A recent survey of small and medium-sized business owners found that many lack knowledge about business finances. This gap in understanding can make it harder for them to get approved for loans. The survey, which included 864 business owners, revealed that over a third of them had trouble with their most recent loan application.

Some issues included unexpected credit scores and unclear lender requirements. Further details about the survey and its findings are available from the source, including information about how business owners can apply for loans with confidence.