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The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

Sector-Specific Debt Growth : Retail, hospitality, and construction businesses are seeing the highest increases in outstanding debt. Implementing a strong accounts receivable process, setting clear payment terms, and working with a commercial collection agency can ensure faster payment recovery.

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The Role of Tariffs in Small Business Debt

Burt and Associates

The Role of Trade Policies and Tariffs Trade policies, particularly tariffs, profoundly impact small businesses, especially those involved in manufacturing and retail sectors that depend on imported goods. Recent tariffs on imports from Canada, Mexico, and China have led to increased costs for raw materials and finished products.

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