Small Business Trends Report Rebased by Guidant Financial Finds Number of Profitable Black-Owned Small Businesses Rises 5% Year Over Year
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: PR Web
BELLEVUE, Wash. (PRWEB) February 25, 2020 Seventy-two percent of black-owned small businesses are profitable, according to findings from the latest Small Business Trends report released by small business financing company Guidant Financial. This is a five percent yearly increase, with last year's report showing 69 percent of black small businesses as profitable.The report's findings are based on the annual Small Business Trends survey conducted by the Small Business Trends Alliance (SBTA), a group of companies dedicated to supporting small businesses with data insights. The SBTA teamed up to conduct a joint survey of over 3,100 current and aspiring small business owners across the nation. "This data includes businesses who are only operating in their first or second full year, so the numbers are likely even better than what is being reported today," said David Nilssen, CEO of Guidant Financial. "It's exciting to see that any entrepreneur can achieve success when they execute on their
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