Securing A Small Business Loan In Today’s Environment

Small businesses are known to drive the U.S. economy and according to the Small Business Association, make up 99.9% of all U.S. businesses. As Small Business Month comes to a close, it’s more important than ever to recognize the headwinds they face in today’s economic environment, especially when it pertains to new financing.

The National Federation of Independent Business’ (NFIB’s) Small Business Optimism Index decreased by 1.1 points in April to 89.0, to a 10 year low on worries about the near-term economic outlook and rising interest rates. And while the report declined, there were increasing signs that businesses could have difficulty accessing credit.