Small-Business Challenges (Infographic ...

OnDeck Main Street Pulse Report OVER THE NEXT 6 MONTHS of Small Business 40% expect to Owners Believe the Economy is Getting Better 73% + INCREASE employee count #1 Challenge: Access to Capital Median Capital Needed: ONLY $44,000 45% of businesses DO NOT SEEK financing 55% of businesses SEEK financing Of those who applied, 64% didn't get any financing Did not need 15% Needed Capital, But Didn't Think APPLIED 30% 55% Of those who They Could Get Approved DENIED applied, 82% were denied by their bank Despite challenges, small businesses remain focused on growth. TOP 3 SMALL BUSINESS CHALLENGES #1 #2 #3 %24 Асcess to Capital Growing My Sales Dealing with Taxes 84% OF SMALL BUSINESS OWNERS USE FUNDING FOR GROWTH CAPITAL. OF THOSE... 24 16% use it for inventory & equipment purchases 29% use it for 39% use it for expansion working capital ..AND, THEY ARE ACTIVELY PURSUING NEW CUSTOMERS Word of Mouth Marketing is the #1 SOURCE for new business. Followed by #2, natural searches to their website And #3, email marketing OnDeck> www.ondeckcapital.com/industrypulse %24