SMALL BUSINESS FINANCIAL STATISTICS
- As a whole, only 48% of small businesses in the U.S. have their financing needs met.
That number includes the 20% of small businesses that achieved financing through loans and 28% that didn’t have sufficient capital without loans. On the other hand, a considerable 52% of small businesses receive no financing, only receive a portion of the financing they need or have too much debt to apply for loans.
- At least 70% of small businesses in the U.S. have outstanding debt.
While that means nearly 3/4 of small businesses are in debt in the U.S., it’s also important to note the varying amounts of debt. 38% of small businesses with debt owe less than $100,000, with that number being divided into 17% owing $1 to $25,000 and 21% owing between $25,000 to $100,000.