Small businesses hold fast to aversion to debt

Small business owners are holding fast to their aversion to taking on more debt, even though they’re optimistic about the future. That’s the finding of a report on small business credit released last week by 12 Federal Reserve regional banks across the country. The report, based on a 2016 survey of businesses that have employees, found that about three-quarters of company owners used personal funds when their businesses needed cash, instead of seeking financing including loans. And only 19 perce...

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