This just came across my e-mail from Karen Couto at NewGround Publications
Five Small Business Market Facts:
1. Access to
small business financing hit its highest rate since the fourth quarter of
2012.
2. Over half
of Americans either own or work for a small business.
3. 15 large lenders
have the highest amounts in small business loans (over $172 billion in the
first quarter
of 2015) but these loans make up single-digit percentages
(average of 6 percent) of their portfolios. Small
business loans by smaller
lenders equal a third or more of their portfolios.
4. A
fast-growing group of entrepreneurs is people over 50. Baby boomers (born
1946-1964) are twice as
likely as millennials (born 1981-2000) to start a
business. 10,000 baby boomers turn 65 every day.
5. 27 percent
of small businesses owners have never had a business plan, 40 percent feel
financially
illiterate, and 66 percent want to know more about finances.
Sources:
4. http://www.dol.gov/_sec/newsletter/2015/20150521.pdf and http://www.gallup.com/businessjournal/181352/fast-growing-group-entrepreneurs-people.aspx?utm_source=
5. http://www.entrepreneur.com/article/231525 and http://www.intuit.com/company/press-room/press-releases/2014
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