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.