Biz2Credit 2024 Small Business Earnings Report
About the Biz2Credit Small Business Earnings Report
Biz2Credit's Small Business Earnings Index examines the financial situations of businesses that used Biz2Credit to apply for business credit.
The study looks at the performance of small to mid-sized firms -- from early stage to established companies -- in the U.S. that applied for credit in the past year. It's intended to provide a snapshot of the financial health of businesses nationwide across a wide range of industries.
Key Findings for 2024
2024 were $83,083.
were highest in the month of July.
avg. earnings are lower by $67,834 ($83,083 - $150,917)
avg. expenses are up $300,233 ($664,525 - $364,292)
avg. revenues are up $232,400 ($747,608 - $515,208)
dropped by $63,000 compared to
December 2023 ($42,100 - $105,100)
~ 2.9%, but still below the average rate
for 2023(4.1%) and 2022 (8%).
Methodology
Biz2Credit examined over 100,000 financing applications received in 2024. Looking at a number of variables in their Earnings Index report, including annual revenue, operating expenses, age of business, credit score, approval rate, and funding rate. Data was extracted from non-PPP loans submitted from January 2022 to December 2024.
Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC. This is not a deposit product. California residents: Itria Ventures LLC is licensed by the Department of Financial Protection and Innovation. Loans are made or arranged pursuant to California Financing Law License # 60DBO-35839