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16 The State of American Finances

If Capital Availability is a Problem for Your Business What is the Effect on your Operations?

December 2014
Unable to grow business or expand operations 34%
Unable to finance increased sales 18%
Reduced the number of employees 16%
Unable to increase inventory to meet demand 13%
Reduced benefits to employees 11%
Other 1%
Closed stores or branches 1%
Not a problem/No effects 56%

Source: National Small Business Administration 2014 Year-End Economic Report

  • 61% of small businesses report being impacted by the credit-crunch
  • 35%

    credit cards
    of small businesses report using credit cards as a means to meet capital needs
  • 76%

    of small business owners have debt
  • among small businesses who carry debt, the average amount of debt is $933,985
  • 13%

    approximate interest on primary business-related credit cards

The estimated total of small business debt, including loans, credit cards, property mortgage, invoices owed, etc.

December 2014
Debt 1 to 50k 33%
Debt 51k to 100k 13%
Debt 101k to 500k 30%
Debt 501k to 1mil 9%
Debt more than 1mil 14%

Source: National Small Business Administration 2014 Year-End Economic Report

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