Small Business Industry Study Finds IT Companies Performing Well In Most Financial Measures

  • 📰 Forbes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

IT firms had the highest average revenue ($955,793), the best credit score (658), and received the highest average amount of financing ($131,743) when they sought credit.

had the of all funding issued to small businesses, followed by Health Care and Social Assistance , Services except Public Administration , Accommodation and Food Services , and Construction ., followed by Public Administration , Arts, Entertainment, & Recreation , Services except Public Administration , and Retail Trade .

Demand for IT services continues to boom as more and more companies arrange for remote working in the aftermath of the pandemic. IT companies saw the highest average approval rates for financing requests. Although these companies did well overall, their clients are often larger firms that take longer to pay outside vendors. Thus, they wind up borrowing money to manage their available cash month to month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘 The city of Mahabad is under attack with heavy artillery and IRGC is shooting at the houses of innocent people! The Islamic Republic is slaughtering innocent people! Be the voice of the people of Mahabad! MahsaAmini IranRevolution

Feg is building an Aggregator with advanced trading tools and perpetual possession of your Crypto with FTW tech. SmartDefi tech assures a guaranteed value stored securely within the contract, with Asset-backing: also, it assures a transparent Asset-backed lending Btc Eth

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Firewalla Gold Plus Is The Perfect Firewall For Small Business And Home NetworksThe new Firewalla Gold Plus is an innovative firewall for protecting home and office networks from cyber attacks. It also monitors network activity to ensure the data keeps flowing. I have one of these - real world results are outstanding.
Source: ForbesTech - 🏆 318. / 59 Read more »

Rising Interest Rates Put Small Business Owners’ Plans on HoldAdd rising interest rates to the challenges small businesses are already grappling with, including inflation, labor shortages and strained supply chains. Not good news. Ask Joe Biden what he has for plans. Joe Biden’s America
Source: WSJ - 🏆 98. / 63 Read more »

How small businesses can attract and retain top talent in 2022 - San Francisco Business TimesOffering great compensation isn't enough right now. Employers of all sizes are beginning to focus on other benefits as they seek to attract top-notch talent.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

ACE Awards 2022: Business Journal reveals fastest-growing, biggest companies in Phoenix area - Phoenix Business JournalThe Nov. 17 event drew more than 300 guests to the Scottsdale Center for the Performing Arts. Besides recognizing Arizona’s 50 largest private businesses and 25 fastest-growing businesses, four special awards were presented to CEO of the Year, Rookie of the Year, Innovator of the Year and Community Impact.
Source: phxbizjournal - 🏆 254. / 63 Read more »