Biz2Credit's 2024 Top Small Business Industry Study Finds Manufacturing Leads Other Sectors in Most Financial Measures [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
The study found that Manufacturing companies achieved the highest average revenue ($1,211,760), the highest average credit scores (676), and had the longest established businesses (oldest average age of business, 8.8 years). In other sectors: Healthcare & Social Assistance had the highest funding approval rate (46%), Retail Trade received the highest volume of funding (20%), and Information Technology secured the highest average funding amount ($98,311). “A combination of a steady economy and government incentives have helped boost domestic manufacturing, which led three categories our study analyzed,” said Rohit Arora, CEO of Biz2Credit and one of the nation's leading experts in small business finance. “Laws such as the CHIPS Act and the Infrastructure Act have provided financial incentives to boost domestic manufacturing, particularly in technology, which has helped small manufacturers.” Biz2Credit, a leading online funding provider for small businesses, analyzed the finan
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