This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

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.

sarayut | Getty Images

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.

Subscribe Now

Already have an account? Sign In