Biz2Credit Small Business Earnings Report™
About the Report
Biz2Credit Small Business Earnings Report examines the financial performance of businesses that applied for credit from Biz2Credit.
The study looks at the performance of small to mid-sized firms -- from early stage to established companies in the U.S. that applied for funding. It's intended to provide a snapshot of the financial health of businesses nationwide across a wide range of industries.
Key Findings
Small Business Earnings Report
Small businesses are exiting the warm months on a high note, as earnings continue its collective climb throughout the year.
Now, businesses are preparing for the coming holidays, which is expected to be another record breaking year from consumers.
Avg. Small Business Earnings 2025 (Year-to-date)
Top 5 Industries by Average Earnings
The U.S. wholesale trade industry is growing steadily in 2025, with strong sales and solid contributions to the economy. Wholesale distributors in particular are seeing healthy momentum, supported by resilient consumer demand.
For the rest of 2025, wholesale trade is expected to maintain moderate growth, especially in areas like pharmaceuticals, electronics, and food distribution, even as global headwinds may limit gains.
Takeaways
Circumstances continue to slowly improve for American small businesses as optimism continues its climb upward amid likely rate cuts by the Federal Reserve. However, labor quality continues to be a stinging issue for owners looking to hire. Despite an uptick in unemployment, 32% of small business owners report being unable to fill job openings.
The remaining months of 2025 will be highlighted by the remaining three Federal Reserve meetings, consumer spending during the holiday season, and continue tariff negotiations from the White House.
Methodology
Biz2Credit pulled over 100,000 complete financing applications submitted between January 2022 and August 2025. This report examines a number of variables including annual revenue, operating expenses, age of business, credit score, approval rate, and funding rate.
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Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC. This is not a deposit product. California residents: Itria Ventures LLC is licensed by the Department of Financial Protection and Innovation. Loans are made or arranged pursuant to California Financing Law License # 60DBO-35839
