Small Businesses Starved for Funding

ByJeanne Cole

According to a recent article in a newsletter from the Center for Rural Affairs, “A new survey shows a lack of available capital for small and start-up businesses!” The survey was conducted by the national Association for the Self-Employed also revealed that the primary sources of funding for new small businesses are credit cards and personal savings. Only 6% employed loans from financial institutions or government as primary sources of start-up captial.
Obstacles they faced to gaining capital included:

  • Credit rating
  • lack of collateral
  • bank regulations & paperwork

For more on this issue or to receive a free newsletter visit the web site at www.cfra.org or email to info@cfra.org

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3 Comments

  1. An interesting suvey! Only 6%? Wow!

    The list of obstacles is deadly accurate. Is this an opportunity to organize rural angel networks to lend to/invest in small biz?

  2. Pingback: Small Business Financing: Invoice Factoring
  3. Pingback: Raising Money From Family and Friends

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