BOCA RATON, FLORIDA (March 19, 2018) - Businesses that take out business loans from banks have higher rates of success, a new study at Florida Atlantic University found.
The survey of 5,000 businesses determined that companies that took out bank loans reported nearly twice as much revenue as companies that did not pursue financing. Companies financed by personal loans had 57% less revenue than companies financed by business loans from banks.
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