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Adam Radly Bob Bates have raised capital for many businesses. Many businesses owners think it’s a difficult process and don’t bother. This is an interesting article from Small Business Trends that suggest that two-thirds of businesses can get access to the credit they need.
With a score of 69.7, the MetLife & U.S. Chamber of Commerce Small Business Index (SBI) for Q3 of 2018 achieved the highest level in the history of the survey.
MetLife and U.S. Chamber of Commerce: Q3 2018 Small Business Index
The high level of optimism in the economy is in part also responsible for more businesses getting the full amount of financing they applied for. This was the case for more than two thirds or 67% of the applicants. Another 11% only received a partial amount while 15% were rejected.
Right after the financial crisis access to capital was a challenge for most small businesses. As the economy kept improving along with some government intervention, more businesses were finding the funding they needed.
See the rest of the article here.
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