Every year since 1963, the president has proclaimed National Small Business Week to recognize the contributions of small businesses to the economic well-being of America. This year, NSBW will honor the estimated 27.2 million small businesses in America. More than half of Americans either own or work for a small business, and small businesses also create 60-80% of new jobs.
Despite those staggering numbers, small businesses are having a hard time getting financing as big banks keep a firm grip on lending. In the spirit of NSBW, BlackEnterprise.com wants to know how are you getting financing for your venture.
C. Bank loan
D. Angel investor
E. Savings/credit cards
F. Venture capital fund
G. Secure capital? Itâ€™s been virtually impossible
H.Â Other (Please explain below)
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