th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Where small businesses are finding money (Infographic)

Where do small businesses get their funding? Take a look at this infographic.
By Kathleen Davis |

 

Access to capital is one of the most important factors in successfully starting or growing your business, but finding enough money may be a problem for many small-business owners. According to a 2012 survey from the National Small Business Association (NSBA), 47% of small businesses were unable to find a lender in the previous four years.

 

Those founders that did secure funds did so largely through banks, with 60% getting loans from large banks, and 47% from smaller community banks.

 

While the majority of small-business owners surveyed didn't have to close their businesses due to lack of money, more than half (53%) reported that it hindered growth or expansion.

 

Related: Entrepreneurs see brighter days for their business, not the economy


For more details on how small businesses are finding loans, take a look at the infographic below from accounting software firm Intuit.

 

small business money access

 

*****

Copyright 2013 Entrepreneur Media, Inc. All rights reserved.
This article originally appeared on Entrepreneur.com. Minor edits have been done by the Entrepreneur.com.ph editor.

Latest Articles

Close