The American small business is alive and well. About 23 million exist in the U.S., accounting for more than half of all domestic sales. Small business owners in the U.S., 42% of whom started their first ventures during childhood, are faced with a number of challenges, not the least of which is obtaining funding. The need to obtain a small business loan is not always indicative of a financial struggle, though 15% of small businesses do claim to have trouble obtaining credit or loans. Many others look for business expansion loans in order to grow businesses that are already successful.
There are many circumstances that precipitate business loan application, though so