The 21 Hats Business Owners and Debt Survey
1.
Which of these sentences most closely reflects your attitude toward borrowing money for your business?
Taking on debt is a risk that I will not take.
Taking on debt can be a useful tool that will help my business grow.
Taking on debt is essential for most growing businesses.
2.
Have you ever signed personally for a business loan?
Yes
No
3.
Would you sign personally for a business loan knowing that it would put your home at risk?
Yes
No
4.
Right now, my business’s debt is:
Zero
Less than $20,000
Between $20,000 and $50,000
Between $50,000 and $100,000
Between $100,000 and $250,000
More than $250,000
5.
Right now, my credit card balances are:
Paid off
Under control
Causing concern
Maxed out
6.
Have you ever been unable to get a bank loan?
Yes
No
7.
Have you borrowed from an alternative, online lender such as OnDeck Capital or Kabbage?
Yes
No
8.
If you have borrowed from alternative lender, what do you think your annualized percentage rate was (as close as possible)?
I have not borrowed from an online lender
8 percent
12 percent
18 percent
36 percent
72 percent
9.
Did you get a Payroll Protection Program loan?
Yes
No
10.
Do you expect your PPP loan to be forgiven?
Yes
No
11.
Do you own the building that holds your business’s primary location?
Yes
No
12.
If you had a choice between opening a second location or buying a building for your first location, which would you choose?
Open a second location
Buy a building
Current Progress,
0 of 12 answered
