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**Following the financial crisis of 2008, it's no surprise that the top funding source for new business remains the personal savings accounts of founders.[http://www.entrepreneur.com/article/230011]
Personal debt therefore, becomes an integral component of the financing equation in starting a small business. The strong negative correlation found in the Pennsylvania study cites student debt as a possible contributor to declining small business growth[http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2015/05/kauffman_index_startup_activity_national_trends_2015.pdf].</onlyinclude>
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