BANK OF AMERICA

Newsroom

 

Small Business Banking

11/14/17 9:00 am EST

As the year comes to a close, the majority of Los Angeles-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater L.A. area, seven out of 10 L.A. entrepreneurs expect their revenue will increase over the next 12 months (19 percentage points more...

11/14/17 9:00 am EST

As the year comes to a close, a strong majority of Atlanta small business owners are looking at better-than-expected performance on their year-end revenues, and they are projecting five-year growth at a greater rate than their counterparts nationwide.

more...
11/14/17 9:00 am EST

As the year comes to a close, the majority of Boston-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.

more...
11/14/17 9:00 am EST

As 2017 comes to a close, the majority of Chicago-area small business owners expect their year-end revenues to be higher than in 2016, and they are projecting that growth to continue in the year ahead. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater Chicago area, 73 percent of Chicago entrepreneurs are confident that their 2017 year-end revenue will exceed that of 2016. more...

11/14/17 9:00 am EST

As the year comes to a close, the majority of Dallas/Fort Worth-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and North Texas, the majority of local entrepreneurs anticipate a strong finish to 2017, as 86 percent are confident that their year-end more...

11/14/17 9:00 am EST

The majority of Houston-area small business owners anticipate a strong finish to 2017, with 87 percent reporting confidence that their year-end revenue will exceed that of 2016, according to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater Houston area. The survey was conducted in August and September, with half of the responses registered before Hurricane Harvey and half completed more...

11/14/17 9:00 am EST

With 2017 soon coming to a close, Miami small business owners expect higher year-end revenues than in 2016, and more are looking to apply for a loan in 2018. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and the greater Miami area, 87 percent of Miami entrepreneurs are confident their year-end revenues will exceed those of 2016. more...

11/14/17 9:00 am EST

As the year comes to a close, New York City area small business owners expect their 2017 revenue to exceed that of 2016, and they are focused on hiring and securing financing to accommodate growth in the year ahead. According to fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and the greater New York City area, 70 percent of local business owners are confident that their year-end revenue will be higher more...

11/14/17 9:00 am EST

As the year comes to a close, the majority of San Francisco-area small business owners are confident that their year-end revenue will exceed that of 2016, and they are projecting that growth will continue into the year ahead.

more...
11/14/17 9:00 am EST

As the year comes to a close, entrepreneurs in the greater Washington area are expecting strong year-end revenues, and they are projecting that growth to continue in the year ahead. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater Washington area, 82 percent of local entrepreneurs are confident that their 2017 year-end revenue will exceed that of 2016, and 65 percent are more...

11/9/17 9:00 am EST

Bank of America today announced an additional $20 million in funding available through the Tory Burch Foundation Capital Program to connect more women entrepreneurs to affordable loans, administered by community development financial institutions (CDFIs). Since launching in January 2014, more than $30 million in capital has been deployed to more than 1,400 women entrepreneurs, bringing the total capital program commitment to $50 million. more...

11/7/17 9:52 am EST

The core of the U.S. small business sector is solid, with many entrepreneurs expressing confidence that they will generate higher year-end revenues compared to 2016, and that the 2018 economy will improve. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semi-annual survey of 1,000 business owners across the country, nearly three-quarters of entrepreneurs are optimistic their 2017 year-end more...

8/30/17 9:00 am EDT

The rules of business are changing, and women entrepreneurs are at the forefront of the transformation, according to the 2017 Bank of America Women Business Owner Spotlight, an annual study of more than 1,000 small business owners. more...

7/19/17 9:00 am EDT

Bank of America today announced enhancements to its mobile app experience that add on-the-go convenience to small business banking and lending. With the suite of updates, Bank of America small business clients can now apply for a Business Advantage Term Loan or Business Advantage Credit Line from any Bank of America digital platform - including the Bank of America mobile banking app, and bankofamerica.com. more...

5/2/17 9:00 am EDT

Atlanta entrepreneurs are increasingly confident in the future of the national economy, according to the spring 2017 Bank of America Small Business Owner Report. This spring, 55 percent of area business owners believe the national economy will improve over the next 12 months (vs. 46 percent in fall 2016). And, 62 percent are confident that their local economy also will improve—12 percentage points higher than the national average. more...

5/2/17 9:00 am EDT

Boston small business owners’ confidence in the national economy has increased from just six months ago, according to the spring 2017 Bank of America Small Business Owner Report. This spring, 47 percent of Boston-area entrepreneurs are optimistic the national economy will improve in the year ahead, up 7 percentage points from fall 2016. Confidence in the local economy (46 percent) is also in line with national economic optimism, but has remained relatively flat over a six-month period (47 more...

5/2/17 9:00 am EDT

Chicago small business owners’ hiring plans and revenue expectations for the year ahead declined from just six months ago, according to the spring 2017 Bank of America Small Business Owner Report. This spring, 24 percent of local entrepreneurs plan to hire (vs. 33 percent in fall 2016), and 58 percent expect their revenue to increase over the next 12 months (vs. 63 percent in fall 2016). While trending downward from last fall, revenue forecasts for area small business owners are significantly more...

5/2/17 9:00 am EDT

Dallas/Fort Worth small business owners are expressing increased confidence in both the local and national economies compared to fall 2016, and are among the highest of all 10 major markets surveyed, according to the spring 2017 Bank of America Small Business Owner Report. More than half of area entrepreneurs are confident the national economy will improve over the next year, up 16 percentage points from just six months earlier. Confidence in the local economy is also trending upward (69 more...

5/2/17 9:00 am EDT

Houston small business owners’ confidence in the economy has increased significantly from just six months ago, according to the spring 2017 Bank of America Small Business Owner Report. This spring, nearly two-thirds of local entrepreneurs are confident that the national economy will improve over the next 12 months—a staggering 35 percentage-point jump from fall 2016 and the highest of 10 major cities surveyed. This confidence also extended to their local economy, as 74 percent of Houston small more...

5/2/17 9:00 am EDT

Los Angeles small business owners’ revenue expectations and hiring plans for the year ahead experienced a steep decline from just six months ago, according to the spring 2017 Bank of America Small Business Owner Report. This spring, one-quarter of L.A. entrepreneurs plan to hire (vs. 39 percent in fall 2016). And, just under half expect their revenue to increase over the next 12 months (vs. 61 percent in fall 2016)—the lowest percentage of 10 major cities surveyed. more...

5/2/17 9:00 am EDT

Miami small business owners’ confidence in business performance remains high this spring after a robust year end, according to the spring 2017 Bank of America Small Business Owner Report. As the highest of 10 markets surveyed to say 2016 revenues exceeded expectations (34 percent vs. 18 percent nationwide), more than two-thirds of area entrepreneurs expect their revenue to increase over the next 12 months. This optimism is driving action for business plans and investments, as nearly one- more...

5/2/17 9:00 am EDT

New York City small business owners’ optimism about the economy is on the rise, according to the spring 2017 Bank of America Small Business Owner Report, which found that 50 percent are confident the national economy will improve in the next 12 months—a 15 percentage-point increase from fall 2016. Similarly, confidence in the local economy jumped to 46 percent—up 9 percentage points from the fall. Five-year growth outlooks are also on the rise, with 64 percent reporting plans to grow their more...

5/2/17 9:00 am EDT

Bay Area entrepreneurs have the lowest level of confidence in the national economy compared to business owners in 10 markets surveyed, according to the spring 2017 Bank of America Small Business Owner Report. This spring, less than half of Bay Area small business owners believe the national economy will improve over the next 12 months—8 percentage points lower than the national average, and flat from fall 2016 (43 percent). Confidence in the local economy has dropped slightly among Bay Area more...

5/2/17 9:00 am EDT

Small business owners in the Greater Washington, D.C. area are among the most optimistic about business growth compared to their national counterparts, according to the spring 2017 Bank of America Small Business Owner Report. More than two-thirds plan to grow their business over the next five years (vs. 56 percent nationwide), and 65 percent forecast their revenue will increase over the next 12 months, 17 percentage points higher than the national average. more...

4/27/17 9:00 am EDT

U.S. small business owners’ confidence in the economy has increased significantly from just six months ago, according to the spring 2017 Bank of America Small Business Owner Report, which found that economic confidence ranks among the highest levels recorded in the last five years. more...