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Small Business

Coming From Behind: Eliminate Debt To Grow Your Company

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 17 hours ago
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When the pandemic hit America, 74% of small businesses took on debt to offset COVID-related losses. Much of this debt came through the Small Business Administration's (SBA) 14 million-plus loans approved by Congress, while other debt was secured through personal collateral. A Fall 2020 Federal Reserve survey found the number of businesses with $100,000 or more in debt “rose from 31% to 44% in 2020.”