Many of the survey respondents reported having to work longer days. Forty percent of small business owners said they now work 50 hours per week or more, with 20% working from 51 to 60 hours and the other 20% working 60 hours or more. Thirty-seven percent said they work 40 hours or less per week, with 19% working from 41 to 50 hours.

Among the obstacles to growing their businesses, 38% said the economy is an ongoing and significant challenge, according to the survey. Getting sales, new businesses, clients and customers came in second at 14% followed by a lack of consumer confidence at 10%.

Some of the respondents said the high cost of doing business and living on Long Island, health care cost, taxes and competition were other challenges.

Kirk Kordeleski, president/CEO of Bethpage, presented the survey's findings at the Long Island Association's inaugural 2012 Small Business Committee Friday. Kordeleski is chairman of the association.

According to Kordeleski, these findings substantiate the current efforts by credit unions nationwide, including Bethpage, to urge passage of H.R. 1418 and S. 509, the Small Business Lending Enhancement Act, which will expand the lending cap for credit unions to business members from 12.25% to 27.5%.