Live Oak Bank’s quarterly research highlights the impact of staffing, pricing, and costs on small businesses.
For the 8th consecutive quarter, more small businesses decreased their number of employees than increased.
However, over a quarter of small businesses indicated they are understaffed.
Over the past 12 months, small businesses have indicated that the most common increases continue to be direct and indirect costs.
Each quarter, Live Oak will be sharing real-time metrics based on a relevant and timely topic. Barlow Research, a data-driven research firm, is leading the survey efforts on behalf of Live Oak Bank.
