The turndown rate at banks is about 90% - 95% on business loans

A major fact that commercial banks, upon applying, even with the correct loan officer at the bank, do no want you to know is that the turn down rate at regular commercial banks is approximately 95% for business loans of all types.

This is certainly not a fact they want to advertise and you will not be seeing commercials about this. It is unfortunate that small business owners go to the bank without any realistic knowledge of how hard it will be to get approved, and that the likelihood of being declined is so high. If business owners knew this, they would very likely not go to the bank in the first place. Many business owners go to the bank truly believing they will be approved.

They end up being shocked at all the requirements the bank has, credit wise, collateral wise, and financial statements wise, and the experience they have gone through afterwards, only to end up being denied, and in many cases, somewhat offended, based upon perceived advertising by those same banks prior to their visit, and perceived expectations.