Home
Fintech
Federal Reserve Report Shows Why Small Businesses Seek Financing

Federal Reserve Report Shows Why Small Businesses Seek Financing

·
FintechNews RoundupUSA
··1 min read

The 2017 Small Business Credit Survey from the Federal Reserve shows that nearly 60 percent of small businesses applied for financing in 2017 because they wanted to expand their business or pursue new opportunities. The report also discloses the percentage of applications that were funded as well as the reasons small businesses were denied credit. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts