Feb 28, 2020
Taxes and maintaining consumer disposable income are top issues for small business owners in the 2020 presidential election
Lehi, Utah — February 29, 2020 — Lendio, the nation’s largest marketplace for small business loans, today released findings from a national study on how small business owners are approaching the 2020 presidential election. The results show that regardless of their political point of view, small business owners agree on many of the issues affecting their ability to do business.
For the purposes of this study, Lendio commissioned an independent research agency to survey 531 verified small business owners around the country. Questions looked into the politics and policies most important to those operating small businesses.
Small business owners are largely aligned on economic issues in spite of their party differences:
Small business owners may be aligned on economic issues, but they’re divided on candidates:
“While party preferences will always remain, it’s no surprise that small business owners find alignment on the things that impact their ability to do business,” said Brock Blake, CEO and founder of Lendio. “With steady, if not increasing revenues, business owners head into this election cycle optimistic and united on the need for economic policies that benefit them. As small businesses continue to thrive, so should the American economy.”
About the study
Lendio commissioned an independent market research firm to survey a random sample of 531 double-screened small business owners. The study’s margin of error is +/-4.25% at the 95% confidence level.
Lendio is the nation’s leading small business finance solution provider. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single application. To date, Lendio has facilitated more than 300,000 small business loans for more than $11.8 billion in total funding, including $9.8 billion in PPP loan approvals as part of government COVID-19 relief. Lendio is a values-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund—provides a microloan to a low-income entrepreneur around the world. More information about Lendio is available at www.lendio.com.
Spencer has spent the last ten years in the throes of all things marketing and communications. In the past, he has written for companies and clients spanning restaurants to SAAS companies, and entertainment guilds to yoga studios. Spencer has a B.S. in Communications from the University of Utah. When not writing or working, he can be found in the mountains on a hike, in a movie theater with a tub of popcorn, or on stage at a local theater.
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