09/20/2019
Small Business Statistics You Should Know
Half of all small businesses will survive for 5 years.
82% of businesses fail because of cash flow problems.
The biggest challenge for small business is economic uncertainty.
27% of businesses claim they don’t get the business funding they need.
Small business owners require $10,000 in startup capital on average.
Commercial loan brokers can fund 80% of business start-ups already denied at banks.
60% of jobs are created by small businesses.
The most common legal structure for small business is the S-corporation.
Sole proprietors pay the lowest effective tax rate: 15.1%.
42% of startups fail because of a lack of market need.
A 40-year-old is 2.1x as likely to found a successful startup as a 25-year-old.