Beyond the Trends

Ready for springtime growth. U.S. Small Business is ready to expand?

Last year talk of recession was thick in the air, but customers were still buying. Costs had risen, but businesses worked hard not to pass those on. When they finally had to, surprisingly the customers paid. The economy in 2023 outperformed expectations, however continued rise in the cost of everything is weighing heavily on business owners' minds.

According to the Small Business Administration (SBA),there are approximately 33.2 million small businesses in the United States, constituting 99.9% of all U.S. businesses. These small businesses create two-thirds of all new jobs and 44% of the U.S. economic activity.
Chart: Federal Funds rate cuts in the distant future
Source: Federal Reserve Board of Governors

Beyond the Trends is a quarterly report written by Experian Business Information Services. The report offers a unique view of the small business economy based on what we see in the data. With up to date information on over 25 million active businesses and how they perform from a credit standpoint. Experian will share insights and commentary on how economic conditions, public policy, and other factors might shape future small business performance.

Download the report

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.