A new report from online business banking company Relay found 88% of small businesses are currently facing cash flow disruptions.
Relay's Cash Flow Compass report surveyed over 1,000 U.S. small business owners to unpack their money management trends.
Thirty-three percent are unprepared to handle a financial or economic downturn, with inflation and tariff actions cited as the top two economic factors impacting businesses today.
Of those in skilled trades, 53% describe the current economic climate negatively, as “uncertain” or “challenging.”
In the trades field, 40% want to hire new employees, yet 47% say rising costs of things such as materials have made it challenging to achieve consistent profitability.
Read the full report here.
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