Know Finance

If you’re starting a business in 2023 or just hoping to thrive this year, keep reading. We’ll take a look at how loans vary by business category and how to improve your chances of getting a small business loan.

Because American small businesses are such an important part of the economy, the U.S. Small Business Administration was created to give them a boost. The idea is to encourage local economic growth by creating jobs and boosting innovation.

To find the right balance, you need to know how to measure the working capital you have, learn how much you need, and find out how much it takes to grow your business. This article will give a few pointers and help you get more familiar with the working capital part of running a business.

Below you’ll find five industries expected to face an uphill battle in the months to come. If any of them hit a bit too close to home for you and your business, the time to act is now. Be sure to read to the end to discover some tips to help your business weather 2023.