Brooklyn, NYC small businesspeople still struggling, bank survey finds
A survey of small businesspeople throughout the five boroughs by TD Bank finds that a large number of them still find the economy challenging and still need to take out loans.
Still, around half of them feel that this year will be better than the previous year. And while many are concerned about the impact of the Affordable Care Act, only a minority feel that it will necessarily have a negative impact.
In addition, many of the city’s small businesses are small indeed. Approximately 36 percent of small business owners surveyed report revenue of $100,000 or less, and 57 percent of those owners are sole proprietors.