The demand for small business loans is rising, and yet business owners are finding it difficult to obtain bank loans.
Small business demand for financing rose 3.6 percent, from 36.2 to 37.5 in the third quarter, and yet 61% of small business owners reported difficulty in acquiring a loan, according to a study by Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet Corp in the Seattle Times. Only 36 percent of small businesses were able to get bank loans in the past three months, compared to 69 percent of mid-size companies.
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