Small Business Weekly Outlook

Rob Philion • December 2, 2024


A small business weekly outlook for the week of 12/24

In the first set of data collected after the election, small business owners are bullish about growth and profitability. 


Our weekly survey and analysis of the latest data from leading organizations highlights improved confidence and strong growth expectations for 2025.


Our survey about small businesses also reveals optimism about the economy coupled with inflation worries, ongoing hiring pressures and an upward trend in capital spending.


Meanwhile, the Q3 MetLife & U.S. Chamber of Commerce Small Business Index is out with insights on the economy. And our Impact of Technology on U.S. Small Business report shows how AI is helping small businesses.


This Week's Highlights


  • Small business confidence continues to rise, with 63% of owners believing the economy will improve over the next year, a notable increase of 27 points from October.

  • 92% of small business owners anticipate moderate to significant growth in the next six months, with optimism especially pronounced among immigrant-owned and veteran-owned businesses.


New Small Business Data


Summary: Small business confidence improves after the election with skyrocketing anticipation of higher revenues and profitability.

  • 28% of small business owners say the economy has improved (5 points higher than October) and 28% say the economy has gotten worse (3 points better than October).

  • 63% of small business owners believe the economy will improve in the next 12 months (27 points better than October) and 13% believe the economy will worsen (1 point better than October).

  • 64% of small businesses plan on increasing employees next year (12 points higher than October) and 3% plan on shrinking their workforce (4 points lower than October).

  • 45% of small businesses expect to increase fixed investments in the next year (9 points higher than October).

  • 79% of small businesses expect increased revenues in the next 12 months (13 points higher than October) and *69% believe profitability will improve (16 points higher than October).

  • 51% of small business owners rank “tax policies” as the most likely to impact their business within a list of anticipated policy priorities of the new Administration.

  • 92% of small business owners expect moderate to significant growth in the next 6 months (up ½ a point since last quarter).

  • 97% of immigrant-owned small businesses are forecasting growth (up 2 points).

  • Almost 97% of veteran-owned small businesses are forecasting growth (up 12 points).

  • 58% of small businesses that are family-owned plan on keeping the business in the family.


  • 35% of small business owners are positive about the nation’s economic health (decreased 1 point since last quarter) and 48% are negative about the U.S. economy (1 point more negative).

  • 38% of small business owners are positive about the health of their local economy (decreased 5 points since last quarter) and 34% are negative about their local economy (7 points more negative than last quarter).

  • 56% of small business owners rank inflation as their top concern (1 point higher than last quarter and the 11th consecutive quarter where inflation tops the list).

  • 66% of small businesses are confident in the health of their own business (no change from last quarter) and 68% are comfortable with their current cash flow (5 point decrease from last quarter).

  • 22% of small businesses increased staff over the past year (no change from than last quarter and tied with the highest level reached 2-years ago) and 44% of small businesses anticipate increasing staff in the next 12-months (3 points higher than last quarter).

  • 71% of small business owners are more interested in the upcoming election than 4-years ago.

  • 84% of small business owners feel that partisan gridlock is a serious problem in Washington and 75% believe that political leaders should compromise to get things done (7 points higher than 4-years ago).

  • 88% of small business owners said that it is very important the next Congress does not raise taxes on businesses.


Article written by Thomas M Sullivan for the U.S. Chamber of Commerce. For the full article, please visit the U.S. Chamber of Commerce.

Small Business Weekly Outlook
By Rob Philion October 6, 2025
In case you missed it, today is National Coaches Day. In observance, I'm reposting an article I wrote several years ago on legendary coach John Thompson. Admittedly, those of us from a certain era will recognize more of the names, but the lesson and the story are both timeless. He was quite a guy. To paraphase James Earl Jones, I miss him and those like him....Damn few left . Lessons from a Legend Being a teenager and growing up in the 1980's, John Thompson's Georgetown teams were quite literally larger than life. Growing up on the outskirts of Philadelphia and being a college basketball fan, to me there was nothing better than watching those Big East battles in the early to mid 80's. Patrick Ewing, Ed Pinckney, Sleepy Floyd, Pearl Washington, Charles Smith, Reggie Williams, Chris Mullin, and on and on... And at the glorious center of it all was John Thompson. Invariably either yelling, scowling, laughing, teaching, coaching, or complaining (often in the same sequence), he stalked the sidelines with his gigantic white towel - and usually the win, slung over his shoulder. Despite his intimidating presence however, you didn't have to look too closely to find the appeal of John Thompson. Regardless of what happened on the hardwood, there was always a genuine post game embrace, a nod, and a warm smile for his adversaries lingering on the other side of the court - Especially Lou Carnesecca or Rollie Massimino. I loved seeing that - It endeared him to me, and I'm sure many others. Indeed, although there are many things worth remembering from those years - The introduction of the shirts under the jerseys courtesy of Patrick Ewing, Michael Graham's one and done year of defensive domination, and the discovery that a Hoya is not actually a bulldog - there is one that stands out. The 1982 NCAA Championship game. Thompson's upstart Hoya team was playing Dean Smith's heavily favored North Carolina Tar Heels. With just 17 seconds left, down by one with a chance to win, Georgetown's Freddie Brown picked up his dribble near the top of the key and turned to throw a pass to who he thought was Eric "Sleepy" Floyd, who only a moment earlier had been positioned just to his right. But Floyd wasn't there. In reaction to Brown's fake, he had proceeded down the right side, just outside the lane. Brown's pass drifted fatefully into the arms of a shocked James Worthy, who turned and dribbled out the remaining seconds, sealing not only the championship, but a few legacies as well. What has always stayed with me is not the game winning shot by a very young Michael Jordan just seconds earlier, the lapse of judgement and execution by rock solid team leader Brown, the championship loss, or Georgetown’s 1984 title over Houston's Phi Slamma Jamma team that served as retribution of sorts. What I remember most is Thompson, after the buzzer sounded and ignoring everything around him amidst the on court chaos, walking quietly and quickly to embrace and console his devastated player, who stood head in hands not knowing what to do or how to react to what had just happened. It was in that moment, with his arms tightly wrapped around one of the great unsung heroes of Georgetown basketball lore, that John Thompson showed his true self. In that moment, he showed us all that it really is about more than ourselves and our own achievements - About even more than team or personal goals. It's about each other and about our relationships to one another. A lesson we should all take to heart, especially now.
By Rob Philion August 11, 2025
Why an SBA Express Line of Credit Might Be Your Best Move Need faster access to funds without sacrificing flexibility? The SBA Express Line of Credit combines the low-cost, reliable backing of the SBA with the agility small businesses crave. Here’s what sets it apart: 1. Super-Fast Response Times Unlike traditional loans, the SBA Express generally offers a 72-hour SBA decision on whether to guarantee your line of credit—so you can get going almost immediately. 2. Flexible, Revolving Access It's not a one-and-done loan. You draw only what you need, repay, then borrow again—like a credit card but with lower rates and smarter terms. 3. Competitive SBA Backing SBA guarantees up to 50% of the line, lowering risk for lenders and improving your chances. You benefit without sacrificing speed. 4. Use It for Whatever Keeps You Rolling Need to manage cash flow, cover payroll, buy inventory, or respond to emergencies? It’s your cushion. Just don’t use it for ineligible costs like real estate or debt refinancing. 5. Pay Interest Only on What You Use Unused portion? No interest. You only pay when you draw. 6. Potential Fee Advantage Some lenders waive fees on the Express Line—making it even more cost-effective compared to term loans. What to Watch For Maximum Line Size : Typically up to $350,000—enough for many small business needs, but not every big project. Interest Matters : Rates vary; always compare. Use Restrictions : Strictly business—no personal spending, real estate or investment purchases. Lender Discretion : The SBA sets the rules, but each bank interprets them. Ask specifically about their SLA (Service Level Agreement) and timeline. Renewal Terms : Some lenders may require annual renewal or fee. Why You Should Care If cash flow moves fast in your business, waiting weeks for a term loan can cost you. The SBA Express Line gives you business-grade funding on your terms—quickly, flexibly, and affordably.
By Rob Philion August 8, 2025
Running a hair, nail, or lash salon isn’t just about delivering great service. It’s also about managing the constant challenges that come with owning a small business. From seasonal slowdowns to rising costs, many salon owners face cash flow gaps that can put their business at risk. That’s where working capital from an SBA 7(a) loan can make a difference. Common Problems Salons Face 1. Seasonal Fluctuations Many salons see a spike in revenue during holidays and wedding season, but slower months can strain cash flow. 2. Rising Supply Costs Hair color, nail polish, lash extensions — the cost of professional products keeps climbing, eating into margins. 3. Equipment Upgrades Chairs, dryers, manicure tables, and lash beds eventually need replacing. Without cash on hand, upgrades get delayed. 4. Staffing Challenges Keeping top stylists, nail techs, and lash artists often means offering competitive pay and benefits, which can be tough during slower periods. 5. Marketing & Client Retention Attracting new clients and keeping loyal ones takes consistent marketing — something many salons put off when funds are tight. How SBA 7(a) Working Capital Can Help The SBA 7(a) loan program offers salon owners affordable financing with flexible repayment terms. Working capital from an SBA loan can be used to: Cover payroll during slow months Buy supplies in bulk to save money Upgrade or replace equipment without draining savings Invest in advertising to bring in more clients Fund staff training to improve services and retention Because SBA loans offer longer repayment terms and lower rates than most alternatives, salon owners can manage cash flow without the pressure of short-term, high-interest debt. Bottom line: Whether you run a hair salon, nail spa, or lash lounge, having working capital ready can mean the difference between struggling through slow months or growing year-round. 📞 Contact ComCap today to see how an SBA 7(a) loan can help your salon thrive.
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