Source of funding

Scott Brogan · #1 (**permalink**) 11-27-2007, 07:56 AM

In the WSJ yesterday they had a survey of small business owners, regarding their source of financing in the previous 12 months:

44% Credit Cards
43% Earnings of business
29% Bank Loan
22% Private Loan
18% Vendor Credit
7 % Leasing

How do these numbers match your business financing?

Redc · #2 (**permalink**) 11-30-2007, 08:19 AM

I cant believe that so many people use their credit cards - talking about living on the edge

Dgrowth · #3 (**permalink**) 12-06-2007, 07:15 AM

Quote:

Originally Posted by Redc

I cant believe that so many people use their credit cards - talking about living on the edge

I agree what a bad way to run a business

salisbury · #4 (**permalink**) 02-12-2008, 06:21 AM

Quote:

Originally Posted by Scott Brogan

In the WSJ yesterday they had a survey of small business owners, regarding their source of financing in the previous 12 months:

44% Credit Cards
43% Earnings of business
29% Bank Loan
22% Private Loan
18% Vendor Credit
7 % Leasing

How do these numbers match your business financing?

I wonder how these numbers have changed sinced the credit crisis I bet even more people are taking loans out against their credit card

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