Small businesses report experiencing modest yet stable improvement financially, according to the 2012 Small Business Barometer conducted by Capital One.
In fact, 44 percent of respondents say they are in better financial positions than just one year ago, and 37 percent of respondents plan to hire in the next six months, marking a two-year high. Of the respondents, 16 percent say they have positions they are unable to fill, which is one point higher from the previous quarter.
"This quarter's survey results suggest that business is generally holding steady for small businesses. The current economic environment and overall business performance continue to hold their own or improve, and while hiring is far short of pre-recession levels, we're seeing small businesses making plans to hire new employees in numbers that are among the highest we've seen in the past two years," says Jon Witter, president of retail and direct banking at Capital One.
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