Homeownership Serves As A Tool For Small Business Owners

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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