Advice and Advisors
» Advice and Advisors, Volume 2, Issue 5, 2002
If respondent consults a banker for business advice.
7a. What type of advice do you usually ask from a banker? (Allow two responses.)
| Response | ||||
|---|---|---|---|---|
| 1 | Checking (business) | 5 | ||
| 2 | Savings account (business) | 2 | ||
| 3 | Loan or line-of-credit needs/issues | 56 | ||
| 4 | Tax issues | 0 | ||
| 5 | Payroll issues | 0 | ||
| 6 | Customer payment methods | 1 | ||
| 7 | Business investments | 10 | ||
| 8 | Business/employee retirement planning (Not personal) | 1 | ||
| 9 | Assessment of economic/market conditions | 3 | ||
| 10 | Exit strategy/personal retirement/succession planning | 2 | ||
| 11 | Personal accounts | 2 | ||
| 12 | Problem resolution | 0 | ||
| 13 | Cash flow/financial management | 6 | ||
| 14 | Interest rates | 7 | ||
| 15 | Financial (non-specific) | 3 | ||
| 16 | Other | 14 | ||
| 17 | No second choice | 84 | ||
| 18 | DK/Refuse | 5 | ||
| Total (%) | 201 | |||
| N | 397 | |||
Notes: Fifty-six (56) percent of small employers who consult a banker for business advice say that they asked for advice on a loan or line-of-credit need or issue (Q#7a).
