- Stronger Businesses: 95% of businesses remain open despite challenging economic times
- Economic Opportunity: 4.7 jobs created or sustained on average by businesses with employees
- Satisfaction with Income: 52% report satisfaction with income earned from their business
- Increased Compensation: 98% median increase in clients’ financial draw from their businesses
The impact not only highlights the significance of small loans for those surveyed, but the ways in which accessible financing partnered with advice can go beyond the monetary value and impact entire communities. The businesses surveyed represent a diverse client base, with 42% being women entrepreneurs, 69% minorities and 61% having employees. 38% of business owners surveyed were looking to substantially grow their business in terms of revenue or staff size with a microloan and are stronger today because of them. Accion is passionate about being able to be more than just a lender and become a partner in accomplishing their goals.
Join us in highlighting the findings of the survey and the effectiveness of small loans and their role in the success of small business. Stay tuned throughout the following weeks and join the conversation with #EntrepreneurTracker as we continue discussing the results of the survey and how we can continue to help small businesses succeed.