Finding the necessary funding is a big problem for a number of small businesses. That's according to a recent online member poll by the National Association for the Self-Employed (NASE).

A majority of micro-business owners surveyed (57 percent) initially fund their businesses using personal savings, and many (40 percent) continue to use personal savings for ongoing financing.

Only 11 percent of respondents felt that there are adequate funding resources available for micro-businesses, while three-quarters believe that funding opportunities are inadequate. Respondents pointed to credit rating, bank regulations, paperwork, and lack of collateral as the largest obstacles in gaining access to capital.

"It is no surprise that micro-business owners put their own savings on the line in hopes of building a successful business," said NASE president Robert Hughes. "Micro-business owners need better and easier ways to access capital to start and maintain the businesses that are so important to this economy."

In response to this need, the NASE launched the NASE Business Development Grant Program for members who want to grow their business. Assisting micro-business owners in sustaining and growing their businesses serves as the primary mission of this program.

The National Association for the Self-Employed is the nation's leading resource for the self-employed and micro-businesses, bringing a broad range of benefits to help entrepreneurs succeed and driving the continued growth of this vital segment of the American economy.