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2 min read

Top 3 Reasons to Support Your Local Businesses

With major corporations getting larger and more powerful by the day, shopping local has become a trend that has gained momentum and popularity in the past few years. You might think it’s more important now to support your local businesses due to the pandemic, and that’s true, but you should patronize local businesses as much as you can even during the best of times. Shopping local impacts you and your community more than you think!

1. You’re Helping Your Community

Chances are, the small businesses in your town are privately owned and employed by people right in your backyard. They keep jobs where you live, and many offer better wages and benefits than the chain stores or larger businesses in your area. Plus, there’s something charming about a locally owned business, isn’t there? Think of your local coffee shop or hardware store. Each one is unique, unlike a commonly found big box store where every layout is sterile and exactly the same. Unique businesses give your town character and can give your area an economic advantage.

2. Helping Them Helps You

When was the last time you saw a Target store sponsor a local little league team? When did Walmart contribute a gift basket to your charity raffle? It’s the locally owned businesses that donate to the grassroots of the town. They are also impacted by important decisions made in your community and can help decide their outcomes, so they will do what’s best for the town instead of a large corporation influencing decisions from hundreds of miles away.

A rising tide raises all ships. If local businesses are prospering, so is the town as a whole. Once these businesses start closing up, it could create an overall decline in the community and result in lower real estate values and school budgets. The ripple effect of a local business closing can be much more damaging than you think.

3. They Have Limited Access to Capital

Your local Mom and Pop may have a harder time than larger corporations when it comes to accessing the capital they need to weather a storm like the COVID-19 pandemic or devastating natural disaster. Unless they contact businesses like SBG Funding to secure loans, they could be gone without your support.

Take the time to research locally owned businesses. If you can set a goal of visiting a new one every week or month, you might enjoy a town treasure you never knew existed or find a new favorite place to shop. Note the distinct character each of these businesses bring to your town, and support them not just monetarily, but by spreading the word about how great they are to others in your community! The more support they have, the more successful they and your town can be.

If you’re a local business owner in need of funding, we’re just a quick form or phone call away. We want to support you and are working hard to keep businesses just like yours stable during COVID-19! Contact us today.

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