4 years ago

fundkite – Challenge

The major challenge small businesses face today is financing.

For small businesses hoping to restock, increase or upgrade inventory and expand the current economic climate is proving challenging. Recent SBA findings highlight that businesses are currently facing financing issues that are considered to be one of the biggest hurdles for growth. Only less than 10% are able to receive loans from their bank. And for those who are lucky it normally takes at least several weeks to go through the loan process. This puts even more pressure on the business.