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Small Business Report: 5/26

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    Small companies reporting better business conditions

  • Duration 1:28
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Small business may be bouncing back a new survey from Capital One bank shows more small companies reporting better business conditions.

And for the first time since the second quarter reporting eleven more small firms say their financial performance is better than a year earlier.

Many firms also reported that they plan to hire and invest more in fact 15% of firms say they have jobs they can't -- Number of firms reporting improved economic conditions was up eleven points in the first quarter.

Companies reporting that conditions were the same as a year earlier dropped nine points.

Almost half of small businesses included in the Capital One survey said their biggest challenge going forward is getting new customers they're also concerned about cash flow.

Fuel prices and timely customer payment.

While many entrepreneurs are projecting better times ahead some are still wrestling with the federal government's Health Care Reform.

A new report by the Government Accountability Office shows that -- the up to four million small companies eligible for a tax credit to provide health coverage for their workers.

Only a 170000.

-- did so in 2010.

The GAO says only a few small businesses are using the credit quote -- -- how difficult and confusing it is to claim those credits.

Experts also told the GAO that many business owners felt that the credit was just too small to bother -- That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.

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