Knowledge Center
Small Businesses Confident in Their Future, Ability to Get a Loan
running-a-business | Read Time: 3 minutes
By Eric Springer | Published: November 2022
WSFS Bank’s annual 2022 Small Business Trends study found that small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs.
The study, which surveyed 500 Mid-Atlantic small businesses, measured owner/operators’ outlook on the economy, the impact of inflation and other stressors on their businesses, and their banking relationships and lending needs.
Check out the infographic below to learn more about the study’s key findings.
The study was conducted by OnePoll on behalf of WSFS Bank. The sample included 500 senior managers and above at Mid-Atlantic region small businesses (annual revenues of up to $5 million and minimum two employees) in New Jersey, Delaware, Pennsylvania (east of Harrisburg), Maryland and Virginia. Respondents were surveyed from September 23 – November 1, 2022, with a margin of error of +/- 4.47 percent.
About the Author – Eric Springer
Eric Springer is Vice President, Integrated Communications Manager at WSFS Bank. He brings nearly 20 years of experience in corporate communications and marketing for banking, professional services and nonprofit organizations.
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