FinTech Companies Powering Seamless and Invisible Small Business Operations

99.7% of all businesses in the US are small businesses

Small businesses present a strong community-building and economy-driving force in any nation. Furthermore, countries that created the most business-friendly regulatory environments for setting up and running a business, are some of the most prosperous. While the US has something to learn from New Zealand, Singapore and Denmark in that regard, the small business ecosystem in the US is a massive industry and represents 99.7% of all US businesses.

Source: U.S. Small Business Profile, 2016 by SBA Office of Advocacy

According to the U.S. Small Business Administration:

  • The 28 million small businesses in America account for 54% of all US sales.
  • Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.
  • The 600,000 plus franchised small businesses in the US account for 40% of all retail sales and provide jobs for some 8 million peopl ...
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