June 2022

Quarterly State of Small Business Report

Interest Rate Hikes and SMB Worries

As inflation continues impacting the way small business owners are thinking about their next move both internally or externally, interest rates are now another factor hitting businesses hard. We dig into how businesses are preparing for a recession and their current perspectives while navigating changing dynamics in the labor market.

About the report

The report focuses on how small businesses are being impacted by higher than average inflation, interest rate hikes, impending recession and what actions they are taking-–as well as their outlook and expectations for the remainder of 2022 and beyond.

About Veem

Veem helps small businesses save time and optimize cash flow by simplifying the way they send and receive payments domestically and internationally. Trusted by more than 600,000 users in over 100 countries, Veem uncomplicates the end-to-end AP/AR process with seamless integrations to leading accounting software, real-time tracking on payments and cost-effective, flexible payment options. Now businesses have the power to pay how they prefer and eliminate friction with customers to get paid faster.