New Infographic Declares the Current State of Small Business

News provided by

Oct 21, 2014, 09:20 ET

WASHINGTON, Oct. 21, 2014 /PRNewswire-USNewswire/ -- SCORE, – www.score.org - mentors to America's small businesses, has gathered statistics concerning the state of small business in the U.S. including changes in owner sentiment, growth in women-owned businesses, loan approval rates and SCORE's impact.

Optimism on the Rise

SCORE, - www.score.org - mentors to America's small businesses, has gathered statistics concerning the state of small business in the U.S. including changes in owner sentiment, growth in women-owned businesses, loan approval rates and SCORE's impact.

According to data presented visually in the infographic, small business optimism has increased substantially since Q2 2013. This is reflected in the following survey results:

37% say business prospects are excellent
45% say business prospects are good
57% plan geographical expansion during the next year

More than half of respondents plan to increase marketing and social media efforts. A quarter of respondents plan to hire and will hire mostly full time employees.

Women-owned Businesses Growing at a Historic Rate

There are now 9.1 million women-owned businesses, compared to 8.6 million just last year. These enterprises generate a total of $1.4 trillion in revenue. More than 1,200 new businesses are started every day by women.

Loan Approvals Up

Small business loan approvals are up 15% at big banks.

SCORE's Impact

In 2013 alone SCORE assisted entrepreneurs in:

Starting 38,630 new businesses
Growing 40,175 businesses

Download this month's SCORE Infographic to access all the data regarding the current state of small business.

DOWNLOAD HERE: https://www.score.org/resources/infographic-optimistic-outlook

About SCORE
Since 1964, SCORE has helped more than 10 million aspiring entrepreneurs. Each year, SCORE provides small business mentoring, workshops and education to more than 375,000 new and growing small businesses. More than 11,000 business experts volunteer as mentors in over 320 chapters serving local communities with entrepreneur education.

For more information about starting or operating a small business, call 1-800/634-0245 for the SCORE chapter nearest you. Visit SCORE at www.score.org. Connect with SCORE at www.facebook.com/SCOREFans and www.twitter.com/SCOREMentors.

Contact Information
Aliana Marino
800/634-0245
[email protected]

Photo - http://photos.prnewswire.com/prnh/20141020/153200-INFO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-infographic-declares-the-current-state-of-small-business-553550869.html

SOURCE SCORE Association