As anyone who has ever applied for any form of loan in the past will know, whether it was an auto loan, home loan or business loan, there are application thresholds involved in nearly all cases. Lenders won’t simply give away money to anyone – they need to assess various factors that play a role in the likelihood of individuals or companies paying back their loan sums appropriately.
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Mega e-tailers, like Amazon and Walmart, may monopolize online commerce, but it’s the small businesses across the country that keep the economy going. In fact, according to the Small Business Administration (SBA), the 28 million small businesses in America account for 54 percent of all sales in the country. Small businesses create jobs, build a demand for locally made products and keep communities thriving.