Boost Your Business: Insights for a Bigger Bottom Line
The 2023 Small Business Administration (SBA) loan data reveals that established businesses were the primary beneficiaries of SBA lending programs, with businesses operating for more than two years receiving 35,149 loans, representing approximately 56% of all loans distributed. This significant majority suggests that lenders tend to favor businesses with proven track records and established operations. … Read more
The data presents a sobering look at business longevity, showing how the percentage of surviving businesses decreases significantly over time. While nearly half (49%) of all businesses manage to survive their first five years, this number drops dramatically to just under one-third (32%) by the ten-year mark. The decline continues as businesses age, with only … Read more
The Secret to Growing Your Small Business: Streamlining Payments You’ve poured your heart and soul into building your small business, but there’s one crucial aspect that often gets overlooked: how you accept payments. In today’s fast-paced world, customers expect a seamless and convenient payment experience, and failing to provide that can lead to lost sales … Read more