id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
inlawrev-22390	McCarney, Partick	False Start: Carving a Niche for Established Small Business Participation in Regulation Crowdfunding Rules Designed for Startups	2018	28	.pdf	application/pdf	11620	702	63	Although most existing businesses do not expand beyond a certain size, those that do can have a significant impact.186 Between 2011 and 2012, for example, existing business growth added 8.7 million jobs to the economy.187 Existing business employment tends to rise and fall with economic conditions more so than startup hiring, but existing businesses also tend to rehire workers that were previously laid off when economic conditions later improve—something that a failed startup cannot do.188 Additionally, startup jobs on average only pay about 70% of those created by existing firms.189 Regardless, 33% of all small businesses expect to hire more employees within the next twelve months compared to only 8% that expect to reduce employment.190 Additionally, 51% of small businesses expect to increase employee compensation over the next twelve months.191 Small businesses are growing,192 and a less burdensome method of crowdfunding could help supply files/Job_Creation.pdf B. Problems with Traditional Lending Equity or debt-based crowdfunding could be extremely helpful to seasoned businesses because small business loans originated by banks are still not as available as they were prior to the Great Recession; lending fell by more than $100 billion from 2008 to 2011.193 Small businesses were especially hard hit as lending standards kept tightening for small businesses even as they loosened for large companies.194 Even when loans are available, many small companies cannot obtain them for several reasons.	cache/inlawrev-22390.pdf	txt/inlawrev-22390.txt