When asked whether they expected demand for credit from small businesses to grow in the next six months, 74% of respondents said yes. But only 46% thought that the supply of credit to those small businesses would increase. That's quite a shortfall, and bigger than the one FICO found when it posed the same questions to bank risk managers in Europe. (Who'd have thought it? We've already discovered a more tedious task than talking to risk managers in American banks.)
So what can small businesses do when their bank loan applications are rejected?
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