As small businesses continue to navigate an evolving economic landscape, many are entering 2026 with a sense of cautious optimism. To gain insight into how business owners are approaching the year ahead, TMC Financing surveyed many of our current clients about their expectations for revenue, growth, refinancing, and hiring in 2026.
The results of the 2026 Business Outlook Survey reveal a thoughtful balance between confidence and caution, as business owners focus on long‑term stability while remaining open to strategic opportunities for growth.
Key Highlights:
- 42% of surveyed businesses reported revenue growth in 2025, while 31% saw revenue remain steady and 27% experienced a decline.
- 62% of respondents predict their revenue will increase in 2026.
- 31% of business owners plan to expand in 2026, including those considering purchasing or leasing commercial real estate.
- 35% of respondents plan to hire additional employees in the coming year, while the majority expect to maintain their current workforce.
- 91% of respondents report that the SBA 504 loan has helped their business.
Let’s take a closer look at what small business owners had to say:
Revenue Trends
Despite continued economic uncertainty, small business owners demonstrated resilience in 2025. 42% of respondents reported an increase in revenue compared to the prior year, while 31% experienced no change. Although 27% saw a decline, these results highlight the adaptability of small businesses across industries and regions.
Looking ahead to 2026, business owners express growing confidence. 62% of respondents anticipate revenue growth in the coming year, while 29% expect revenue to remain stable and only 9% predict a decrease. This forward‑looking optimism suggests that many businesses believe the environment is becoming more favorable.
➡️ “Things are getting better. Business is improving, and we’re cautiously optimistic about what’s ahead.”
Hiring & Workforce Plans
Employment plans for 2026 point to steady job creation paired with careful planning. 35% of respondents plan to hire additional employees, while 61% expect to maintain their current staffing levels. Only 4% anticipate reducing their workforce.
These responses reflect a pragmatic approach to hiring as business owners balance growth opportunities with labor availability, wage pressures, and operational efficiency.
➡️ “We would like to hire, but it’s still difficult to find quality workers. We’re growing carefully.”
Expansion & Real Estate Plans
While many business owners remain cautious about expansion, interest in real estate investment continues. 31% of respondents indicated plans to expand in 2026, including purchasing, leasing, or pursuing other real estate options. At the same time, 69% reported no plans to expand this year, underscoring a disciplined approach to growth focused on long‑term sustainability rather than rapid expansion.
For those considering ownership, SBA 504 financing continues to support thoughtful expansion by offering long‑term, fixed‑rate financing and predictable payments.
➡️“Buying my own building was the best financial move of my career. The stability of the payment and the quality of our space have been great for business.”
Refinancing Considerations
Refinancing remains a selective strategy among respondents. 8% of business owners plan to refinance in 2026, while many others indicated they would consider refinancing if market conditions become more favorable.
This cautious interest suggests refinancing is viewed as a strategic financial tool rather than a necessity, with business owners waiting for the right opportunity to improve cash flow or lock in long‑term stability.
➡️“If interest rates come down, we would seriously consider refinancing to improve cash flow.”
The Impact of SBA 504 Financing
The survey continues to highlight the value of SBA 504 financing for small business owners. 91% of respondents reported that the SBA 504 loan has helped their business, citing benefits such as predictable payments, improved cash flow, and the ability to invest confidently in long‑term growth.
For many borrowers, owning their building has provided stability during uncertain economic cycles, allowing them to focus on operations rather than rising rents or lease uncertainty.
Borrower Perspective
Many respondents emphasized the stability and peace of mind that SBA 504 financing has provided, particularly through changing economic conditions.
➡️“The SBA 504 loan allowed us to own our building and focus on growing the business without worrying about unpredictable rent increases.”
Others echoed the importance of long‑term partnership and predictability.
➡️“TMC helped make it possible to buy our building and gave us the stability we needed to plan long‑term.”
Looking Ahead
The 2026 Business Outlook Survey reflects a community of business owners who are planning thoughtfully for the future. While challenges remain, TMC clients are entering the year with confidence, discipline, and a focus on sustainable growth.
As always, TMC Financing remains committed to supporting small business owners as they plan, grow, and invest in their future. Whether you are considering expansion, purchasing, or refinancing commercial real estate, contact us to explore your options.
