Much of what we are used to when it comes to business lending is likely to change in the new year. Many of the changes are due to the pandemic. The economy is recovering, but things are going to be different now.
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Ohio’s economic environment seems to provide a great market for new businesses. Ohio was second for opportunity share of new business owners. There is also an affordable cost of living.
But there are very few startup businesses per existing business. Also, the business tax climate is not too conducive to business interests.
The Arizona Department of Health Services can now waive licensing requirements to provide healthcare officials with assistance in delivering services. The Governor has communicated with the SBA, seeking an Economic Injury Disaster Loan declaration. This will make it possible to get government backed small business loans.
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