It’s unfortunate but true: unexpected financial emergencies happen all the time to small businesses. Another unfortunate truth: most small businesses are not prepared to weather a prolonged financial emergency. JP Morgan Chase estimates that the average small business has 27 days of cash in reserve, while many small brick-and-mortar stores may have less than 20 […]
Sally Lauckner is the editor-in-chief at Fundera, a marketplace for small business financial solutions. With over a decade of experience in print and online journalism, Sally has written and edited extensively on small business and personal finance. Sally has a master's degree in journalism from New York University and a bachelor's degree in English and history from Columbia University.