Michigan Business Beat | Bank of America’s Annual Small Business Owner Report

Jeffrey Mosher speaks with Niveen Shatara, Vice President, Small Business of Bank of America Detroit, Bank of America, Troy, MI. Bank of America has recently released the Small Business Owner Report (SBOR) In their conversation Jeffrey looked to find out: Which economic factors are small business owners most concerned about? Have you seen any notable shifts in their concerns over the past year? How are major economic concerns like inflation, supply chain disruptions, and labor shortages impacting business owners? How is Bank of America addressing some of the issues and hardships that clients may face related to economic uncertainty? Bank of America is the #1 small business lender, with over 11 million business owner clients. Given the current state of small businesses, what will 2022 look like and where do you see opportunities for growth?