Small businesses are often hailed as the backbone of the economy, driving innovation, creating jobs, and fueling local communities. Despite their critical role, securing business loans remains a daunting challenge for many small business owners. The process is riddled with obstacles, from stringent lending criteria to systemic biases, leaving entrepreneurs frustrated and financially strained. So, why is it so difficult for small businesses to obtain the funding they need to thrive? This article explores the key barriers and offers insights into potential solutions. The Economic Importance of Small Businesses Small businesses account for a significant portion of economic activity worldwide. In the United States alone, they represent over 99% of all businesses, employ nearly half of the private workforce, and contribute to more than 40% of GDP, according to the U.S. Small Business Administration (SBA). These enterprises range from local coffee shops to tech startups, each playing ...