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Fraudulent calling attempts are on the rise. Scammers are posing as WSFS Associates – using fake caller IDs and personal details to gain your trust. NEVER share your account passwords or verification codes on unsolicited calls. Verify the call by hanging up and notifying us directly at 888.973.7226 7am‑7pm ET (M‑F) and 9am‑3pm ET (on weekends).

Business

Small Businesses Confident in Their Future, Ability to Get a Loan

WSFS Contributor
WSFS Contributor
November 17, 2022
3 min read
Two Small Business owners collaborating at work.
Topics: SBA LendingSmall Business Lending

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.

  • SBA Lending

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  • Small Business Borrowing

    WSFS has been helping small businesses in the region for nearly 200 years.

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Disclosures

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.