1. 94% of small business owners feel financially prepared for 12-18 months. 2. 72% can only handle revenue shortfalls for two quarters before concern.
While small business confidence is high, many are precariously low on reserves. Similar scenarios historically indicate modest market fluctuations without sustained effects on larger institutions like TD.
The article highlights risks in the small business sector, potentially affecting TD's lending metrics. Awareness of short-term economic vulnerabilities can inform TD's strategic moves.
Immediate pressures on small businesses may influence lending volumes to them. However, TD's diversified portfolio minimizes long-term impact.