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Sources of Capital Successfully Obtained Percent(%) Business credit cards 68 Business lines of credit 57 Personal credit cards 53 loans secured with 50 personal assets Vendor credit 48 Business bank loans 41 Friends/Family 33 Unsecured personal loans 22 Selling/pledging 12 accounts receivable Equity financing 7 Source: Capital Choices Volume 2 Value of knowledge, 2006 Note: Table made from bar graph. Unsecured personal loan: If you lack equity or sufficient collateral, yet are creditworthy, you may still be able to obtain an unsecured personal loan. Bank branches remain central to the sale of unsecured personal loans and have seen a resurgence in the last year. |
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