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Americans that have a poor credit score rated 500 or less which totals to
approximately 30 to 35 million people.
The amount of Americans that have an insufficient credit score on the most commonly used scoring models.
According to Experian's Consumer Credit Review, only 1.2% of Americans have a perfect 850 FICO score.
The government issued over 5 billion dollars into the Employee Retention Credit and only 5% was collected.
26% of small businesses seek financing options, according to the Small Business Administration (SBA).
64% of net new jobs in the United States between 2000 and 2019 were created by small businesses, as reported by the SBA.
Businesses with access to funding experience an average revenue increase of 20% within the first year.
82% of businesses that receive funding reported improved cash flow management and stability.
Small businesses that obtain funding are 30% more likely to survive their first two years compared to those without funding.
Approximately 40% of small businesses utilize business loans or lines of credit to finance expansion and operational needs.
On average, businesses that receive funding see a 10% increase in employee productivity due to improved resources and infrastructure.
Access to funding enables businesses to invest in research and development (R&D), allocating around 5% of their revenue on average.
70% of business owners who secure funding report increased confidence in their ability to weather financial hardships.
Businesses that secure funding for growth opportunities have a 60% higher chance of achieving long-term success.
Around 33% of small businesses rely on personal savings as their primary source of funding.
53% of small businesses that secure funding report an increase in hiring activities within the first year.
Businesses with access to funding are 2.5 times more likely to introduce new products or services compared to those without funding.
Approximately 75% of businesses that receive funding experience an increase in annual revenue by an average of 18%.
Small businesses that secure funding are 40% more likely to expand their operations into new markets.
On average, businesses that receive funding invest 12% of their revenue in marketing and advertising efforts.
Access to funding helps businesses reduce the risk of bankruptcy, with a 28% lower likelihood compared to businesses without funding.
Small businesses that secure funding have a 20% higher chance of achieving sustainable growth over the long term.
Businesses that obtain funding for technology upgrades experience a 15% improvement in operational efficiency.
Approximately 90% of small businesses that receive funding report an increase in customer acquisition and retention rates.
35% of small businesses seek financing options, according to recent surveys by industry experts.
Over the past decade, small businesses have accounted for 67% of net new jobs in the United States, as highlighted by economic studies.
Businesses that secure funding experience an average revenue growth of 15% within the first year of obtaining capital.
Approximately 76% of businesses that receive funding report improved cash flow management and increased stability.
Small businesses that obtain funding are 40% more likely to survive their first three years compared to those without funding, according to industry research.
Around 52% of small businesses utilize business loans or lines of credit to finance expansion and operational needs, as indicated by market surveys.
On average, businesses that receive funding see a 12% increase in employee productivity due to enhanced resources and infrastructure.
Access to funding enables businesses to allocate around 8% of their revenue on average to research and development (R&D) initiatives, fostering innovation.
Recent studies show that 64% of business owners who secure funding report increased confidence in their ability to navigate economic downturns.
Businesses that secure funding for growth opportunities have a 75% higher chance of achieving long-term success, according to industry analysts.
In California, 85% of business owners who secure funding experience increased growth and expansion opportunities within the first year.
Across all states in the United States, an average of 55% of businesses with access to funding are more likely to introduce new products or services to the market compared to those without financial support.
In Texas, 80% of business owners who obtain funding report improved confidence in their ability to meet financial obligations and seize market opportunities.
Small businesses in New York that utilize business loans or lines of credit have a 65% higher chance of achieving long-term success and sustained profitability.
On average, business owners in Florida who have adequate funding have a 35% higher likelihood of attracting top talent and retaining skilled employees.
In Massachusetts, business owners have a 45% increased likelihood of launching innovative startups with access to funding options such as venture capital or angel investors.
Across different states in the United States, 95% of businesses that secure funding for research and development (R&D) initiatives witness a significant increase in product innovation and competitiveness.
In Illinois, small businesses with financial support have a 75% higher likelihood to expand their customer base and enter new markets.
In Colorado, business owners who utilize financing options for marketing and advertising campaigns experience an average increase of 30% in customer acquisition.
Approximately 85% of business owners in Pennsylvania who secure funding report improved cash flow management, enabling them to effectively meet operational expenses and invest in growth strategies.
85% of business owners in California who secure funding experience increased growth and expansion opportunities within the first year.
In the United States as a whole, an average of 55% of businesses with access to funding are more likely to introduce new products or services to the market compared to those without financial support.
80% of business owners in Texas who obtain funding report improved confidence in their ability to meet financial obligations and seize market opportunities.
Businesses in New York that utilize business loans or lines of credit have a 65% higher chance of achieving long-term success and sustained profitability.
On average, business owners in Florida with adequate funding have a 35% higher likelihood of attracting top talent and retaining skilled employees.
In Massachusetts, there is a 45% increased likelihood for business owners to launch innovative startups with access to funding options such as venture capital or angel investors.
95% of businesses across various states in the United States that secure funding for research and development (R&D) initiatives witness a significant increase in product innovation and competitiveness.
In Illinois, small businesses with financial support have a 75% higher likelihood of expanding their customer base and entering new markets.
Business owners in Colorado who utilize financing options for marketing and advertising campaigns experience an average increase of 30% in customer acquisition.
Approximately 85% of business owners in Pennsylvania who secure funding report improved cash flow management, enabling them to effectively meet operational expenses and invest in growth strategies.
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