The U.S. Chamber of Commerce has released survey findings determining main street businesses depend on financial system diversity and choice to access needed growth resources.
The analysis stems from efforts to inform the nation’s policymakers on the impact of financial services regulations on the business community – garnering feedback from more than 300 corporate finance professionals.
The survey breakdown also showed respondents saw lingering effects of the post-financial crisis to be a challenge. American businesses have generally turned more optimistic over the last two years regarding their access capital.
The numbers proved 66 percent of companies cited increased bank capital charges impacting ability to obtain financing while 62 percent expect their financial performance to improve over the next year.
“Ten years of new financial regulations hasn’t dented business optimism, but some obstacles need to be removed for companies of all sizes have access to the financial services they need in order to grow their business,” David Hirschmann, president and CEO of the U.S. Chamber’s Center for Capital Markets Competitiveness, said. “Businesses have spoken loud and clear that they depend on diversity and choice in the financial marketplace.”
The survey seeks to help policymakers better understand the ongoing impacts financial regulation has on the broader economy and inform regarding regulatory reform efforts currently underway.