Big companies dominate the news, but in reality many Americans interact with small businesses every day which, in turn, can drive economic growth in communities, generate local employment, and help promote a high quality of life.

BUSINESSHUB.SANTANDERBANK.COM Small Business is a BIG DEAL

Small businesses are vital to the U.S. economy, providing goods, services and jobs to millions of people.

¹ https://www.sba.gov/sites/default/files/advocacy/SB-FAQ-2016_WEB.pdf 2 Ibid 3 http://www.adpemploymentreport.com/2017/February/SBS/SBS-NER-February-2017.aspx 4 http://www.prnewswire.com/news-releases/score-infographic-american-consumers-support-small-businesses-300368069.html

Small Business is a

BIG DEAL.

As of 2013, 99.7 percent of U.S. firms with paid employees were small businesses.2

Small businesses, big employmentIn a world of big brands and bigger companies, you may be surprised to learn that 99.7 percent of U.S. firms with paid employees are small businesses.1

99.7% According to ADP, one of the largest payroll companies in the country, private sector firms with less than 50 employees accounted for 51.6 million jobs (42% of all private sector jobs) as of February 2017.3 That’s big business.

51.6 million jobs

Small Businesses have community impactSmall businesses are the heartbeat of local communities. For many people, they are an important part of daily life for things like grocery shopping, dining at restaurants, and purchasing clothes.

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SCORE, a nonprofit association focused on small businesses recently found that 90 percent of Americans shop at small businesses at least once a week.4

90%

Small businesses have global reachExports provide a valuable boost to the American economy. In 2014 alone, the International Trade Administration recorded that small-to-medium enterprises represented 98 percent of U.S. exporters.6

As small businesses continue to grow and prosper, so will our local communities. There’s nothing small about them. Small businesses are a BIG DEAL!

We start with your business, not banking.

Banking for your business should help you manage your finances better, grow when and how you want to, give you peace of mind and save you time. So, instead of starting with a list of products we can sell you, we begin with your business. What you want to do. What you need. Even what’s holding you back. Understanding your needs comes first. Applying our know-how is next. Santander Business Banking is about delivering what you need, when you need it.

Talk to us today about how we can help or visit santander.com/us/business to learn more.

This article is intended for informational purposes only. Readers should consult their own financial advisers, attorneys or other tax advisors regarding any financial or tax strategies mentioned in this article. Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. ©2017 Santander Bank, N.A. All rights reserved. Santander, Santander Bank, and the Flame Logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners.18709 05/17

BUSINESSHUB.SANTANDERBANK.COM Small Business is a BIG DEAL

55%

53%

66%

63 %

These businesses accounted for a whopping 33 percent of the nation’s total export value.7 Not bad for “small” business operations.

Small businesses are powerful!Not only do small businesses support local communities and drive the economy, they also rank highly in customer service and satisfaction: 53 percent prefer the customer service experience at small businesses.8

According to the National Small Business Association,

72 percent of small businesses are confident in the future of their

own business.9

5 Ibid6 http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/

tg_ian_005369.pdf 7 http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/

tg_ian_005369.pdf 8 http://www.prnewswire.com/news-releases/score-infographic-american-consumers-

support-small-businesses-300368069.html 9 http://www.nsba.biz/wp-content/uploads/2016/09/Mid-Year-Economic-Report-2016.pdf

of consumers want to support local businesses

Small businesses are part of a quiet, yet powerful cycle: Local shopping results in

local employment providing local incomes that are spent where? Locally.4

sixty-six percentof consumers appreciate the convenience of shopping at local small businesses. While the popularity of online shopping is undeniable, it can never replace the local shopping experience — dropping off a pair of boots to be re-soled, rushing a pet to the vet and any of the countless other conveniences we experience as part of daily life.5