States Where Capital’s Hard to Find
Finding capital for your small business is not equally difficult in every area of the country. Recently states most affected by the housing meltdown have become more difficult to find capital in.
These states include Florida, New Mexico, the Carolinas, Delaware, Virginia, Georgia and California.
Businesses in states where the housing market is healthier, like South Dakota and Nebraska, report that capital is easier to find.
The reason is, according to Dr. John Paglia, director of the Pepperdine Private Capital Markets Project and Associate Professor of Finance at the University’s Graziadio School of Business and Management, “Many small business owners look to home equity as a potential source of financing.”