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U.S. small businesses facing challenges like increasing prices, high interest rates and stricter credit standards remain determined to secure funding, as 67% plan to pursue financing in the next year, according to a NerdWallet survey. To navigate the difficult lending landscape, NerdWallet offers tips to strengthen your application profiles, such as improving credit scores and offering collateral; advice on seeking expert advice from organizations like SCORE and local Small Business Development Centers; and more.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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