GO
Loading...

Small-business owners still cautious, banking surveys find

Small-business owners are keeping a cautious approach to running their companies even as they grow more optimistic.

Read More Minorities: The force fueling small-business growth

Surveys released Tuesday by Wells Fargo and Bank of America found many owners still have conservative hiring plans and little appetite for loans.

MachineHeadz | E+ | Getty Images

Stronger revenue and cash flow are behind the optimism. In the Bank of America survey, 68 percent of owners said they expect revenue to increase in the next 12 months.

Wells Fargo's second-quarter Small Business Index is up to 47 from the first quarter's 45, its highest level since before the 2008 financial meltdown.

Read MoreMore businesses exporting 'Made in USA' again

Both surveys found owners willing to hire. But Robb Hilson, Bank of America's head of small business banking, says owners aren't likely to hire at the explosive pace of a decade ago.

By The Associated Press

Small Business

Latest Special Reports

  • Advisors say it's time to get serious about year-end financial plans, like taxes and portfolio re-balancing.

  • With the world becoming more interconnected, it’s getting harder to anticipate and manage global risks. We take a look at some of the biggest risks and ways to mitigate them.

  • From family-run companies to public companies with family ownership, we tackle challenges and rewards facing family businesses.