12.3 million is the number of girls-owned businesses within the US. The common quantity of startup capital required by a small business owner is $10,000. 2018 has been a great yr for small companies looking for capital. Small business lending statistics show that with 26.9% approvals of small business loans, this pattern reached the very best point post-recession.
Small Business Resources
According to a US Bank research, 82% of companies fail due to cash circulate issues. This emphasizes the necessity to often analyze cash circulate statements to make sure you’re on high of it. Additionally, 50% of small businesses are certain to survive 5 or more years, and 66% would endure all through the first ten years. The success of a small business depends on the right planning, flexibility, and funding.
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