Swoop State of Business Survey 2024

There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it

Each year, we survey our SMB customers to find out what matters to them, how they feel about the current and future state of business in North America and where they see the next year going.

The report highlights the following:

  • Generally more optimism than RoW results last year
  • Managing cash flow is a big challenge for business owners
  • Traditional banks are being edged out by family/ friends and online lenders

Broadly, this snapshot of SMBs in North America suggests a very positive attitude, though there are still opportunities for business owners to be better informed.

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Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.

Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.

Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.

State-Specific Disclosures:

Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.

Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com

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