New businesses are forming at a healthy clip.

Business Applications · year-over-year

Applications: 17.00% — Business applications are growing 17.0% a year.

High-Propensity Applications · year-over-year

High-propensity: 3.70% — High-propensity application volume is rising 3.7% a year.

High-Propensity Share of Applications

HP share: 28.00% — The high-propensity share of applications is 28.0%, down 3.6 points from a year ago.