A.R Discovery: Small Business Loans Contributes to New Jersey’s Economic Growth

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A 16 percent increase in approved loans for New Jersey’s small businesses has prompted A.R Discovery to review the benefits this can have on the state’s economic growth.

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New Jersey is supporting the growing entrepreneurial spirit of the state, encouraging innovation and creativity and allowing residents to benefit from a wide range of talented home grown enterprises.

The number of small business loans approved in Jersey increased by 16 percent during the September to October period, with the US Small Business Administration releasing a total of $654 million to the states small business owners. With 1,347 small businesses across New Jersey reportedly receiving loans, the recent report comes as great news for the states growing population of entrepreneurs, who may be looking to start their own businesses ventures in the New Year. New Jersey based sales and marketing firm A.R Discovery believe that the news sparks an exciting time for New Jersey and are confident that the states willingness to support new businesses will help to promote the many benefits of small business ownership.

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International: http://www.ardiscoveryinternational.com/

The increase and availability of small business loans could see a dramatic increase in the number of people taking the plunge and setting up their own businesses. Funding has always been a major barrier for potential business owners, with many being forced to seek out private investors or turn to crowd funding projects in order to raise vital funds. Securing cash in this way is often an incredibly lengthy process and in the past has put a number of entrepreneurs off starting their business ventures. By making small business loans more readily available, New Jersey is supporting the growing entrepreneurial spirit of the state, encouraging innovation and creativity and allowing residents to benefit from a wide range of talented home grown enterprises.

Boosting the availability of small business loans is set to have a substantial impact on New Jersey’s economic state. By supporting emerging businesses more jobs are being created, helping to reduce unemployment, especially among graduates and school leavers who may be finding it difficult to successfully land fulfilling job roles. The increase in small business loans is also likely to drive more spending in the state and encourage consumers to support local businesses within their communities. By allowing small businesses to thrive, New Jersey is paving the way for healthier economic growth, encouraging more investments in the state that could spur production and help put New Jersey on the business map.

A.R Discovery are confident that the increase of small business loans across New Jersey will help the state achieve substantial growth, and are excited to see a wealth of new home grown businesses emerge in 2015.

A.R Discovery are experts in direct marketing and provide a full range of marketing services to US businesses. The firm bridge the gap between brands and consumers by meeting with consumers directly to establish an open and honest line of communication. using their specialist market knowledge and vast experience within the industry, A.R Discovery help their clients by creating and implementing engaging marketing campaigns designed to connect with each consumer on a highly personal level. These connections help the firm to collect valuable feedback, from which their clients can work to ensure their products and services fully meet the needs of their target demographic. By personalising the customer experience, A.R Discovery is able to increase their clients’ customer acquisition, retention and overall ROI.

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Gary Mckinney
@AR_Discovery
since: 10/2014
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