75% of Small Business Owners Tapped Personal Credit for Business Expenses, Bluevine Study Finds

A survey reveals that small business financing challenges are often driven by a gap in preparation and financial literacy rather than a lack of available capital. According to the study of more than 800 U.S. small business owners, 25% of their recent business financing applications were delayed or denied due to avoidable application mistakes, driving many founders to compromise their personal financial health.