A new survey finds that older adults are not certain how they would go about funding a new business venture, reports Yahoo Finance. 

Results from a recent survey revealed that a generation gap exists when it comes to knowing where to obtain funding for a small business. The National Foundation for Credit Counseling® (NFCC®) survey, conducted online by The Harris Poll in March 2019 among 2,086 U.S. adults ages 18 and older, revealed that over one in three (35%) are not at all sure how they would come up with the money if they were looking to finance a new business

According to Small Business Trends,  the Money Anxiety Index shows that consumers aren’t concerned about the economy, despite rumors of an upcoming recession. 

The U.S. economy is driven by consumer spending, which makes up close to 70% of the Gross Domestic Product (GDP). Even though the economic indicators are solid at the moment, the slightest apprehension by a small number of consumers can dramatically change the economic outlook

A small business owner will most likely have to take a business loan out at least once during, reports Forbes. 

Starting a business can be expensive, and so can expanding one. No matter where you are in your business's life cycle, from startup to growth, a business loan can help get you started or address specific needs along the way