MONEY

Finance & Banking

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Start-up Capital:

  • $746,858 = Average
  • $50,000 = Median
  • 32% of companies started with $15,000 or less, 11% started with $1 million or more

 

Top 3 Sources of Start-up Capital:

  1. 72% - Personal assets
  2. 19% - Assets of family and/or friends
  3. 17% - Loan or line of credit

 

Growth Capital:

  • 68% of companies reported having raised additional capital since start-up
  • $6.9 million was the average additional capital raised (median of $1 million)

 

Top 3 Sources of Growth Capital:

  1. 44% - Loan or line of credit
  2. 25% - Personal assets
  3. 19% - Private equity

 

Fundraising Experience:

  • 52% of CEOs reported that capital was relatively easy to obtain
  • 45% reported that limited sources of capital were available, resulting in a lower investment than planned
  • 3% reported that they were unable to obtain sufficient capital, resulting in an inability to grow the business

 

Buy vs. Lease:

  • 61% of CEOs report leasing their current location, with 45% under a long-term lease and 16% under a short-term lease
  • 22% report that they personally own their company's location
  • 16% report that the company itself owns the location

 


More Inner City 100 Numbers:

Last updated: May 23, 2006




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