2. Business profits or assets are a key source of money to expand; 29.1 percent of small employers use this source of expansion financing.
3. Banks are an important source of expansion capital for small businesses; just shy of one-third of small business owners report using a bank loan to finance expansion.
4. Credit cards, both personal and business, are a common source of money for small business expansion, with one quarter of small employers needing expansion funds obtaining at least some of it from this source.
5. More than one-in-ten (11.4 percent) of small business owners report using equity in their homes to finance small business expansion.
6. Government-guaranteed loans and loans from the government, such as SBA loans, aren’t a source of expansion capital for many businesses; the SBO data show that less than 3 percent of small businesses needing expansion capital get money from this source.
7. Almost no small employers use venture capital to expand; the SBO data reveal that only about 0.5 percent use this source of financing.