Do you believe the process of acquiring financing for your business was
overly difficult or appropriately demanding? |
||||
Overly Difficult |
Appropriately Demanding |
Sample Size |
||
Entire Sample |
31.4 |
68.6 |
360 |
|
Location |
Rural |
31.5 |
68.5 |
143 |
Urban |
31.6 |
68.4 |
212 |
|
Loan Type |
SBA guarantee |
52.2 |
47.8 |
23 |
Not a SBA loan |
25.4 |
74.6 |
189 |
|
Largea (over $43,500) |
29.5 |
70.5 |
105 |
|
Small (under $43,500) |
27.7 |
72.3 |
101 |
|
Bank |
Locally Owned |
28.1 |
71.9 |
153 |
Multi-State/National |
27.6 |
72.4 |
58 |
|
Gender |
Female |
35.7 |
64.3 |
70 |
Male |
31.6 |
68.4 |
263 |
|
Business Plan |
Had a written plan |
35.9 |
64.2 |
159 |
Did not have one |
27.6 |
72.4 |
199 |
|
Experience |
Their first business |
31.9 |
68.1 |
216 |
Started more than one |
29.8 |
70.2 |
141 |
|
| aThe size
of the loan is defined here by whether it is greater or less than the median (or $43,500).
Source: Survey of Small Business Owners, Kentucky Long-Term Policy Research Center, 1997 |
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