Businesses ‘Mildly Optimistic’ About Credit Availability

Results of the CBIA/Farmington Bank 3rd Quarter Economic and Credit Availability Survey are in, and there’s a sense of mild optimism regarding local credit availability. The business outlook and workforce projections for the next three months are mostly stable, with more firms anticipating growth than decline. The majority of Connecticut businesses seeking financing in the last three months are tapping credit in four primary areas.
See what types of financing your industry peers are using, where they’re investing those dollars, and how many are exporting their goods or services. Don Klepper-Smith, chief economist and director of research at DataCore Partners, explains.