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Ever wonder how you and your business stack up to your neighbors? The U.S. has almost 330 million people (with one birth every 8 seconds!) and nearly 30 million small businesses… So where do you fall?
When it comes to small business financing, we can tell you exactly how you compare in terms of annual revenue, personal credit score, and years in business—and what loan sizes and APRs you should expect if you’re financing the business.
Check it out:
Every state has its own rules, regulations, laws, demographics, industries, markets, and economies—but the more you know about general geographic trends in business and financing, the better off you’ll be.
Here are some extra-interesting highlights we think are worth mentioning:
See any notable facts about your home state? Comment below and let us know! Plus, learn more about the best cities to start a small business in New York and California.