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Small Business Majority.pdf

2022-SSTB-SBM-Network-Poll-Report.pdf

🔗 Source: smallbusinessmajority.org

📊 Size: 180 KB

👤 Author: Small Business Majority

⬇️ Downloads: 98

Summary

Small businesses are optimistic about their future despite concerns about inflation and barriers to capital, with 89% impacted by inflation, 75% facing challenges in obtaining capital, and 60% experiencing supply chain disruptions. Over 6 in 10 small business owners are optimistic about their business prospects for the next six months. The survey found that 46% of small business owners obtained funding relief through the Paycheck Protection Program, and 39% received funding from the Economic Injury Disaster Loan program. However, 26% of respondents obtained no capital since the pandemic started, with minority-owned firms more likely to be denied capital. Small businesses are adapting to digital tools, with 83% having a website pre-pandemic and 36% planning to implement new digital tools in the coming year. Workforce challenges are also prevalent, with 68% of small business owners reporting difficulty finding quality workers and 64% saying workers expect higher wages.

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Description

Small businesses are optimistic about their future despite concerns about inflation and barriers to capital, with 89% impacted by inflation, 75% facing...

Technical Information

File Format: PDF
File Size: 180 KB
Pages: 6
Language: EN
Author: Small Business Majority
Total Downloads: 98
Last Updated: 1 week ago

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This PDF document about Small Business Majority provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Small Business Majority.