Business Pulse Q1 2020

Live Oak BusinessPulse Q1 2020

Highlights include:

  • Recession expectations have extended. Most companies do not expect a recession within the next two years. The year prior, survey respondents believed there would be a recession sooner.
  • Confidence has improved. Both small and middle market companies expect their overall financial condition to improve over the next 12 months.
  • It’s a good time to apply for financing. Of those surveyed, nine in ten small businesses that applied for additional credit received full approval.

Discover all the Q1 BusinessPulse findings by downloading the full report below.

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Our Take on the Quarter
Live Oak President Huntley Garriott and Chief Credit Officer Steve Smits discuss the top highlights from the quarter and provide commentary on how they impact small businesses.