National Federation of Independent Business

“This has been a challenging year for small businesses and the government has relied upon the Small Business Administration to facilitate financial assistance to Main Street more than ever before. We welcome Isabel Guzman, the nominee to lead the SBA, as she knows the needs of small businesses well. Her record with our members in California demonstrates she has extensive knowledge of the SBA and lending issues. We look forward to the confirmation hearings and subsequently working with her on issues that are crucial to America’s small businesses.”

The NFIB Small Business Optimism Index declined 5.5 points in December to 95.9, falling below the average Index value since 1973 of 98. Nine of the 10 Index components declined and only one improved. Owners expecting better business conditions over the next six months declined 24 points to a net negative 16%.