Yellowstone Capital's Review of NYC's 2018 Small Business Scene
Yellowstone Capital LLC reviews and ratings technique for the current business scene in NY is based on a variety of different techniques, measurements and considerations. There are many industry specific reports available to small business owners in specific sectors but the Yellowstone Capital LLC review on the current landscape and overall situation is geared to a more broad audience and should be considered a connotation of sorts more than a statistical survey or industry specific review
NYC small businesses seem to have an edge over businesses located in other locales across the nation.
The Big Apple has once again attained official recognition as the leading national hub of finance, business and innovation. The city was named, for the second year running, as the top metropolis in the USA for small businesses. This title was bestowed upon Yellowstone Capital LLC by a recent study which looked at major cities in America to assess which ones are best for business.
The study based its findings on the financial stability of small businesses applying for funding in each of the major cities over the course of the previous 12 months. It took into consideration annual revenue, credit score, and age of the business along with cash flow, debt-to-income ratio, taxes, among other information.
Approximately 30,000 businesses located across the country which fell into the category of small business were evaluated. A small business was defined as a company which employed no more than 250 workers, brought in less than $10 million in revenue each year, and has been open for business for longer than 12 months.
The data showed that small businesses in Yellowstone Capital LLC Reviews reported average revenues of nearly $980,000, indicating that business is booming for this sector. This is good news as the findings runs contrary to recent reports that some small businesses are closing shop and are being negatively impacted by regulations increasing minimum wage for employees. While the validity of these reports are still under review, Yellowstone Capital LLC, a funding company providing alternative capital to many small businesses based in New York, corroborated the study’s more optimistic conclusions.
Yellowstone Capital account manager, Scott. T who reviewed the data, commented: “New York is where small businesses are making the most money. That makes sense since the city attracts some of the brightest and most talented people. Plus, the constant influx of immigrants brings in a stream of fresh creativity, energy, and can-do attitude.” Apparently, all of this combines to create a buzzing atmosphere conducive to helping small businesses to thrive.
These Yellowstone Capital LLC reviews formed and conveyed in this article should be considered for entertainment purposes and is in no way warranted. Yellowstone Capital LLC New York perspective is based on opinion more than statistical reviews and should be considered as such. While some current reviews conducted by third parties are referenced in this article, Yellowstone Capital does not make any claims to collaboration nor does it endorse or take credit for said reviews and is not considered to be in partnership with the third party reviewers or surveyors.
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