Accion and Opportunity Fund conducted a study to understand how small businesses perform after receiving capital from mission-based lenders. They tracked 500 clients to observe sustainability, sales, profit, and employment capability. Some of the highlights: the majority of small businesses that obtain loan funds from mission-based lenders remain in business 2-3 years after receiving capital; over 50% increased in sales and profits, and small business owners who received loan funds experienced increased feelings of competence and confidence. The findings present a case for the importance of mission-based lenders to the goal of creating financial inclusion for underserved entrepreneurs.
The new 2018 State of Women-Owned Businesses Report commissioned by American Express does a fantastic job of measuring successes. Four out of every 10 businesses in the United States is now women-owned. It also shows us the challenges. Women-owned businesses still see only 4.3% of total revenues and 8% of all employment.
Emergent Research released “MBO Partners State of Independence in America,” a study which offers insights into the growth of the independent workforce.
The SBA Office of Advocacy released “One Year of Equity Crowdfunding: Initial Market Development and Trends.”
The SBA Office of Advocacy Research released “Why Do Businesses Close“, using U.S. Census Bureau data, and found that over the last 25 years, about 7–9 percent of employer firms close every year and a slightly higher share open. Many reasons for closing are personal.