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Ownership Transitions
Small Business Survey Results
WHAT's INside
Live Oak Bank’s Quarterly Research highlights the impact of ownership transitions on small businesses.
- 63% of small businesses do not have a succession plan.
- 27% have accelerated their transition plans due to the state of the economy.
- Nearly 33% of small businesses plan to transition ownership within five years.
Each quarter, Live Oak will be sharing real-time metrics based on a relevant and timely topic. Barlow Research, a data-driven research firm, is leading the survey efforts on behalf of Live Oak Bank.