In a retail world dominated by big box stores and the prevalence of faceless corporate giants, starting or keeping up a small business can be tough going, but a niche for small businesses is beginning to grow. People these days are becoming increasingly more apt to choose a family owned or mom and pop store than a huge corporate one. In fact, small businesses are in much better positions these days than they were just a few years ago. If you are considering starting a small business, now is the time to do it, especially with the availability of small business funding solutions.
A small business is defined by the Office of Advocacy as an independent business that employs 500 or fewer people. Small business owners generally use about $10,000, according to the Wells Fargo Small Business Index study. That being said, the maximum small business loan size tops out at 1 million dollars. This is in part due to business funding solutions and the funding available for small businesses. Small business lending is on the rise; in just one year, it increased over 10%, according to the U.S. Small Business Administration.
Starting or owning a small business is actually more popular then you might think. Though we are generally most familiar with large chain stores, small businesses make up about 90% of businesses in America and employ more than 54 million people. Small businesses are also responsible for more than half of all U.S. sales.
If you are interested in starting your own small business, look into the business start up funding available to you. Maybe you always dreamed of finally opening that coffee shop or small dog petwear specialty store. Funding a start up is not as difficult as it used to be, so look into business funding solutions and make your dreams come true. Continue.