The State of Small Business Finances: A 2023 Outlook Survey

Introduction

Management Processes

Approximately how much time does your small business spend on expense management processes?

Do you earn any interest on idle cash in your business banking?

How often do you identify mistakes in your expense management process?

Interest rates

How concerned are you about the impact of rising interest rates on your business in 2023?

Do you fear rising interest rates could potentially put your small business out of business in 2023?

Business Credit

How many business credit cards does your business have?

Payments and Invoicing

Over the past few quarters, have you seen an increase in customers paying later or not at all?

How often do you receive payment within 30 days of invoicing?

Lending and Expenses

As a small business owner, have you ever relied on your personal credit to qualify for a loan?

As a small business owner, are you regularly using your own money to cover the cost of supplies?

As a small business owner, do you feel you have sufficient access to credit to get you through 2023?

Survey demographics

‍