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Biz Credit Talks Offers Long-Term Success For New Crop Of Emerging Small Businesses

Published April 04, 2022

The U.S. Census Bureau says that small business owners in the United States filed 5.4 million new business applications in 2021, a new record. Unfortunately, according to the Small Business Administration (SBA), only two-thirds of those businesses will survive at least two years.

Score.org, the nation's largest network of volunteer, expert business mentors, says 82% of small businesses fail because of cash flow issues, which leads to credit issues and can eventually cause problems in getting approved for a loan.

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