Grow Your Small Business with Atlanta Credit Experts
Entrepreneurship of big or small corporations, even in favorable times, is challenging. The small business credit survey conducted by the Federal Reserve system in early 2020 indicated that 57% of the total small businesses enjoyed profit, and only a margin of 24% operated in losses. The figures took a considerable downfall when the lockdown period began. The same researchers showcase that the small business holders were railroaded. They only had a cash flow suitable to support one-month operations, leaving both the business owners and employees vulnerable to face pandemic consequences. Clearly, the global recession period of 2020 ended good times for small business owners. Due to reduced revenues and lack of financial support, numerous businesses fought for their survival, out of which many couldn’t survive the day. No matter how hard it was for the existing business owner, the pandemic gave us ample time to find ideas to venture into their desired fields and open bu...