Financial institutions are notoriously reluctant to provide debt financing to small businesses unless adequate collateral is available - statistically, the small business loan approval rate is less than 25 %. (thebalancesmb.com)
This is consistent with nationwide statistics, which report business loan approval rates for women are 15 to 20 percent lower than they are for men. (guidantfinancial.com)
The reason for this decline in small business loans approval is that the banks find them a risky investment. (thebankly.com)