I don’t think people outside realize how non-existent small business lending is.

A person who makes $100k/year can borrow $400k at 3% over 30 for a house.

A business than makes $100k/year can borrow like $30k at 12% over 5 years to expand. https://t.co/cqKG7Z1IHb

— Andrew Finn (@finnscave) August 5, 2020

This is true. The small business I used to work for had low multi-million dollar revenue per year, stable contracts, and guaranteed income due to those long-term contracts.

The credit limit on their business credit card was $5,000 and the bank would not increase it. They also basically could not get any sort of small business loan if they’d wanted one. By contrast, a large business which has far more risk gets nearly non-interest loans as needed.

And people wonder why there are fewer small businesses now. That’s one of the many reasons.