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Some respondents reported that they wanted to expand, but did not have the capital to do so. One participant in the survey said: "Companies are spending money again, but credit is still an issue."
In the latest National Federation of Independent Business Index of Small Business Optimism, which lost points in June, credit for small businesses was still tight. "Regular NFIB borrowers," or 29 percent accessing capital markets at least once a quarter, said they were seeing difficulties in arranging credit. A net 13 percent of borrowers reported loans were harder to get than in their last attempt. (See that monthly report from the NFIB here.)