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→Changing nature of raising capital
**90% of those who applied were approved
*More than half (58%) of Millennial small business owners applied for a business loan within the last two years, nearly twice that of Gen-Xers (30%). Friends and family are an important source of funding for Millennial small business owners, with 30% saying they’ve received a loan from their loved ones in the past. Millennial small business owners are nearly five times as likely as Gen-Xers to have received past funding from a peer-to-peer network, while Boomers (25 %) were more than twice as likely as Millennials (10 %) to have received funding from a home equity loan/other personal debt.
*Negative correlation between student debt and country wide entrepreneurship rates among millennials [http://www.kauffman.org/blogs/growthology/2015/05/3-ways-student-debt-can-affect-millennial-entrepreneurs (Kauffman)]
**"Saddled with student loan debt, millennials can't afford to be entrepreneurs," according to 2015 state of entrepreneurship report from the Kauffman Foundation, a nonprofit devoted to studying entrepreneurship.
**Entrepreneurs need equity to invest on their businesses, and loans can affect a budding entrepreneur’s net worth in the short and long term. [http://www.pewsocialtrends.org/2014/05/14/young-adults-student-debt-and-economic-well-being/ (PEW Research Center)]
*Student loans have been demonstrated to push people away lower-paying public service jobs – and it is not a leap to think that it would also push people to away from risky entrepreneurial ventures. [http://www.kauffman.org/blogs/growthology/2015/05/3-ways-student-debt-can-affect-millennial-entrepreneurs (Kauffman)]
*The share of new entrepreneurs in the 20 to 34-year old age group has gone down dramatically, from 34.8% in 1996 to 22.7% in 2013. [http://www.kauffman.org/blogs/growthology/2015/05/3-ways-student-debt-can-affect-millennial-entrepreneurs (Kauffman)]
