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Business Closure Statistics

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The following statistics were extracted from Census Bureau data and factored by the number of businesses operating in Q4 of 2014 and either stopped doing business or they are still operating in Q4 of 2015
Business Closing StatisticsNumberPercent
Number of Firms Surveyed14,405,210100 %
Number and Percent who reported “Business is still operating”11,948,28682.9 %
Ceased because owner retired329,4092.3 %
Ceased because owner died40,7750.3 %
Ceased because operation was for a one-time specific event181,0051.3 %
Ceased due to inadequate cash flow or sales755,3035.2 %
Ceased due to lack of business loans / credit189,3651.3 %
Ceased due to lack of personal loans / credit96,3580.7 %
Ceased because owner started another business94,7940.7 %
Ceased because owner sold the business129,6570.9 %
Ceased for another reason1,052,9227.3 %
Female Owned Business ClosuresNumberPercent
Number of female owned firms surveyed in 20143,667,721100 %
Business is still operating2,869,80178.2 %
Ceased because owner retired85,2212.3 %
Ceased because owner died8,2790.2 %
Ceased because operation was for a one-time specific event67,6571.8 %
Ceased due to inadequate cash flow or sales223,3046.1 %
Ceased due to lack of business loans / credit42,1201.1 %
Ceased due to lack of personal loans / credit21,4470.6 %
Ceased because owner started another business23,3210.6 %
Ceased because owner sold the business22,5720.6 %
Ceased for another reason403,40111 %
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Male Owned Business ClosuresNumberPercent
Number of male owned firms surveyed in 20147,338,809100 %
Business is still operating6,121,51183.4 %
Ceased because owner retired178,9742.4 %
Ceased because owner died21,0080.3 %
Ceased because operation was for a one-time specific event94,9561.3 %
Ceased due to inadequate cash flow or sales368,6015 %
Ceased due to lack of business loans / credit109,6701.5 %
Ceased due to lack of personal loans / credit53,8220.7 %
Ceased because owner started another business51,4390.7 %
Ceased because owner sold the business62,1380.8 %
Ceased for another reason495,6246.8 %
A firm is a business organization or entity consisting of one domestic establishment (location) or more under common ownership or control. All establishments are included as part of the owning or controlling firm. For the economic census, the terms "firm" and "company" are synonymous.
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Statistic Sources & References
Sources: Bureau, U.
Bureau, US. "2014 SUSB Annual Data Tables By Establishment Industry".
Census.gov. N. p., 2017. Web. 16 Jan. 2017.
Content Author: Statistic Brain

Date research was conducted: June 12, 2017

Business Closure Statistics

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