Small Business, Big Impact
Small businesses play an indispensable role in the U.S. economy, accounting for 99.99% of all firms and contributing 43.5% of the nation’s GDP. In the past five years alone, 21.76 million small businesses have been established, reflecting a renewed emphasis on entrepreneurship and innovation. These businesses increasingly depend on digital solutions for managing finances, generating demand for accessible, efficient tools tailored to their unique needs. Small businesses represent a $150 billion revenue opportunity for financial institutions (FIs) in the United States, a growing market that underscores the need for scalable and user-friendly digital solutions.
This whitepaper explores the needs and challenges of modern small businesses and outlines how financial institutions can support their growth through technology-driven solutions.
