Small Business is our Business

WHERE DO START-UPS GET FINANCING?

Personal savings is the source of start-up capital for 3 out of 5 surveyed for the Small Business Barometer sponsored by Western Union Payments. The majority of the people surveyed own businesses with fewer than 20 employees and less than $500,00 in revenues.

Sources of financing  include:

*Personal Savings    60%

*Personal Loan   17%

*Bank Loan  9%

*Borrowed from Family    8%

*SBA loan   2%

This survey was conducted in February 2012.

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