According to the U.S. Census Bureau, an average of 4.4 million businesses are started every year; yet more than 20% of small enterprises fail in the first year, and nearly 50% of small startups fail within the first five years. The most common reason? Running low on cash. In fact, the nonprofit Small Business Majority found nearly one in three small businesses couldn’t survive for more than three months without additional capital or a change in business conditions.
Aside from applying for a small…
