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Majority of small businesses are self-funded, use personal capital to fill gaps

from CPA Practice Advisor

An overwhelming majority of small to medium business owners in the U.S. self-finance their own businesses, according to a new study from BlueVine, an online provider of working capital financing to small businesses. After surveying 692 small and medium business (SMB) owners working in various industries throughout the U.S., BlueVine found that 83 percent of SMB owners have bootstrapped their companies and built them using their own personal finances. Only 15 percent of SMB owners have used a loan to fill cash flow gaps. more

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