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11 14 2014

American Small Businesses Help the Economy Greatly

11 14 2014

How Small Businesses Help The Economy

From obtaining working capital to getting your taxes in order each year, there’s always something to keep you occupied as a small business owner. However, it can be a good idea to stop and think every now and then about how your efforts are helping the nation as a whole.

Beyond the benefits

There are numerous reasons why people go into business for themselves. Some people just want to be their own boss. As an owner, you’re the one in control, and although that comes with unique stressors of its own, it also means total freedom in your career.

The flexible lifestyle offered as a small business owner is just one attraction, however. While you may take on more risk as a small business owner, you also give yourself the chance for more reward.

Small business owners also get to follow their specific passions and decide who they work with.

Finally, there’s also the special pride that comes with knowing you built something of your very own.

But the benefits provided by small business ownership go well beyond those enjoyed by the owners themselves.

Adding to the marketplace

According to data from the Small Business Administration, there are 23 million small businesses in America, accounting for 54 percent of all U.S. sales.

It’s these entrepreneurs who provide most employment opportunities for Americans. Small businesses provide 55 percent of all jobs and 66 percent of all net new jobs since the 1970s, according to the SBA.

This self-starting spirit continues to endure, as well. Forbes reported in 2013 that approximately 543,000 new businesses get started each month. These businesses add to local economies through employment, the purchase of goods, availability of services and more.

Unlike large corporations, money spent at small businesses is more likely to be funneled back into local communities, helping to keep towns and their citizens financially secure.

Additionally, with so many large companies bringing in goods from overseas and hiring labor in other countries, small businesses keep the U.S. economy moving, manufacturing and hiring on American soil.

It’s for all these reasons and more that small businesses are an essential part of the economy. And while business owners will no doubt face challenging conditions from time to time, there are various options to help keep small businesses thriving.

From small business working capital loans and merchant cash advances to different types of equipment leases, owners have a wealth of options to choose from when trying to make their operations more efficient and effective.

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Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

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The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

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