Crowdfunding and other alternative funding methods have expanded exponentially, yet a Manta survey revealed about two-thirds of small business owners don’t think enough funding options are available and believe the funding environment has not improved in the past 12 months.
"Small business owners have more diverse options today than ever before when it comes to funding their business," Manta CEO John Swanciger said. "However, we're seeing a gap between what's available and the perception among small businesses that the lending environment has not improved. Even though traditional bank loans are difficult to secure, small businesses are still apt to rely on them."
Though more than 70 percent have sought traditional loan methods, less than a quarter have pursued alternative funding sources, despite their greater ability to adapt to the business’ needs.
Those interested in alternative financing options can view a free webinar from Joseph Hogue through Manta’s online Small Business Expert Series.
