The SBA’s Office of Advocacy recently released the 2018 Small Business Profiles for States and Territories. This information provides key facts, numbers and trends regarding entrepreneurship and small business in America. Some quick take-aways:
- American business is overwhelmingly small business
- The bulk of job creation comes from small businesses
- Illinois and Missouri saw a faster growth rate than the overall U.S. growth rate in the third quarter of ’17
- Read more from the Office of Advocacy publications …Small-Business Profiles by State
Keep in mind, the 504 encourages continued small business success…
| GROWTH & EXPANSION | FINANCIAL STABILITY |
| New construction | Long loan terms – up to 25 years |
| Real estate purchases | Low, fixed interest rates |
| Renovations | Refinancing into long-term, fixed rate |
| Machinery or equipment purchases | Cash-out refinancing |
| Adding multiple locations | Low down payments |
| Green energy upgrades |