Small Business Confidence Falls Again in July

58% of Small Business Owners Say Economy is bad, 57% Expect it even worse

RECESSION RETURN: 75% Small Business Owners Think of a recession is likely before complete recovery

Take it out of pocket: Record-High 73% less home

Riverwoods, Ill. (LoanSafe.org) - Small businesses' confidence in the economy fell for the second month in July, when a higher percentage of small business owners rated the current economic situation as bad and see it only getting worse, according to the Discover ® Small Business WatchSM. The index fell to 83 in July from 86.1 in June. It has been less than 83 only once since the beginning of the year.

In July, 58 percent of small businesses rated the economy as poor, up from 51 percent in June, while 7 percent rated the economy as excellent or good, compared to 12 percent in June.

"Even though cash flow issues eased off in July, small businesses are still not feel any positive effects from nothing going on in the wider economy," said Ryan Scully, director of Discover's business card, the monthly commissions research. "They will come back operation of their economic enthusiasm, until solid evidence can improve their bottom lines."

Although it is not part of the confidence index calculation, one other question in July showed that 75 percent believe the small business, it is likely or very likely that the economy believe in a recession, before slipping again full, with 15 percent, another recession is not very likely and 10 percent do not feel safe.

Other indicators of confidence in July:

• 57 percent of small businesses said the economy is getting worse, from 51 percent in June, 27 percent think the economy is getting better, 14 percent think it is the same and 3 percent are not sure.
• 45 percent of small businesses reporting poor economic conditions for their businesses were in July, were better compared with 43 percent in June, while 30 percent of respondents said conditions, 22 percent reported conditions were the same and 3 percent were not sure.
• In July, a temporary cash flow issues decreased than 49 percent of small businesses reported that their companies do not occur causing temporary cash-flow problems that they pay to get on some bills in the past 90 days, from 45 percent in June, 47 percent have encounter cash flow issues, down from 51 percent the previous month.
• 28 percent of small businesses are reported to increase spending on business development in the next six months, compared with 25 percent in June and since September 2008.
Small businesses have higher Disapproval ratings for Obama, Congress

FEMA: SBA Disaster Loan Program Is Key To Storm Recovery

Lexington, KY (LoanSafe.org) - For many Kentuckians recovering after a storm in July, flooding and mudslides, completed disaster loan application process is necessary.

Funds to repair or replace flood damaged property, real and personal property (including automobiles) may be in the form of low-interest disaster loans from America Small Business Administration (SBA) has come.

SBA loan application to complete vital component for some federal disaster assistance from Emergency Management Agency (FEMA) has been considered. Owners who rent houses and to receive SBA loan applications are encouraged to complete and return them to the FEMA assistance that covers personal property, vehicle repair or replacement and transportation and storage costs are considered to be .

Register with FEMA, the first step in seeking federal disaster aid. This can be done online www.DisasterAssistance.gov or by calling 800 - 621 - FEMA (3362) or (TTY) 800-462-7585 for those with speech and hearing disabilities. Assistance is also available at registration centers, disaster recovery.

Homeowners, rental, business and nonprofit organizations of any size Pike in the city can apply for SBA loans to pay for accident damage. People with home based business or rental property have been damaged by the storm may also be eligible for loans SBA.

Homeowners can borrow to pay 200,000 dollars to repair or replace the primary residence is. Homeowners can borrow or rent to $ 40,000 personal property lost in the disaster to replace.

Business owners can borrow up to 2 million dollars to repair or replace disaster damaged real estate and real, machinery and equipment, inventory and assets other business. SBA small business owners as well as economic injury disaster loans for business expenses from continuing economic impact of natural disasters recover. Economic injury loans are available, even if businesses were damaged