NEW YORK, Sept. 13, 2019 /PRNewswire/ -- OnDeck®
(NYSE: ONDK), the leader in online lending to small business, today
announced the results of a national survey of U.S. small business
owners that finds economic issues are the most important factors in
determining their choice for president in 2020. The survey is
the first in a series that OnDeck plans in order to gauge small
business sentiment during the 2020 election season.
Among the economic issues driving presidential election decision
making for many small business owners were the health of the U.S.
economy, the climate for small business growth and tax policy. The
OnDeck survey included small business owners from all 50 states and
a diverse set of industries. Respondents were roughly split evenly
between male and female business owners.
Key Findings from the OnDeck Small Business Survey:
- Economic concerns arise in several dimensions, including tax
policy, job growth, support for small businesses, government
spending and the overall economic climate. These issues were cited
as the top concerns of more than 33% of those surveyed;
- Immigration was an issue of interest for 11.3% of small
business owners surveyed, ranking second behind the economy as a
concern.
- 57% of small businesses surveyed said they were either "Very
Optimistic" or "Somewhat Optimistic" about the economic outlook for
their businesses;
- 93% of those surveyed said they plan to vote in the 2020
election.
- 60% of small business owners surveyed said they already know
who they plan to vote for in the 2020 presidential election.
Presidential Candidate Preference of U.S. Small Business
Owners:
President Donald Trump was the
choice of 37% of small businesses surveyed, followed by
Joe Biden at 18%. When
combined, the top five Democratic candidates were the preference of
44% of respondents.
Republican Candidates
- President Donald Trump –
37%
Democratic Candidates – Top 5
- Joe Biden – 18%
- Bernie Sanders – 8%
- Elizabeth Warren – 8%
- Kamala Harris – 6%
- Pete Buttigieg – 4%
"The survey results make it clear that U.S. small business
owners will have a significant voice in determining the outcome of
the 2020 presidential election," said Andrea Gellert, Chief Revenue Officer, OnDeck.
"Most notably, their focus on 'Main Street' issues like taxes and
business growth reminds all candidates that they should address the
concerns of the men and women who make our economy run."
Survey Methodology
The OnDeck survey of 700
small business owners was conducted from August 5 to August 9, 2019 and included small
businesses in all 50 states and from a diverse set of industries.
The margin of error was 3.1 percent.
About OnDeck
OnDeck (NYSE: ONDK) is the proven
leader in transparent and responsible online lending to small
business. Founded in 2006, the company pioneered the use of
data analytics and digital technology to make real-time lending
decisions and deliver capital rapidly to small businesses
online. Today, OnDeck offers a wide range of term loans and
lines of credit customized for the needs of small business
owners. The company also offers bank clients a comprehensive
technology and services platform that facilitates online lending to
small business customers through ODX, a wholly-owned subsidiary.
OnDeck has provided over $12 billion
in loans to customers in 700 different industries across
the United States, Canada and Australia. The company has an A+ rating with
the Better Business Bureau and is rated 5 stars by Trustpilot. For
more information, visit www.ondeck.com.
Media Contact:
Jim
Larkin
OnDeck
jlarkin@ondeck.com
P: 203-526-7457
Investor Contact:
Stephen
Klimas
OnDeck
sklimas@ondeck.com
P: (646) 668-3582
OnDeck, the OnDeck logo, OnDeck Score and OnDeck Marketplace are
trademarks of On Deck Capital, Inc.
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SOURCE On Deck Capital, Inc.