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Marketplace for small business loans, Lendio, announced on Tuesday the results of its latest survey, which showed that small business owners’ perception of Trump’s presidency three weeks in is split. According to the survey, 56% of small business owners stated they believe the economy will be worse or the same during Trump’s first term.
Lendio revealed that the survey was done on more than 330 small businesses in the U.S. with less than 250 employees. Only 27% approve of Trump’s performance so far, with small business owners believe that the new president’s recent executive order on business regulations, which requires federal agencies to cut two existing regulations for every new one, will help their business. The survey also noted that 41% believe it will help while 28% believe it won’t help, and 31% were neutral.