American University
auislandora_55909_OBJ.pdf (456.93 kB)
Download file

Small business financing : survey evidence in west Texas

Download (456.93 kB)
journal contribution
posted on 2023-08-05, 08:06 authored by Wei He, H BakerH Baker

We investigate the financial sources of small firms through a survey of sample firms from West Texas. Evidence shows that the two most common start-up financing alternatives are personal savings and commercial bank loans. Commercial banks remain the most popular source of financing for present and future needs, followed by leasing companies and credit unions. Informal types of financing such as business credit cards, and trade credit are used in addition to lines of credit for transaction and working capital purposes. Firms typically review their financial performance monthly and use common cash balances as the primary financial tool.



Journal of Entrepreneurial Finance


Journal of Entrepreneurial Finance, JEF, ISSN 1551-9570, Vol. 12, Iss. 1, pp. 27-54.


Usage metrics

    Finance and Real Estate


    No categories selected