Small Business Funding Trends You Need to Watch Out For in 2021
2020 has been a year of disruption for many small business owners across the world. After the whole year of turmoil and change, small business owners are looking again to the future. There are numerous reasons to be optimistic for businesses that have been affected by COVID-19 and are looking to reopening and rebuilding after the pandemic. The vaccine is finally here, the SBA is currently accepting second round PPP applications, and entrepreneurs are making strategies to return to the pre-COVID era. Businesses that have been successful in saving their existence during this hard and weird time will have more small business financing options in 2021. To help prepare and harness the benefits of this exciting financial opportunity for your small business, we’re sharing some of the financial statistics and trends you should be mindful of in 2021. More Lenders will Serve Small Businesses 43% of small and medium-sized businesses applied for a loan in 2020. 14% o...