surveyed, it’s harmed their business as well.
The survey results suggest that if the trade tensions continue, the health of the labor market will lost its strength. In fact, job growth didn’t meet the expectations in August. Only 13% of business owners expressed willingness to hire more staff if the existing current trade concerns continue to be present during the upcoming 6 months as well.
The mentioned survey for the latest release in the UBS Investor Watch Pulse series was conducted among 500 business owners who generated at least $250k in annual revenue. Besides, they had at least 1 employee, apart from themselves.
What about you? Are you struggling because of the trade war? Do you need quick and hassle-free access to working capital that can help you overcome the current challenges? Business funding such as alternative small business loans can’t be an issue if you turn to a reputable alternative online lender that specializes in your field.
With a true business financing provider, you can be sure the get approved for the most secure, easy-to-obtain and cheapest funding solutions.
U.S. Small Business vs. Trade War
Small businesses in the U.S. go on facing growing costs because of the trade war with China. The conflict doesn’t seem to be dragging to its end. Based on academic studies, new U.S. tariffs on washing machines and other products have made U.S. consumer prices of those goods go higher, thus cutting into Americans’ real incomes.
The Commerce Department has recently reported that Q1 FDI inflows for 2019 fell by 5% from as compared to the previous quarter. The Conference on Trade and Development by the United Nations reveals that last year America’s share of global FDI flows decreased for the 1st time since 2008, thus making up 23% from 25%.
To sum up, with the trade war still being a hot-button topic between Washington D.C. and Beijing, nothing is clear about the future of the conflict. It’s vivid that the trade war is causing serious harm to U.S. small businesses and startups. U.S. business owners have decided to avoid hiring and investing if the conflict is still alive.
Author Bio: As the FAM account executive, Michael Hollis has funded millions by using alternative small business loans solutions. His experience and extensive knowledge of the industry has made him finance expert at First American Merchant.