New survey dashes myths about small-business funding

08/30/2010 | CFO.com

Newly formed businesses are far more likely to rely on owner-backed loans, business bank loans and business credit lines to finance their debts than on funds from family or friends, according to new data on nearly 4,000 small startups from the National Bureau of Economic Research. Only one in four new entrepreneurs use their personal credit cards to finance their business, the survey found.

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