Thread by @EarlShayOFAGa

There are 30.7M small businesses in the U.S. which account for 99.9% of all U.S. businesses (SBA, 2019)

SBA defines a #SmallBusiness as a firm having fewer than 500 employees.
This means that many highly valued startups in the U.S fit within this definition of small businesses.

The definition of a #SmallBusiness varies across the world.

For comparison, in the European Union any business that has fewer than 50 employees is considered a small business.

In Australia, companies with fewer than 15 employees are considered small businesses.

#SmallBusiness stats show that most businesses in America have fewer than 500 employees.

Those businesses with fewer than 100 employees account for 98.2% and those w/fewer than 20 employees account for 89%of all businesses in the country.

➡️98.2% have FEWER THAN 100 EMPLOYEES

WHAT ABOUT US PEONS➖WE GET SCREWED AGAIN
BY THE BIG GUYS ⁉️

Businesses w/fewer than 100 employees account for 98.2% Businesses w/fewer than 20 employees account for 89% of all businesses in the country.

➡️ 98.2% have FEWER THAN 100 EMPLOYEES
➡️ 89% have FEWER THAN 20 EMPLOYEES

With so many #SmallBusinesses in the U.S., it’s no surprise that small businesses👉'generate the majority of jobs in the United States.'👈

According to the SBA, small companies create 1.5M jobs annually and account for 64% of new jobs created in the U.S. (Fundera, 2019).

Past year stats show #SmallBusinesses have always been an👉integral part of the U.S.’s economy & growth.👈

They offer job opportunities, financial growth & an array of unique products/services.

Whether or not they become larger corporations they contribute to economic growth.

Over 90% of the business population represents small- and medium-sized businesses, also known as SMEs (SalesForce, 2019).

And as the last statistics showed,👉small companies are responsible for creating a large number of jobs.👈

➡️#SmallBusinesses GET THE SHAFT ‼️

The Bank sent our #SmallBusiness an email, it stated this below⤵️

"NO #SmallBusinessRelief FOR YOU" because the #DemocratsHateAmerica and TO HELL WITH US IN THE MIDDLE CLASS WHO RUN INDEPENDENTLY ‼️

Where's the oversight ⁉️
WHY did so many large companies receive funding ⁉️

More than 50% of small enterprises fail in the very 1st year & more than 95% of small startups fail within the first 5 years. (Convergehub, 2019)

Since its formation in 1998, our company has established itself as an affordable, low-cost high-quality trustworthy #SmallBusiness✔️

The primary reason that new businesses fail is because of a lack of market demand. In fact, 42 percent of small businesses fail because of this reason (CB Insights, 2019)

🤔[Interesting b/c it used to be that the #1 reason for failure was 'bad location']🤔

THE 2nd REASON ...??

The next most likely reason that new businesses fail is b/c they run out of cash.💰
Statistics show that 29% of new businesses reportedly failed because of lack of 💲finance💲 #PPP

➡️Established #SmallBusinesses NEED HELP TOO✔️

Thank you! Oberlo👍
@OberloApp
➡️GREAT INFO⬅️

#PPPFail
#SmallBusiness
#SmallBusinessRelief