Record low-interest rates, trillions of dollars in government stimulus spending, and pent-up demand from consumers who have been burdened by pandemic restrictions for the last 18 months add up to a recipe for a robust economic expansion, unlike anything we’ve seen in our lifetimes. Moreover, over 99% of American businesses are small businesses, and they employ almost 50% of all workers across the country, so their participation is critical to sustained growth.
As the economic recovery kicks into high gear, these two stocks will benefit from an influx of new small-to-medium-sized businesses. Both companies offer software that makes the tedious parts of running a business more seamless, helping with managing payables and bookkeeping. They’re both already delivering robust growth.
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