This is the Executive Summary of U.S. Economic and Regulatory Highlights from the Experian Commercial Pulse: Small Business Insights for May 2025. For more in depth information regarding this article, download the entire report here. The advance estimate for Q1 2025 GDP showed the U.S. economy shrunk at an annual rate of 0.3%, a drop from the 2.4% growth recorded in Q4 and marking the first contraction since Q1 2022, as imports surged ahead of anticipated new tariffs being imposed. Q1 GDP grew
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If you are a business owner and have applied for a loan, you have likely been asked by your lender to submit business financial information and personal financial information. The business financial information can come in the form of prior year tax returns and business financial statements prepared by the accountant. Personal financial information can be personal tax returns and a personal financial statement. The personal financial statement will ask about the individual’s assets and any
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Press Release: Beecher, IL. (May 6, 2025) — First Community Bank and Trust (FCBT) and the Independent Community Bankers of America (ICBA) encourage Americans to reinvest in their local community by shopping with small businesses during National Small Business Week, May 4-10, 2025. Small businesses account for two out of every three jobs added to the economy.  “At the center of our commitment to fostering local prosperity is empowering small businesses,” says Cameron Ohlendorf,
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