Chart depicting where most small companies go for credit.
They may have more options today, but most still turn to local commercial lenders.
Commercial bank 48%
Leasing company 5
Thrift institution 7
Finance company 14
*Includes owners, other individuals or businesses, money-market mutual-fund companies, brokerages, mortgage banks, and insurance companies.
Source: "Banking Markets and the Use of Financial Services by Small and Medium-sized Businesses," a survey of 3,405 businesses, including 2,899 companies with fewer than 50 employees. Board of Governors of the Federal Reserve System, Washington, D.C.; 1990.