US small businesses optimistic for Trump presidency

By Ryan Weeks on Tuesday 6 December 2016

Alternative Lending

New survey confirms SMBs feeling chipper about inbound president Donald Trump and his business acumen.

A survey of 1,000 small business owners in the US by alternative lender Capify has revealed a general sense of optimism about president elect Donald Trump. 45.96 per cent of respondents to the survey said that a Trump presidency would help their business greatly, with a further 15.49 per cent anticipating slight benefits. Just 16.95 per cent said that it would damage their business.

Business owners seem heartened by Mr. Trump’s experience as a businessman. 66.56 per cent said that his business experience would help the SMB community in the US, while only 17.31 per cent said that it would be a hindrance. These results may surprise some, given the Trump Organization’s well-documented history of leaving small business service providers in the lurch.

Capify itself will no doubt be encouraged by the general air of positivity within the small business community in the US. Originally operating in the US under the brand name AmeriMerchant, Capify now operates across the US, UK, Canada, and Australia, and brought all of its various lending brands under the Capify banner in July of last year. The firm is a leader in the field of merchant cash advance, which involves small business borrowers making regular repayments as a pre-determined proportion of recurring revenue.

The small businesses surveyed by Capify were more mixed on the prospects of a GOP majority government than they were on Mr. Trump himself. 30.62 per cent said that it would have no impact on their ability to get funding, while 28.99 per cent think that it will greatly expand their options.

With an uncertain year ahead, 45.12 per cent of respondents to the survey said that their greatest priority for the next 12 months was to acquire more customers.

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.