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Blog Bling
Jan
14
Small Business Funding Report out by Go Big Network
January 14, 2007 | Anita Campbell
Go BIG Network estimates that funding requests by small businesses were down during December 2006. The average amount requested was $1,058,594.
That’s according to the Go BIG Network’s Small Business Funding Review, a monthly report that tracks the capital raising trends and habits of the small business community.
Go BIG Network is a website where small business owners and entrepreneurs who are looking to fund their businesses go to connect up with angel investors, private equity investors and venture capital firms.
The Review includes a random sample of 2,000 requests for funding made within a given 30-day period.
What I find interesting about this report is that it is based on actual data, of actual requests for funding by entrepreneurs and business owners. The site covers a wide variety of industries — everything from real estate deals to requests to fund tutoring services and independent film studios. This chart shows the rankings of funding requests by industry:
The site also handles traditional loan requests. Financial institutions trying to find small business customers, take note: Go BIG is a central gathering place for those needing funding. It might be a good place to look for small business customers. Because if you are a small business owner unable to secure equity financing, a bank loan or even a credit card begins to look sweet.
