In 2013, small business borrowing amounted to about $1 trillion—$585 billion in business loans outstanding, $422 billion in credit from finance companies and the rest from a mix of sources. As capital becomes more accessible again, small businesses are continuing on their growth trajectory for 2015. 

As a recap from our previous article, small businesses in the U.S. employ the majority of the nation’s private workforce with 56.1 million people. Compared to the 51.6 million employees in the enterprise sector, these figures alone show how impactful small business employment is on our economy and people.

Financing and cash flow management are huge concerns for small businesses, particularly because they are more vulnerable to distractions and bankruptcies than their fellow big guy counterparts. Commercial banks have eased their lending conditions and terms, though it’s still relatively tight compared to pre-recession conditions.