Gaining a Specialty Banking Edge in the Small Business Market

Gaining a Specialty Banking Edge in the Small Business MarketGaining a Specialty Banking Edge in the Small Business Market

Small- and mid-sized businesses (SMBs) account for 99 percent of all business activity across the U.S. Comprised of companies with under 500 employees, this sector is a growing part of the fabric of the nation, driving economic fortune and offering employment to nearly half the country’s workforce. Fortunately, the future looks strong for many SMBs. Revenue growth was up for 35 percent in 2018, according to the Small Business Credit Survey (SBCS), a collaboration of the 12 Federal Reserve Banks. In addition, nearly a third of employer firms are growing and 53 percent have ambitions to be larger than they are now.