Nonemployer firms are less likely to be profitable than their employer firm counterparts, and they face more substantial challenges accessing credit.| www.fedsmallbusiness.org
Small business revenue, employment, and profitability each improved from 2021, but expectations worsened year-over-year. With the end of pandemic-related funding programs, the application rate for traditional financing rebounded to prepandemic levels.| www.fedsmallbusiness.org