6. Insufficient financing: 2nd most
common reason for business failure
- SBA
Most small business owners rely solely
on personal funds and credit for
financing
#Creditera
#SmallBizLove
Insufficient financing: 2nd most
common reason for business failure
- SBA
Most small business owners rely solely
on personal funds and credit for
financing
#Creditera
#SmallBizLove
DID YOU KNOW?
7. 23% of SMBs that
were turned down for funding
don’t know why their application
was denied
8.
9. 72% of small
business owners
don’t know how to find
information about their business
credit
10.
11.
12.
13.
14.
15.
16. SMB owners who understand
their business credit score are
41% more likely to
be accepted when they apply
for a business loan.
20. Creditera & SBDC
– Creditera-led Webinars
– Creditera-supplied small business credit training materials
– Promotion of SBDC services to local Creditera customers
– “Access to Capital” and “Starting a Small Business” panel
participation
– Train-the-Trainer for Small Business counselors /
consultants
– Website credit education content