The annual Bank of America Study surveyed more than 2,000 small and mid-size business owners

The bank plans to hire 75 community managers by 2030 to serve areas with limited banking access

The average purchasing power for middle-income families in August was 102.2%, up from 101.5%

Half of lenders believe small- and mid-sized business lending fraud can be prevented

Majority of small business owners saw growth despite facing labor challenges

The bank is increasing branch locations in a bid to reach smaller towns and cities

The new survey found small businesses are spending an average of $13,000 per month on their credit cards

The ABA and ICBA have praised Congress’ decision to nullify the rule

Very few organizations have been successful in growing their relationships with this audience

The industry group said the expansion of the SBA 7(a) loan program would harm borrowers