As small business owners are beginning to bounce back after the pandemic, some are continuing to struggle amid the recent inflation and supple chain issues we are facing. In a recent study, a whopping 89% of small businesses admitted they just didn’t have access to the cash flow needed to continue the growth they desired and keep their businesses afloat. And although owners are aware of business credit, this same study suggested 62% were unaware of how to check their credit score. With not being able to check their credit score, they are unable to use other resources that could be provided if they were aware.

More recently, banks and other financial institutions are beginning to understand the importance of having a digital platform that addresses all their customer’s needs. From improving the ease of use, to providing one on one customer support, banks are evolving with the times and becoming more tech savvy and customer focused. The need to educate their customers of the benefits of credit is of equal importance. Acting as a mentor, they can provide knowledge to business owners on how to easily access credit. Having credit can make all the difference to a business when money is tight.  Remaining afloat when unexpected expenses arise is critical to a business.