Almost nobody will be willing to give loan to a small business because they are often high risk ventures – you never can tell how soon they will fold up. What then happens to the genuine small business owners who are determined to succeed?
Inasmuch as small businesses have a culture of nonperformance, those who are determined to succeed can still get funding to either start or expand their businesses – we all know that the national economy is driven by small businesses. The reason for underperformance of small businesses is often because they take up loans without proper planning.
