In a survey performed during the fourth quarter for Wells Fargo & Co. (WFC) by Gallup, it found that small-business owners are the most optimistic they've been in four years.
The senior analyst at the San Francisco bank, Scott Anderson said, "While many economists are forecasting a weaker economic environment for 2007, small business owners are, according to the results, expressing no signs of an economic downturn.
"These optimistic findings indicate expectations for a rebound in activity this year, as the forces that have been inhibiting growth prospects -- such as rising energy prices and interest rates, and stagnant wage growth -- reverse course."
The quarterly survey sponsored by Wells Fargo is based upon responses of 600 small-business owners. The company said that they are also seeing reflections of that optimism being expressed in the growing demand for loans and other services offered by the bank.
They said that lending for small-business grew by over 30 percent year over year.
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