Fastpoint :: Newsroom
Only 51% of Businesses Survive at Least Five Years.
September 27, 2010 | Tempe, Arizona | According to the latest census data on small businesses Only 51% of all small businesses will see their fifth year in operation. Small businesses play a key role in the nation's economy, but if bankruptcies continue to climb and small businesses steadily go under, this recession could take longer to end.
96% of the Nations Banks Have Tightened Lending Restrictions for Small Businesses.
September 10, 2010 | Tempe, Arizona | 96% of America's banks have increased the restrictions on small business loans or maintained their already overly tight restrictions. These strict lending practices are hurting small businesses and the economy.
More than 300 businesses filing for bankruptcy today.
September 1, 2010 | Tempe, Arizona | Based on a shocking trend in the economy since last year, more than 300 small businesses will apply for bankruptcy today. In 2009 more than 300 business owners filed for bankruptcy protection on average each day, and the numbers are looking worse for 2010.
