Small businesses are foundational to the United States economy. In 2019, it was reported that small businesses make up 44% of all U.S. economic activity and are responsible for two-thirds of all jobs in the country. Small, local companies add value to their communities by providing essential goods, services and employment opportunities to the area and stimulating the economy.

If you’ve thought about starting your own business, you may have wondered how to get enough capital to start your venture. 

You’re not alone. One of the most common challenges starting entrepreneurs face is a lack of funds when trying to get their businesses off the ground. While there are a few ways to get the cash you need, a commercial loan from your local bank is a great option.

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Life can be unexpected. Accidents, emergencies and repairs never come at a good time. Even if you plan for your financial future, sometimes you will have an expense you didn’t anticipate. 

Many people are unprepared for urgent pop-up expenses. About 56% of Americans can’t pay for an unexpected $1,000 bill with their current savings, according to a Bankrate telephone survey from January 2022. 

One in four Americans (25%) don’t have an emergency fund. Without emergency savings at their disposal, these individuals turn to credit cards or loans to pay for unforeseen expenses. 

You can help your future self by setting aside money for emergencies. 

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We all need a way to get around. For most of us who live outside of major metro areas, a car is our best bet to get from point A to point B. In 2020, a ValuePenguin survey found that 91.55% of all households reported having at least one vehicle. Cars are essential to getting you to work, getting your kids to school and running every errand you can think to run. Our automobiles are critical to our daily lives.

So, what are your options if your current jalopy goes kaput or you need a different vehicle to suit new needs?

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