Did you know there are an estimated 21.5 million small businesses in the United States? Those same small businesses contribute 44% of all business in the United States. This is phenomenal. One would think it would be less than that simply because of the large corporations. It just goes to show you that small businesses are favored among the citizens of the United States.

It would be nice if banks would favor small businesses over large corporations when it comes to lending money. The recent economic crisis has made it harder for small businesses to operate when the credit card companies have lowered limits on some without notifying them.

A lot of small businesses operate by using a credit card to pay off all expenses at the end of each month. Some credit card companies have lowered limits, which is causing some small businesses’ credit scores to go down. This in spite of having payments on time. This has caused a snowball effect. Now their credit score is lowered and they can’t get banks to help with any lending issues they have in order to purchase new equipment and the like.

This is a direct result of why some businesses go out of business. They can’t get any cooperation. Since small businesses represent 44% of all business, then maybe shoppers can try to be a little more loyal to their local businesses.

It used to be that everyone shopped locally, which in turn kept dollars in the local market. Now, with a lot of things being shipped from overseas, the local dollars don’t stay locally much.

Try to keep your customers by offering a little extra for the holiday season. It gets awfully tiring having to shop for gifts so why not offer free drinks and/or a place to sit and rest? This way, they are in your store and while they are resting their tired feet, they are looking over your merchandise. They may very well see something they want and will get it there before traveling on.

All it takes is a little customer service and going out of your way for the customers. Don’t be a scrooge, take your customers back from the big corporations. You will be surprised at how well this works. Then, you might not need to speak with a lender.