This question is about small business lending statistics.

How are most small businesses financed?

By Zippia Team - Feb. 14, 2022

Most small businesses are financed through the owner's personal investments. This can include anything from their savings to personal assets. Even in 2020, when loan applications peaked, only 43% of small businesses applied for a small business loan.

However, when small businesses do require loans, the four most common ways of being financed are through: the SBA, large national banks, small regional banks, and alternative lenders. Financing through these lenders can be anything from a few thousand dollars to over a million.

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