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).