Game of Loans
Apply for a Loan
Secured with SHA-256 Encryption
UPDATED: Feb 9, 2021
Advertiser Disclosure: We strive to help you make confident loan decisions. Comparison shopping should be easy. We are not affiliated with any one loan provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about loans. Our goal is to be an objective, third-party resource for everything loan related. We update our site regularly, and all content is reviewed by experts.
Just as the rival kings in Game of Thrones battle to expand their powerbases, in real life, entrepreneurs compete to get their businesses off the ground and into profitable status. Recent data sheds light on interesting statistics related to business startups and financing.
For instance, while capital has been very difficult to obtain, a full 20 percent of last year’s entrepreneurs were able to finance their startups with business loans. Of those, the average business loan balance was $256,060.
But that still left 80 percent of entrepreneurs to find capital elsewhere. Out of those who said they were unable to get money from a lender, 53 percent claimed that lack of capital prevented them from growing or expanding their business.
The Game of Loans involves more than just financing. Other business and demographic-related data, including that of gender, education, and experience levels of your average entrepreneur are also revealed below.
Some of the highlights include:
- One-third of startup owners were women
- A greater share of female business owners had master’s or doctorate degrees
- 52 percent of 2012’s business owners had started more than one company
While the information clearly shows that gender inequality remains a modern ailment in the world of business and startups, certainly both male and female entrepreneurs can agree on one thing: In the Game of Loans, you either win or you default.
To include this image on your website, copy the embed code below and add it to your website: