November 14, 2017, 9:00 am EST
Miami Entrepreneurs Confident on Year-End Revenue, Have Higher Expectations for Growth and Hiring Than National Counterparts
With 2017 soon coming to a close, Miami small business owners expect higher year-end revenues than in 2016, and more are looking to apply for a loan in 2018. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and the greater Miami area, 87 percent of Miami entrepreneurs are confident their year-end revenues will exceed those of 2016. This confidence coincides with Miami business owners’ intentions to seek capital, with 22 percent of area entrepreneurs planning to apply for a loan in the year ahead — the highest among business owners surveyed in 10 major cities, and 14 percentage points higher than the national average.
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