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How Much Funding Does Your Small Business REALLY Need? We Did the Research to Find Out!

Small business owners require different amounts of capital funding depending on the industry they operate in. The average U.S. business spent $206,383 on capital expenses in 2021, with brick-and-mortar establishments, online businesses, and service providers experiencing varying capital requirements. A detailed accounting of expected capital expenses and start-up costs is essential to attract investors and lenders when starting a small business. Census Bureau data revealed the industries with the highest and lowest average capital expenditures in 2021 and the funding needed to start or acquire a business in each one. The following industries were ranked based on their average capital expenditure per establishment: accommodation and food services, professional, scientific, and technical services, construction, administrative and support and waste management, wholesale trade, retail trade, arts, entertainment, and recreation, health care and social assistance, agriculture, forestry, fishing, and hunting, management of companies and enterprises, educational services.

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altLINE used Census Bureau data to rank industries by average capital expenditures and give a cost range to start or acquire a company in each industry. 


https://www.michigansthumb.com/personal-finance/article/how-much-capital-funding-do-small-business-owners-18148083.php
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