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Small Biz Is Debt Wary

Buying and leasing new equipment and taking on new debt are two decisions small business owners are sitting on until they see sustained signs that the economy is recovering.

Buying and leasing new equipment and taking on new debt are two decisions small business owners are sitting on until they see sustained signs that the economy is recovering.

According to a Raddon Financial Group survey of 1,200 small business owners, 47% said they had postponed equipment leases and purchases while 41% were cautious about taking on new debt. Thirty-nine percent said they have put off hiring new employees, 24% are not expanding their facilities and 19% have opted not to buy real estate.

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