Small businesses are traditionally the backbone of the US economy but since the start of the financial crisis 5 years ago, funding has trickled to a slow and small businesses in need of money are left without access to accredited investors. However, will the rising popularity see a revival of the small business, and ultimately the US economy?
In 2009, US banks posted the sharpest decline in private lending since 1942 and without the help of banks, entrepreneurs were limited to venture capitals and accredited investors –which say ‘NO’ 95 percent of the time – for their funding needs. Can crowdfunding change that? Rock the Post finds out in the following infographic.
Courtesy Economy Watch, (EconMatters author archive here)
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