Things to Know if You’re Starting a Small Business

Working capital financing

In the wake of the Great Recession, it might not seem to be the ideal time to start a new small business. People are generally strapped for money, or perhaps would rather wait it out for the economy to improve to start their new business. However, it seems that certain shifts in American sensibility are causing people to favor small businesses over big business, so now is probably an ideal time. Funding a start up might seem to be a daunting obstacle for starting your new business, but there are plenty of business funding options available to you.
Small businesses comprise 90% of all of the businesses in the United States and are better shape than they were a couple of years ago. The Office of Advocacy defines businesses that employ 500 people or fewer and are independent as small. Business funding options these days can help you become one of the 90%. Start up loans for small business are becoming easier to come by; according to the U.S. Small Business Administration, in just one year small business lending increased more than 10%.
Small business may be classified as small, but it boasts some pretty big numbers. Small business accounts for more than half of all sales in the United States, and employs about 55 million people. Business funding options can put you to work too (but for yourself, of course).
You should get a piece of the funding available for small businesses. Rather than sitting back and coming up with excuses to rationalize why you have not yet started your business, go out there and do it. New business funding options are there for you.

Leave a Comment