Statistic Brain recently published this great data set which they gleaned from the U.S. Census Bureau (research date: 11/27/2012). We put together this graph to show a visual representation of the numbers.

Business Funding Source Statistics from the US Census

 

Source of Funding Percent of Business’ Total Employed Annual Revenue
Personal savings 60.3 % 26,898,009 4,849 Million
Personal assets other than savings 7.7 % 5,451,017 966 Million
Personal home equity loan 5.6 % 3,174,141 445 Million
Personal credit card 10.4 % 3,030,785 390 Million
Business loan from government 0.7 % 925,697 141 Million
Government guaranteed bank loan 0.7 % 906,246 126 Million
Business loan from a bank 10.7 % 16,102,835 3,174 Million
Loan / investment from family / friends 2.6 % 3,406,730 563 Million
Investment by venture capitalist 0.4 % 3,642,472 812 Million
Grant 0.4 % 1,201,932 94 Million
Other 2.3 % 8,775,476 3,000 Million
Don’t know 4 % 22,186,151 6,637 Million
None needed 20.8 % 16,664,655 4,860 Million

 

Personal Savings Funded Business Statistics  
Percent that are female owned 54.4 %
Percent that are male owned 31.8 %
Percent that are equally owned 12.6 %
Credit Card Funded Business Statistics  
Percent that are female owned 2.7 %
Percent that are male owned 4.9 %
Percent that are equally owned 2.3 %
Venture Capitalist Funded Business Statistics  
Percent that are female owned 0.1 %
Percent that are male owned 0.4 %
Percent that are equally owned 0.2 %

The National Small Business Association released the following results of a survey they conducted in 2012 on small business access to capital.

Small Business Access to Capital SurveypdfAccess-to-Capital-Survey.pdf

{pdf=http://www.wsbaohio.org/images/documents/Access-to-Capital-Survey.pdf|650|800}

Funding is a great way for you to get your new business on its feet or to help your growing business continue on its journey towards success.

There are incredible resources available to assist small businesses within Ohio. The greatest challenge is how and where to find them. As micro and small business owners, our success is increased when we surround ourselves with valuable resources. That's why we have compiled a list of resources to help you reach and exceed your business goals by understanding your options and potentially securing funding.

Read the list of resources!

Subcategories