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Where Do I get the Capital For Growth?
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Where Do I get the Capital For Growth?

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This infographic shows ways small business owners typically get the funding they need.

This infographic shows ways small business owners typically get the funding they need.

Published in: Business

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  • 1. Where Do I Get the Capital for Growth? The Typical Way? From Outside Credit. 6%: outsider equity 32%: Business or personal loans 16%: line of credit ($1 trillion, with 90% via banks and finance companies) 18%: owner/family equity or loan 11%: business or personal credit card Uses of credit: Cash flow/Daily Pops 63% Real Estate/Structures 18.6 Replacement of Assets 32.5 New Assets 37.1 Debt Repayment 23.5 Reserve/Cushion 45.7 Inventory 37.5 18%: other ...But access and approvals are issues Outcome of most recent attempts for credit: Small businesses agree: 61% say that it’s harder to get loans today versus 4 years ago. Financing costs small business owners significant time & money... 5-6 months to secure a loan Typically Requires Visits to 5-6 Banks $2-20K Spent to Get Loans (and often rejected) And nearly all support making it easier for lenders to lend! 90% 77% 82% support making it easier for community banks and credit unions to lend to small businesses support creating incentives for community banks to lend more. support tighter credit card regulations, such as clearer disclosure of terms and caps on interest rates SOURCES: • Opinion Survey: Small Business Owner Opinions on Access to Credit and Proposals to Boost the Economy; http://www.smallbusinessmajority.org/small-business-research/access-to-credit/access-to-credit_opinion-poll.php • Biz2Credit Small Business Lending Index http://www.biz2credit.com/small-business-lending-index • NFIB Study: Small Business, Credit Access and a Lingering Recession http://www.nfib.com/research-foundation/surveys/credit-study-2012 • US Small Business Administration Office of Advocacy http://www.sba.gov/advocacy/