Like all presidents, Donald Trump took office expecting to change things quickly. While there are new people in power, some of his well hyped shake up efforts have stalled. Obamacare has not been repealed, the wall with Mexico has not been built, and his proposed ban on visitors from Muslim countries was stalled by the courts.
Yet at the same time, there are positives despite Trump’s setbacks. The economy is not doing bad, and confidence is still relatively high. In fact, it might even be better for small businesses in search of capital that Trump has had setbacks. Too much disruption is not good for the financial markets. Trump creates noise, which tends to cause jitters.
The overall mood on the economy leans toward positive, even though his heralded tax cut might not go through. Recession is not a cause for concern at the moment.
Small business loan volumes lowed a little in March and early April. My take is that if people want to borrow to expand their companies, doing it now would be advantageous. The economy isn’t growing as much
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