Game of Loans

LOANS.ORG PRESENTS GAME OF DANS RISE OF BUSINESS KINGDOMS BEGINNINGS 70% OF STARTUPS IN 2012 HAD ONLY 1 EMPLOYEE WHILE 26% HAD BETWEEN 1 AND 4 EMPLOYEES COINS & CAPITAL 80% USED PERSONAL FUNDS 20% RECEIVED LOANS OR OTHER FUNDS 57% 53% 25% 07 OF THOSE, OF BUSINESS OWNERS SAID IT PREVENTED THEM WERE DENIED FROM GROWING OR FINANCING FOR NEEDED FUNDS EXPANDING THEIR BUSINESS BUT WERE UNABLE TO FIND A LENDER NOT HAVING ENOUGH COLLATERAL COLLATERAL FOR THOSE WHO WERE ABLE TO GET A LOAN, THE AVERAGE BALANCE WAS AT2 $256,060 EXPERIENCE 57% 44% 52% 57 percent had six or more years of prior industry or work experience before starting their companies 44 percent started companies in the past 52 percent had started more than one company 10% 17% HAD MASTER'S WERE HIGH SCHOOL GRADUATES DEGREES 28% HAD TRADE SCHOOL OR TECHNICAL DEGREES 37% HAD BACHELOR'S DEGREES 60 PERCENT OF ENTREPRENEURS SPEND MORE THAN 6 MONTHS WORKING ON THEIR BUSINESS IDEA BEFORE FORMING 60% A COMPANY GENDER & AGE ENTREPRENEUR AGE RANGES BY GENDER 20% 16% 12% 8% 4% 18-29 30-39 40-49 50-59 60+ 4% 8% 12% 16% 20% Greater shares of female business owners have master's and professional or doctorate degrees. ONE THIRD OF STARTUP OWNERS WERE WOMEN THE LARGEST GROUP OF ENTREPRENEURS WAS AGED 30-49 THE SECOND LARGEST GROUP WAS AGED 40-49 ENTREPRENEURS AGED 18-29 STARTED FEWER THAN 20 PERCENT OF BUSINESSES SOURCES: http://www.kauffman.org/uploadedFiles/DownLoadableResources/ Zoom layout_single_FINAL.pdf http://www.inc.com/kathryn-dill/ heres-looking-at-you-entrepreneurs.html http://www.forbes.com/sites/caroltice/2013/02/28/ whos-launching-startups-how-theyre-funded-and-what-they-earn/ http://www.nsba.biz/wp-content/uploads/2012/07/Access-to-Capital-Survey.pdf loans.org Age Distribution (Percentages)