There’s no doubt that small businesses are the backbone of modern America.
According to the Small Business Administration Office of Advocacy, 99.9% of businesses – or 33.2 million businesses – across the U.S. are small businesses. In 2021, an average of 450,000 new business applications were filed each month. And the impact is large. While 27 million of the small businesses have no employees, the sector accounts for two out of every three jobs added in the past 25 years.
Yet, the banking…
