21 Ways to Quickly Fund Your Business Growth Pre-funding your growth can reduce financial stress and give you time to reap its rewards.
By Leslie Hassler •
Opinions expressed by Entrepreneur contributors are their own.
In a 2020 Small Business Credit Survey released by a collective of Federal Reserve Banks, it was reported that 66 percent of businesses faced financial challenges in 2019. Yet 57 percent did not apply for financing or third-party funding.
The top reasons given by those that either did not apply or approved funding but declined it included:
- Cost/interest rate too high
- Unfavorable repayment terms
- Amount offered was too small
- Collateral requirements
- Debt-averse
- Found enough funding from other sources
The rest of this article is locked.
Join Entrepreneur+ today for access.
Already have an account? Sign In