This 4th of July: Why Small Businesses Are Crucial to the USA?

There are four significant ways small businesses contribute to this great country of ours:

#1 Small business is the number one job creation engine

Small businesses represent 99.7 percent of all employer firms, employ half of all private sector employees and pay 45 percent of the total U.S. private payroll.  Small business has generated 60 to 80 percent of net new jobs annually over the last decade (U.S. Small Business Administration, Office of Advocacy).

#2 Small business is a loud voice in public affairs and politics

Small-business owners vote! Disproportionately large percentages of small-business owners are registered to vote (95%), usually do vote (84%) and run for elective office (3%) (NFIB National Small Business Poll: Political Participation).

#3 Small Business is a steady part of the American work force

46%  of small employers intend to never fully retire. Another 23% will retire at 65 or older, with half that number retiring at 70 or older. 60% percent of those intending full retirement at some point expect to phase-out, rather than to retire abruptly (NFIB National Small Business Poll: Retirement).

#4 Small businesses contribute to local communities

91% of small employers (small-business owners) contributed to their community in 2014 through volunteering, in-kind contributions, and/or direct cash donations. About 41% contributed in all three ways. The estimated average value of contributions is $6,600 per small employer, contributing and not, for a total of roughly $40 billion (NFIB National Small Business Poll: Contributions to Community).

We also help America

At Karish Kapital, we are proud to support American small businesses. We provide alternative merchant cash advance short term capital solutions. These alternatives are ultimately based on the strength, resiliency and resolve of the entrepreneurs who are committed to managing their businesses for success. For more information and to see how we can help your business click HERE or call 347-871-CASH (2274).