Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent owns their residence AND has a mortgage on that property.
18e. Is this property being used to collateralize the purchase of other business assets?
| Response | Owns Residence | All Small, Employing Business Owners | ||
|---|---|---|---|---|
| 1 | Yes | 10 | 9 | |
| 2 | No | 90 | 90 | |
| 3 | DK/Refuse | 1 | 1 | |
| Total (%) | 101 | 100 | ||
| N | 654 | 690 | ||
Notes: Ten (10) percent of small employers who own their residence used their residence to collateralize the purchase of other business assets (Q#18e). Nine percent of small employers use their residence to collateralize the purchase of other business assets (Q#18e).
