In today’s economic climate, small business owners are increasingly turning to credit cards as a primary means of financing. With traditional lending options becoming more restrictive due to rising interest rates and inflation, credit cards offer immediate access to funds, helping businesses manage cash flow gaps and unforeseen expenses.
Proposed reductions to the Supplemental Nutrition Assistance Program (SNAP) could have significant implications for small businesses, particularly those in the food and retail sectors. As SNAP benefits decrease, consumer purchasing power diminishes, leading to potential declines in sales for businesses that rely on SNAP recipients as a customer base.
Disclaimer: Artesian Skyline Capital is a commercial loan brokerage, not a direct lender. We partner with select lenders to offer financing options tailored to small business needs. Loan terms and approval are subject to each lender’s underwriting criteria.