Small Business Shuns Outside Financing


Small Business Shuns Outside Financing
E ighty-one percent of small business owners said they have never received outside equity or debt financing, according to a survey by SurePayroll. More than half (55%) of respondents said they had no need and no future plans for external funding.

For those businesses that tapped outside capital, debt financing was most popular, with 40% financing growth through debt and only 29% using equity financing. The remaining respondents obtained a combination of the two.

Source: www.surepayroll.com .

JOB SECURITY

SPONSORED QUIZ

How well do you know small business?

There are over 30 million small businesses in the U.S., and many of them are optimistic in their outlook. Are you familiar with the obstacles and opportunities they are facing? Test your small business acumen with this quiz sponsored by Chase Ink®.

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.