Homeownership Serves As A Tool For Small Business Owners

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August 11, 2017

According to NAHB, home equity was used to fund the start of 284,618 businesses, or 7.3 percent of all businesses in the U.S.

Home equity served as a source of capital for more than 9 percent of accommodation and food services, retail trade businesses, and manufacturing entities.

These industries similarly experience lower rates of profitability, are often not home-based businesses, and on average assemble $50,000 to $99,999 worth of funding as start-up capital.

Only 6.9 percent of construction businesses used home equity as starting capital.

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